ACSA Changes to the Board - BIACSA Airports Company South Africa SOC Limited (Incorporated in the Republic of South Africa) (Registration number 1993/004149/30) AIR01 ZAG000038084 AIR02 ZAG000052838 AIR04 ZAG000116369 AIR05 ZAG000116351 AIRL01 ZAG000052846 (“ACSA”) or (“the Company”) Board Changes Noteholders are advised that ACSA confirms the resignations of two non-executive directors, Mr S Simelane and Mr S Mabela. The resignations were tendered to the majority shareholder, the Department of Transport, which appoints directors. The remaining non-executive directors are Deon Botha (acting Chairman) and Kate Matlou, with Bongani Maseko as the executive director. The Board thus consists of 3 (three) Directors, of which the majority are non-executive directors. The acting CFO, Dirk Kunz is not a duly appointed member of the board. Noteholders are also assured that this matter is receiving urgent attention at the highest levels of the shareholder in terms of appointing new non-executive directors, as such the Minister will make an announcement in this regard. Lastly, the overall governance processes of ACSA are intact and functioning as intended. In addition, the day-to-day operations of the Company continue as normal under the direction of the directors. Johannesburg 24 April 2018 Kea.Sape@standardbank.co.za Debt Sponsor The Standard Bank of South Africa Limited Date: 24/04/2018 05:18:00 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.