General repurchase of shares announcement Interwaste Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2006/037223/06) JSE code: IWE ISIN: ZAE000097903 (“the company”) GENERAL REPURCHASE OF SHARES ANNOUNCEMENT Introduction The board of directors of the company (the “Board”) hereby advises shareholders that the company has cumulatively repurchased 14,488,096 ordinary shares, representing 3.09% of the company’s issued share capital at an average purchase price of 83.31 c per share, in terms of the general authority granted by shareholders at the annual general meeting held on Wednesday 28th June 2017. Details of the general repurchase Details of the general repurchase are as follows: Dates of the repurchases: From 28 June 2017 to 14 November 2017 Number of shares purchased: 14,488,096 Lowest repurchase price per share (cents): 75 Highest repurchase price per share (cents): 97 Total value of shares repurchased: R 12,070,004 The shares are held by subsidiary companies. The repurchases were effected through the order book operated by the JSE and done without any prior understanding or arrangement between the company and the counter parties. The company holds 19,585,735 shares as treasury shares, representing 4.18% of the company’s issued share capital. Following the repurchase, the extent of the general authority to repurchase shares outstanding is 79,330,479 ordinary shares, representing 16.91% of the total issued share capital of the company, at the time the authority was granted. The company is monitoring certain thresholds imposed by the Companies Act and is able to repurchase a total of 23,890,508 ordinary shares, representing 5.09% of the total issued share capital of the company without triggering any additional requirements. Opinion of the Board The Board has considered the effect of the repurchase and is of the opinion that, for a period of 12 months following the date of this announcement: - the company and the group will be able, in the ordinary course of business, to repay their debts; - the assets of the company and the group will be in excess of the liabilities of the company and the group; - the company and the group’s ordinary capital and reserves will be adequate for ordinary business purposes; and - the company and the group will have adequate working capital for ordinary business purposes. Source of funds The general repurchase were funded from the company’s available cash resources. Financial information Cash balances decreased by R 12,070,004 as a result of the general repurchase. The impact on other areas of the company’s financial information is immaterial. 15 November 2017 Johannesburg Sponsor Grindrod Bank Date: 15/11/2017 02:38:00 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.