EOH Update and Cautionary Announcement EOH HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/014669/06) Share code: EOH ISIN: ZAE000071072 (“EOH”) EOH UPDATE AND CAUTIONARY ANNOUNCEMENT On Thursday, 7 December 2017, extraordinary volumes of EOH shares were traded. EOH has established that both the high volumes as well as the substantial drop in the share price was triggered by the forced sale of shares by financial institutions against equity financed transactions to various individual shareholders, including two EOH directors. EOH confirms that the directors affected did not voluntarily sell their shares, but rather that the sale was caused by margin calls against these equity financed transactions (a separate SENS announcement will be issued in this regard). Separately, as published previously, EOH has finalised the sell-back agreement in order to unwind its acquisition of Grid Control Technologies Proprietary Limited, Forensic Data Analysts Proprietary Limited and Investigative Software Solutions Proprietary Limited, which it acquired in November 2015. EOH had been in discussions with the previous shareholders of the above-mentioned companies for some time about unwinding the transaction. These discussions were initiated as a result of a significant underachievement against performance warrantees. Recent media allegations relating to Mr Keith Keating caused EOH to expedite the unwinding and conclusion of the sell-back agreement. In view of the allegations and in the interest of good governance, EOH has appointed Edward Nathan Sonnenbergs Incorporated (“ENSafrica”) to conduct a full fact-finding review of the commercial activities of the three companies mentioned above. In keeping with the Group’s zero tolerance commitment, it will act against any identified wrongdoing or misconduct involving any individual or entity. To further strengthen EOH’s corporate governance, material public sector engagements and contracts will be subject to independent oversight by ENSafrica. This is in addition to the internal compliance measures adopted by the board’s Audit Committee in July this year, which includes a review of EOH’s governance framework and all material public sector contracts, which is well underway. Shareholders in EOH and other potential investors are advised to exercise caution when dealing in the securities of EOH until the financial impact of the sell-back transaction is announced. Johannesburg 11 December 2017 Sponsor Merchantec Capital Date: 11/12/2017 08:31:00 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.