Trading statement STELLAR CAPITAL PARTNERS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/015580/06) Share code: SCP ISIN: ZAE000198586 (“Stellar Capital” or “the Company”) TRADING STATEMENT In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited (“Listings Requirements”), a company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from those of the previous corresponding period. Stellar Capital is currently finalising its interim financial results for the 6-month period ended 31 May 2017 and audited results for the 7-month period ended 30 June 2017. In this regard, shareholders are advised that a reasonable degree of certainty exists that Stellar Capital’s interim results for the 6-month period ended 31 May 2017 and audited results for the 7-month period ended 30 June 2017 will be within the following ranges: Expected Reported 6-month 6-month period ended period ended Change 31 May 2017 31 May 2016 Rand Rand Net asset value per -22.29% to - share 15.92% 1.22 to 1.32 1.57 Expected Reported 7-month period ended Year ended 30 Change 30 June 2017 November 2016 Net asset value per -26.51% to - share 20.48% 1.22 to 1.32 1.66 The estimate financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. Stellar Capital expects to publish its unaudited interim financial results for the 6-month period ended 31 May 2017 and provisional audited condensed financial results for the 7-month period ended 30 June 2017 on the Stock Exchange News Service on or before Thursday, 31 August 2017. Cape Town 14 August 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14/08/2017 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.