Change in Beneficial Interest in Securities and Share Dealing by an Associate of a Director ECSPONENT LIMITED Incorporated in the Republic of South Africa Registration number: 1998/013215/06 JSE Code: ECS - ISIN: ZAE000179594 ("the Company") CHANGE IN BENEFICIAL INTEREST IN SECURITIES AND SHARE DEALING BY AN ASSOCIATE OF A DIRECTOR Shareholders are hereby notified, in accordance with section 122(3)(b) of the Companies Act (No. 71 of 2008), as amended, Regulation 121(2)(b) of the Companies Act Regulations 2011 and paragraph 3.83(b) of the Listings Requirements of the JSE Limited, that the Company has received notification, in the prescribed form, from Mason Alexander Proprietary Limited (“Mason Alexander”) that it has increased its beneficial interest in the Company to 56.0%. As previously advised, Mason Alexander entered into an option agreement with Ecsponent Capital (Rf) Limited (“Capital”) to acquire the remaining shares held by Capital in the Company (i.e. currently 13.6%) by no later than 31 December 2018. Mason Alexander has today advised that it will be exercising that option and accordingly, the Company advises the following dealing by an associate of a director of the Company: Name of director: G Manyere (Non-executive) Name of associate: Mason Alexander Relationship to director: Minor children of G Manyere; whose interest in Mason Alexander is held in a Trust for their benefit Nature of transaction: Acquisition via the exercise of option Number of shares: 146 739 382 ordinary shares Price per share: 15 cents Value of transaction: R22 010 907 Date of transaction: 11 August 2017 Where traded: Off-market Pretoria 14 August 2017 Sponsor Questco Proprietary Limited Date: 14/08/2017 05:25:00 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.