Dealing In Stadio Shares By Directors Pursuant To The Stadio Black Economic Empowerment Private Placement 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”) DEALING IN STADIO SHARES BY DIRECTORS PURSUANT TO THE STADIO BLACK ECONOMIC EMPOWERMENT (“BEE”) PRIVATE PLACEMENT Shareholders are hereby advised that the STADIO BEE Private Placement closed on Monday, 27 November 2017, and successful invited investors were issued with STADIO ordinary shares on Monday, 4 December 2017. Accordingly, in compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed regarding the directors who subscribed for STADIO ordinary shares in terms of the STADIO BEE Private Placement: NAME OF DIRECTOR Divya Singh COMPANY OF WHICH A DIRECTOR STADIO Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares in STADIO NATURE OF TRANSACTION Subscription for shares in STADIO pursuant to the STADIO BEE Private Placement (off- market transaction) DATE OF TRANSACTION 4 December 2017 CENTS PER SECURITY 296 cents NUMBER OF SECURITIES TRANSACTED 135 351 TOTAL RAND VALUE OF SECURITIES R400 638.96 TRANSACTED NATURE AND EXTENT OF INTEREST Direct, beneficial IN THE TRANSACTION NAME OF DIRECTOR Samara Totaram COMPANY OF WHICH A DIRECTOR STADIO Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares in STADIO NATURE OF TRANSACTION Subscription for shares in STADIO pursuant to the STADIO BEE Private Placement (off- market transaction) DATE OF TRANSACTION 4 December 2017 CENTS PER SECURITY 296 NUMBER OF SECURITIES TRANSACTED 506 756 TOTAL RAND VALUE OF SECURITIES R1 499 997.76 TRANSACTED NATURE AND EXTENT OF INTEREST Direct, beneficial IN THE TRANSACTION NAME OF DIRECTOR Renganayagee Kisten COMPANY OF WHICH A DIRECTOR STADIO Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive TYPE AND CLASS OF SECURITIES Ordinary shares in STADIO NATURE OF TRANSACTION Subscription for shares in STADIO pursuant to the STADIO BEE Private Placement (off- market transaction) DATE OF TRANSACTION 4 December 2017 CENTS PER SECURITY 296 NUMBER OF SECURITIES TRANSACTED 675 826 TOTAL RAND VALUE OF SECURITIES R 2 000 444.96 TRANSACTED NATURE AND EXTENT OF INTEREST Direct, beneficial IN THE TRANSACTION Clearance to deal in these securities was obtained in accordance with Rule 3.66 of the JSE Limited Listings Requirements. Durbanville 8 December 2017 Sponsor PSG Capital Proprietary Limited Date: 08/12/2017 10:45:00 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.