Exercise Of Options By Director In Terms Of The Deneb Long Term Incentive Scheme And Sale Of Securities By Director DENEB INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/091290/06) Share code: DNB ISIN: ZAE000197398 (“Deneb” or the “Company”) EXERCISE OF OPTIONS BY DIRECTOR IN TERMS OF THE DENEB LONG TERM INCENTIVE SCHEME AND SALE OF SECURITIES BY DIRECTOR In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: NAME OF DIRECTOR G Wege COMPANY OF WHICH I AM A Deneb Investments Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 31 August 2017 CENTS PER SHARE 170 NUMBER OF SECURITIES 263,539 TRANSACTED TOTAL RAND VALUE OF R448,016.30 SECURITIES NATURE OF TRANSACTION Delivery of ordinary shares through the exercise of Deneb Long Term Incentive Scheme options granted and accepted in 2014 at a nil strike price (off-market) NATURE AND EXTENT OF Direct beneficial INTEREST IN THE TRANSACTION CLEARANCE OBTAINED Yes NAME OF DIRECTOR G Wege COMPANY OF WHICH I AM A Deneb Investments Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTIONS 30 August 2017 (1) 31 August 2017 (2) CENTS PER SHARE 179 (1) 170 (2) NUMBER OF SECURITIES 100 (1) TRANSACTED 31,565 (2) TOTAL RAND VALUE OF R179.00 (1) SECURITIES R53,660.50 (2) NATURE OF TRANSACTIONS Sale of ordinary shares (on-market) NATURE AND EXTENT OF Direct beneficial INTEREST IN THE TRANSACTIONS CLEARANCE OBTAINED Yes Clearance to deal in these shares was obtained in accordance with rule 3.66 of the JSE Listings Requirements. Cape Town 31 August 2017 Sponsor PSG Capital Date: 31/08/2017 04:30:00 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.