Partially underwritten renounceable rights offer Imbalie Beauty Limited (Incorporated in the Republic of South Africa) (Registration number 2003/025374/06) JSE code: ILE ISIN: ZAE000165239 ("Imbalie Beauty” or “the Company") PARTIALLY UNDERWRITTEN RENOUNCEABLE RIGHTS OFFER Shareholders are referred to the announcement released on the Stock Exchange News Service (“SENS”) of the JSE Limited (“JSE”) of 27 September 2017 wherein Shareholders were advised that Imbalie Beauty was in the process of finalising a Rights Offer for the Company to raise additional capital. 1. INTRODUCTION AND RATIONALE FOR THE RIGHTS OFFER The rationale for raising additional capital of R15 million in terms of the Rights Offer for the Company is, inter alia, as follows: - to strengthen the balance sheet of Imbalie Beauty; - to fund an internal restructuring of the Company; and - to continue to fund the ongoing growth of the Group. The board has resolved on 31 October 2017 to undertake a Rights Offer of 750 000 000 new ordinary par value shares of 0.0001 cents each at an issue price of 2 cents per rights share, in the ratio of 118.28921 Rights Offer Shares for every 100 Imbalie ordinary shares held on the Record Date. The issue price of 2 cents per rights share equates to a 57% discount to the weighted average share price of Imbalie shares for the 30-day period ended 31 October 2017. Imbalie Beauty entered into an underwriting agreement on or about the 14 November 2017 with SA Madiba Investments Proprietary Limited, Holistics Remedies Proprietary Limited and Brits Engineering Proprietary Limited in terms of which they agreed to underwrite the allotment and issue of a maximum of 500 000 000 shares of the Rights Offer at 2 cents per share. Mr WP van der Merwe, an executive director of Imbalie Beauty, is a Shareholder and director of SA Madiba Investments Proprietary Limited. 2. ANNOUNCEMENT AND CIRCULAR A detailed announcement including the salient dates of the Rights Offer will be made in due course. A circular containing details of the Rights Offer (including the form of instruction) will be posted to shareholders in due course. 30 November 2017 Woodmead Designated Advisor Exchange Sponsors Date: 30/11/2017 10:37:00 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.