Change to the Board of Directors VISUAL INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/030975/06) (“the Company”) ISIN Code: ZAE000187407 Share code: VIS CHANGE TO THE BOARD OF DIRECTORS In compliance with section 3.59(a) of the Listings Requirements of the JSE, shareholders are advised of the appointment of Mr Enoch Godongwana as a non-executive director with immediate effect. Mr Godongwana holds a Master of Science (Financial Economics) degree from the University of London. From October 1993 to May 1997 he was the General Secretary of the National Union of Metal Workers of South Africa. He held the position of National Deputy Minister of Public Enterprise from May 2009 to October 2010, and then the position of National Deputy Minister of Economic Development from October 2010 to February 2012. Mr Godongwana is the chairperson of the Economic Transformation sub-committee of the ANC’s National Executive. He was involved with the negotiations regarding the Labour Relations Act and was part of the team that instituted fiscal reforms in South Africa post- 1994, including the Public Finance Management Act. Mr Godongwana is currently a director of Isivuno Consulting. The Board welcomes Mr Godongwana and looks forward to his contribution to the Company. Cape Town 5 March 2018 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 05/03/2018 09:57:00 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.