GAIA INFRASTRUCTURE CAPITAL LIMITED - Cautionary announcement

Cautionary announcement

GAIA INFRASTRUCTURE CAPITAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/115237/06)
Share code: GAI
ISIN: ZAE000210555
("GAIA" or “the Company”)

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that GAIA is in exclusive negotiations in relation to the acquisition of an
economic interest in a large, operating wind project commissioned as part of round 1 of the South
African Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) (“the
Acquisition”). The Acquisition is in accordance with GAIA’s investment policy and meets all of the
Company’s investment criteria.

If successfully concluded, the Acquisition may have a material effect on the price of the Company’s
securities. GAIA will inform shareholders of the detailed terms of the Acquisition as soon as possible.
Shareholders are advised to exercise caution when dealing in the Company’s securities until a
detailed announcement is published.

Johannesburg
14 August 2017

Financial advisor and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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