Special dividend declaration SABVEST LIMITED (Incorporated in the Republic of South Africa) Registration number 1987/003753/06 ISIN: ZAE000006417 Ordinary shares ISIN: ZAE000012043 N Ordinary shares (“Sabvest” or “the Company”) SPECIAL DIVIDEND DECLARATION Notice is hereby given that a special gross dividend of 100 cents per ordinary and “N” ordinary share has been declared out of income reserves. The group’s high cash balances resulting from the dividends received pursuant to the sale of an investee company’s subsidiary, is the basis of the board’s decision to declare this dividend. The special dividend has been approved by the Financial Surveillance Department of the South African Reserve Bank. The issued share capital of the company at the declaration date is 17 076 804 ordinary and 28 883 000 “N” ordinary shares. The income tax number of the company is 9375/105/716. The special dividend is a dividend defined in the Income Tax Act, 1962, and a dividend withholding tax at a rate of 20% will be deducted for all shareholders who are not exempt in terms of the legislation. This will result in a final net cash dividend of 80 cents per ordinary and “N” ordinary share to non-exempt shareholders. Last date to trade “CUM” dividend Tuesday, 13 February 2018 Trading “EX” dividend commences Wednesday, 14 February 2018 Record date Friday, 16 February 2018 Dividend payment date Monday, 19 February 2018 No dematerialisation or rematerialisation of share certificates will be allowed during the period Wednesday, 14 February 2018 to Friday, 16 February 2018. Sandton 30 January 2018 Financial adviser and sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 30/01/2018 12:25:00 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.