Voluntary joint announcement pertaining to an update on the restructure of Tradehold’s non-property businesses Tradehold Limited VestIN Holdings Limited (Registration number: 1970/009054/06) (Registration number: 47305) Incorporated in the Republic of South Africa Incorporated in Bermuda JSE Share code: TDH ISIN: ZAE000152658 ‘A’ Ordinary Share Code: VIN ("Tradehold" or "the Group") ISIN: BMG934031060 (“VestIN”) VOLUNTARY JOINT ANNOUNCEMENT PERTAINING TO AN UPDATE ON THE RESTRUCTURE OF TRADEHOLD’S NON-PROPERTY BUSINESSES 1. Introduction Tradehold and VestIN shareholders (“Shareholders”) are referred to the announcement released in Bermuda and on SENS on 28 November 2017 in which Tradehold advised that the reorganisation of its group through the separation of its property interests from its non-property interests (“the Restructure”) had been delayed due to the non-fulfillment of the remaining condition precedent. 2. Update on the Restructure Pursuant to the above, Shareholders are advised that the Restructure will proceed but that VestIN will no longer be the entity through which the Restructure will be effected. 3. Proposed effective date Tradehold shareholders are advised that the revised details of the Restructure, including all conditions precedent, will be announced in due course and that it is anticipated that the Restructure will be effective on or about 1 March 2018. Cape Town 9 January 2018 JSE Sponsor to Tradehold Mettle Corporate Finance Proprietary Limited Sponsor to VestIN in Bermuda Global Custody and Clearing Limited (LOM Financial Limited) Joint financial Advisors Rand Merchant Bank, a division of FirstRand Bank Limited Mettle Corporate Finance Proprietary Limited Attorneys Cliffe Dekker Hofmeyr Inc. Date: 09/01/2018 05:40:00 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.