Further cautionary announcement Choppies Enterprises Limited (Registration number 2004/1681) JSE share code: CHP BSE share code: CHOPPIES ISIN: BW0000001072 Tax reference number: C08710401018 (“Choppies” or the “Company”) FURTHER CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement dated 6 September 2017 in which the Board of Choppies advised shareholders that Choppies has entered into negotiations with a third party in KZN, South Africa for acquisition of retail outlets, which if successfully concluded, and subject to relevant regulatory approval, will result in a transaction that might have an impact on the price of the Company’s shares. Shareholders are advised that the transaction is still awaiting regulatory approval and expected to be concluded before the end of October 2017. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s shares until a further announcement is made. By order of the Board The Company’s primary listing is on the Botswana Stock Exchange and its secondary listing is on the Johannesburg Stock Exchange. BSE Sponsoring Broker African Alliance Botswana Limited JSE Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) 18 October, 2017 Date: 18/10/2017 12:45:00 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.