Dealings by directors, by the company secretary and by directors of a major subsidiary REUNERT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1913/004355/06 ISIN: ZAE000057428 Share code: RLO (“Reunert” or “Reunert group”) ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE PLAN: DEALINGS BY DIRECTORS, BY THE COMPANY SECRETARY AND BY DIRECTORS OF A MAJOR SUBSIDIARY The Reunert Conditional Share Plan 2012 (“CSP”) was approved by shareholders on 13 February 2013. In accordance with the provisions of the CSP, the allocations, as set out in this announcement, were approved on 5 December 2017. In all instances: - clearance to trade was obtained; - approval for individual allocations was given by the remuneration committee; - the nature of the interest is direct beneficial; and - the nature of the transactions was off-market allocations of CSP units which could in future entitle the participant to ordinary shares if relevant employment and performance conditions are met. CSP units – subject to CSP units – subject Indicative remaining with the to remaining with the transaction value, Reunert group and Reunert group, 50% based on closing performance vesting after four share price on 5 conditions measured years and 50% after December 2017 of over 4 years 5 years R69,79* Executive directors AE Dickson 153 644 - - M Moodley 52 083 - - MAR Taylor 73 042 - - NA Thomson 94 049 - - Directors of ATC (Pty) Ltd, a major subsidiary of Reunert GW Eddey 39 622 - - TA Pooe 20 551 - - Company secretary K Louw - 3 919 R273 507,01 * The transaction values relating to the CSP units that are subject to performance conditions will only be determinable when the units vest, in accordance with the rules of the CSP, at the end of the 4-year performance period. Sandton 7 December 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07/12/2017 04:35:00 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.