Dealings in securities Tiso Blackstar Group SE (Incorporated in England and Wales) (Company number SE 110) (registered as an external company with limited liability in the Republic of South Africa under registration number 2011/008274/10) LSE Ticker: TBGR JSE Share code: TBG ISIN: GB00BF37LF46 (“Tiso Blackstar” or the “Company”) DEALINGS IN SECURITIES Tiso Blackstar announces that on 13 November 2017, it received notification that Aimeth Capital Holdings (Pty) Ltd, a company associated with Andrew Bonamour (Tiso Blackstar Chief Executive Officer) disposed of 900,000 shares of €0.76 each (“Ordinary Shares”) at a price of ZAR 8.50 (45 pence) per Ordinary Share on 13 November 2017, amounting to a total transaction value of ZAR 7,650,000 (“Transaction”). Following the Transaction, Andrew Bonamour has an indirect beneficial interest in 7,881,980 Ordinary Shares, representing 3.0% of the issued share capital of the Company, excluding shares held in treasury. Transaction Notification 1 Details of persons discharging managerial responsibilities (“PDMR”) / person closely associated with them (“PCA”) a) Name PCA: Aimeth Capital Holdings (Pty) Ltd, a company incorporated and registered in South Africa Aimeth Capital Holdings (Pty) Ltd is associated with Andrew Bonamour, a PDMR of Tiso Blackstar Group SE, and of which Andrew Bonamour is a director b) Position / status This notification concerns the PCA, Aimeth Capital Holdings (Pty) Ltd, which is associated with PDMR, Andrew Bonamour, who is the Chief Executive Officer of Tiso Blackstar Group SE c) Initial notification / This is an initial notification amendment 2 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of financial Tiso Blackstar Group SE Ordinary Shares instrument b) Nature of transaction On-market disposal of Tiso Blackstar Group SE Ordinary Shares c) Price(s) and volume(s) One single transaction: 900,000 Tiso Blackstar Group SE Ordinary Shares disposed of at a price of ZAR 8.50 per Ordinary Share d) Aggregated information One single transaction: 900,000 Tiso Blackstar Group SE Ordinary Aggregated Price Shares disposed of at a price of ZAR 8.50 per Ordinary Share e) Date of transaction 2017-11-13 UTC+2:00 (South Africa) f) Place of transaction Johannesburg, South Africa London 14 November 2017 For further information, please contact: Tiso Blackstar Group SE Leanna Isaac +44 (0) 20 7887 6017 Northland Capital Partners Limited Tom Price +44 (0) 20 3861 6625 JSE Sponsor: One Capital Sponsor Services Sholto Simpson +27 (0) 11 550 5000 (Proprietary) Limited Date: 14/11/2017 11:30:00 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.