Dealings In HPLR Shares HOSKEN PASSENGER LOGISTICS AND RAIL LIMITED (Previously Niveus Invest 17 Proprietary Limited) (Incorporated in the Republic of South Africa) Registration number: 2015/250356/06 Share code: HPR ISIN: ZAE000255907 (“HPLR” or the “Company”) DEALINGS IN HPLR SHARES In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed: 1. NAME OF DIRECTOR TG Govender COMPANY OF WHICH A DIRECTOR Hosken Passenger Logistics and Rail Limited STATUS: EXECUTIVE/NON- Non-executive EXECUTIVE TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary NATURE OF TRANSACTION HPLR shares acquired under an unbundling by way of a distribution in specie of HPLR shares by Niveus Investments Limited (“Niveus”) to all its shareholders pro rata to their shareholding, as detailed in HPLR’s pre- listing statement dated 15 March 2018 (off- market transaction) DATE OF TRANSACTION 30 April 2018 CENTS PER SHARE 778 (being the value per HPLR share applied in determining the dividends tax and STT payable in respect of the above distribution, as announced by Niveus on SENS on 26 April 2018) NUMBER OF SECURITIES 111 407 TRANSACTED TOTAL RAND VALUE OF SECURITIES R866 746.46 NATURE AND EXTENT OF INTEREST Direct, beneficial IN THE TRANSACTION 2. NAME OF DIRECTOR TG Govender COMPANY OF WHICH A DIRECTOR Hosken Passenger Logistics and Rail Limited STATUS: EXECUTIVE/NON- Non-executive EXECUTIVE TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary NATURE OF TRANSACTION HPLR shares acquired by an associate under an unbundling by way of a distribution in specie of HPLR shares by Niveus to all its shareholders pro rata to their shareholding, as detailed in HPLR’s pre-listing statement dated 15 March 2018 (off-market transaction) DATE OF TRANSACTION 30 April 2018 CENTS PER SHARE 778 (being the value per HPLR share applied in determining the dividends tax and STT payable in respect of the above distribution, as announced by Niveus on SENS on 26 April 2018) NUMBER OF SECURITIES 834 015 TRANSACTED TOTAL RAND VALUE OF SECURITIES R6 488 636.70 NAME OF ASSOCIATE Majorshelf 183 Proprietary Limited RELATIONSHIP WITH DIRECTORS The director’s immediate family are indirect beneficial shareholders in the associate NATURE AND EXTENT OF INTEREST Indirect, beneficial IN THE TRANSACTION Clearance for the above dealings was obtained, to the extent applicable, for purposes of paragraph 3.66 of the JSE Listings Requirements. Cape Town 3 May 2018 Sponsor PSG Capital Date: 03/05/2018 11:25:00 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.