Dealings in Securities by Director and Associate of Director CONDUIT CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number 1998/017351/06) Share code: CND ISIN: ZAE000073128 DEALINGS IN SECURITIES BY DIRECTOR AND ASSOCIATE OF DIRECTOR In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed: Name of director: Mr Sean Riskowitz Company: Conduit Capital Limited Name of associate: Protea Asset Management LLC (“Protea”), for the benefit of accounts managed by Protea Relationship of director to associate: Managing Member Type of securities: Shares Class of securities: Ordinary Nature of the transaction: On market sale Extent of director’s interest: Indirect non-beneficial Date of transaction: 11 December 2017 Price per security: R2.10 Number of securities: 12 148 126 Total value: R25 511 064.60 Name of director: Mr William N Thorndike Company: Conduit Capital Limited Type of securities: Shares Class of securities: Ordinary Nature of the transaction: On market purchase Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 11 December 2017 Price per security: R2.10 Number of securities: 12 000 000 Total value: R25 200 000.00 Johannesburg 13 December 2017 Sponsor Merchantec Capital Date: 13/12/2017 05:26:00 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.