Reinet Securities SA – Exchange rate applicable for dividend payable in respect of DRs Reinet Investments S.C.A. (‘Reinet’) To holders of depository receipts issued by Reinet Securities SA, in respect of Reinet Investments S.C.A. ordinary shares (‘DRs’) traded on the Johannesburg Stock Exchange under the ISIN number CH0045793657 Depository Receipt Code: REI REINET SECURITIES SA – EXCHANGE RATE APPLICABLE FOR DIVIDEND PAYABLE IN RESPECT OF DRs The dividend payable to holders of DRs is derived from the dividend to be paid by Reinet to holders of Reinet shares. The dividend in respect of the DRs is payable to South African Common Monetary Area residents in South African rand via central security depository participants in Strate for all dematerialised holdings and Computershare Investor Services Proprietary Limited for those on the certificated register. Reinet has recommended a total dividend of EUR 0.165 per share from income reserves. It is anticipated that this dividend will be approved by shareholders of Reinet at the annual general meeting to be held on Tuesday 29 August 2017 in Luxembourg. There is no Luxembourg withholding tax payable on dividends which may be declared by Reinet. In 2013 Reinet sought clarification from the South African Revenue Service (‘SARS’) as to the treatment of any dividends to be declared by Reinet and paid to holders of DRs. SARS confirmed to Reinet that any such dividends would be treated as ‘foreign dividends’ as defined in the Income Tax Act No. 58 of 1962. Accordingly, any such dividends would be subject to South African dividend withholding tax at 20 per cent in the hands of DR holders unless those DR holders are otherwise exempt from the tax. Non- resident holders of DRs are required to fill in the appropriate SARS declaration form, if they wish to be exempted from the tax. As DRs trade in the ratio of 10 DRs to each Reinet ordinary share, the dividend entitlement per DR is as follows: Gross dividend South African Net dividend in per DR dividend Tax euros in euros at 20% 0.016500 (0.003300) 0.013200 The exchange rate applicable for the conversion of euro to South African rand for payment of the dividend is ZAR 15.74000 : Euro 1. Accordingly the net dividend payable per DR is 20.77680 ZAR cents, as set out in the table below: Gross dividend South African Net dividend per DR dividend tax per DR (in ZAR cents) at 20% (in ZAR cents) (in ZAR cents) Total 25.97100 (5.19420) 20.77680 The timetable for the dividend in respect of the DRs is anticipated to be as follows: Last date to trade “cum dividend” Tuesday, 5 September 2017 Trading commences “ex-dividend” from the commencement of business on Wednesday, 6 September 2017 DR dividend record date Friday, 8 September 2017 DR dividend payment date Friday, 15 September 2017 DR holders may not dematerialise or rematerialise their holding of DRs between Wednesday, 6 September 2017 and Friday, 8 September 2017, both days inclusive. DRs are issued subject to the terms of the Deposit Agreement entered into on 17 October 2008, most recently amended on 15 December 2010. By holding DRs, investors acknowledge that they are bound by the terms of the Deposit Agreement. Copies of the Deposit Agreement may be obtained by investors from Reinet Securities SA or Computershare Investor Services Proprietary Limited. Reinet Securities SA may appoint a depository agent or other parties to assist in the administration of the DR programme and may provide to such agents such information as it deems to be appropriate, including information relating to the identity of holders of DRs. 29 August 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 29/08/2017 11:05:00 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.