Change in auditor due to merger of audit firms PBT Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1936/008278/06) JSE Share code: PBG ISIN: ZAE000227781 ("PBT Group" or "the Company") CHANGE IN AUDITOR DUE TO MERGER OF AUDIT FIRMS Shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that the Company has been informed that there has been a change of network firm from Grant Thornton Cape Inc. to BDO. The designated audit partner has remained unchanged. The change in audit firm, which is effective 1 March 2018, was initiated by the audit firm following the merger of BDO South Africa and Grant Thornton Cape Town. The PBT Group will in due course follow the process detailed in paragraph 3.84(g)(iii) of the JSE Listings Requirements relating to BDO. This process will be completed before the audit firm signs its next audit report. It is important to note, that whilst the designated audit partner has remain unchanged, the Audit and Risk Committee of the PBT Group must request and consider the separate information about the receiving audit firm, as the PBT Group are deemed to be appointing BDO for the first time. Cape Town 2 March 2017 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 02/03/2018 02:20:00 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.