Directors Dealings in Tsogo Sun Securities Tsogo Sun Holdings Limited (Incorporated in South Africa) Registration number: 1989/002108/06 Share code: TSH ISIN: ZAE000156238 (“Tsogo Sun” or “the Company”) DIRECTORS DEALINGS IN TSOGO SUN SECURITIES Shareholders are referred to the last SENS announcement released by Tsogo on Wednesday, 17 January 2018 relating to Tsogo’s acquisition of the shares in Niveus Invest 19 Limited (“Gameco”) the holding company of certain gaming businesses in the Niveus Investments Limited group, including the Offer to Gameco Minorities (“the Transaction”). Pursuant to Rules 3.6.3 to 3.7.4 of the JSE Listings Requirements, the following information is disclosed: Director: Mr JA Copelyn Company Tsogo Sun Holdings Limited Transaction Date The Closing Date was 29 December 2017 Nature of transaction Shares acquired pursuant to the Transaction Number of shares 1 806 061 Class of shares Ordinary Total value of transaction R37 511 886 VWAP per share R20.77 Nature of transaction Part share for share transaction pursuant to the Transaction Nature of interest Indirect beneficial Clearance Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements Fourways 22 January 2018 Corporate advisor and transaction sponsor to Tsogo Investec Bank Limited Date: 22/01/2018 11:45:00 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.