Fulfillment of Outstanding Suspensive Condition and Finalisation Announcement MICROmega HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/003821/06) Share code: MMG ISIN: ZAE000034435 (“MICROmega” or “the Company”) FULFILLMENT OF OUTSTANDING SUSPENSIVE CONDITION AND FINALISATION ANNOUNCEMENT Shareholders are referred to the announcements released on SENS on 13 October 2017 and 20 February 2018 and the circular distributed to shareholders on 18 January 2018 (“Circular”). Terms defined in the Circular shall, unless otherwise stated, bear the same meaning in this announcement. Shareholders are advised that, the Suspensive Condition contained in paragraph 3.5.3 of the Circular, as set out below, was timeously fulfilled on 15 March 2018: to the extent necessary, the approval of the Disposal and any other transactions set out in the transaction structuring memorandum prepared by PricewaterhouseCoopers dated 5 October 2017 by the Financial Surveillance Department of the South African Reserve Bank. To the extent that such approval is subject to any condition, this Suspensive Condition will only be deemed to have been fulfilled if each of the parties adversely affected by such condition, acting reasonably and in good faith, agrees in writing to accept such condition within five business days of being notified of such conditional approval. Accordingly, all Suspensive Conditions have been fulfilled. Johannesburg 20 March 2018 Corporate Adviser and Sponsor to MICROmega Merchantec Capital Date: 20/03/2018 03:15:00 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.