Investment Analyst Communication PEREGRINE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/006026/06) Share code: PGR ISIN: ZAE000078127 (“Peregrine” or “the Company” or “the Group”) INVESTMENT ANALYST COMMUNICATION To ensure that there is equal dissemination of information relating to the Company, the Company considers it appropriate that guidance communicated by management to certain investment analysts be communicated to the market in terms of this announcement. Management of the Company communicated that, whilst actual audited results of the Company may differ as a result of a number of varied factors, management indicated that normalised headline earnings per share for the twelve months ended 31 March 2018 were forecast to be between 240 cps and 245 cps of which between 210 cps and 215 cps relate to the operating segments of the Group with the balance of 30 cps being attributable to the non-operating assets which were transferred to Sandown Capital Limited, the shares in which were unbundled to Peregrine’s shareholders with effect from 2 October 2017. The management’s guidance has not been reviewed or reported on by the Company’s board or its auditors. 5 April 2018 Sponsor Java Capital Joint sponsor Deloitte & Touche Sponsor Date: 05/04/2018 04:25:00 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.