Stadio Rights Offer Results STADIO HOLDINGS LIMITED (Previously Embury Holdings Proprietary Limited) (Incorporated in the Republic of South Africa) Registration number: 2016/371398/06 JSE share code: SDO ISIN ZAE000248662 (“STADIO”) STADIO RIGHTS OFFER RESULTS STADIO shareholders (“Shareholders”) are referred to the announcement published by STADIO on 3 October 2017 and the circular dated 3 October 2017 (“Circular”) relating to the STADIO underwritten renounceable rights offer to raise up to R640 million (“Rights Offer”). In terms of the Rights Offer, STADIO offered 256 000 011 new STADIO ordinary shares (“Rights Offer Shares”) to qualifying Shareholders at a subscription price of 250 cents per Rights Offer Share, in the ratio of 57.19647 Rights Offer Shares for every 100 STADIO ordinary no par value shares held on the record date for the Rights Offer, being Friday, 13 October 2017. PSG Financial Services Limited (“PSG Financial Services”) provided STADIO with an irrevocable undertaking that it and/or PSG Alpha Proprietary Limited (“PSG Alpha”) (being a subsidiary of PSG Financial Services), will follow all of their rights in terms of the Rights Offer and will subscribe for all the Rights Offer Shares to which they are entitled under the Rights Offer. PSG Financial Services also irrevocably undertook to underwrite the balance of the Rights Offer Shares, being a maximum of 125 471 918 Rights Offer Shares, to the extent that Shareholders other than PSG Financial Services and/or PSG Alpha do not follow their Rights. The results of the Rights Offer, which closed on Friday, 27 October 2017, are as follows: Number of Rights % of Rights Offer Shares Offer Shares Rights Offer Shares 256 000 011 100% available for subscription Rights Offer Shares 255 141 087 99.67% subscribed for by Shareholders Rights Offer Shares to be 858 924 0.33% issued to the Underwriter Shareholders who have subscribed for Rights Offer Shares will receive their Rights Offer Shares today, Monday 30 October 2017. Durbanville 30 October 2017 Transaction Advisor and Sponsor: PSG Capital Proprietary Limited Date: 30/10/2017 10:24:00 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.