Voluntary update on the progress on legal matters Unicorn Capital Partners Limited Incorporated in the Republic of South Africa (Registration number 1992/001973/06) Share code: UCP ISIN: ZAE000244745 (“Unicorn” or “the Company”) Previously known as Sentula Mining Limited VOLUNTARY UPDATE ON THE PROGRESS ON LEGAL MATTERS Shareholders are referred to the SENS announcement dated 5 April 2013 on “Progress on Legal Matters” and the subsequent report contained in the paragraph entitled “Casper Scharrighuisen” (“Scharrighuisen”) incorporated in the Company’s Unaudited Condensed Consolidated Financial Results for the Six Months Ended 31 December 2017 released on SENS on 28 March 2017 wherein, inter alia, the following was stated: “Megacube and the Trustees of the insolvent estate of Mr Casper Scharrighuisen (“Scharrighuisen”), a former director, have instituted legal proceedings against Scharrighuisen and related entities in the Netherlands, the British Virgin Islands and Curacao in ongoing attempts to locate and secure Scharrighuisen's assets. Megacube currently has two judgments against Scharrighuisen, in excess of R383m, both of which remain unsatisfied.” On 12 December 2017, the Joint Court of Justice of Aruba, Curaçao, Saint Martin and of Bonaire, Sint Eustatius and Saba (“Curaçao Appeal Court”) handed down judgment in favour of the Trustees of the insolvent estate of Scharrighuisen (“Trustees”) in respect of litigation instituted by the Trustees against entities responsible for the management and administration of an offshore structure created by Scharrighuisen. The Curaçao Appeal Court judgment is subject to a further appeal to the Supreme Court of the Netherlands. The litigation was instituted by the Trustees pursuant to their discovery of the offshore structure, in respect of which Scharrighuisen was the ultimate beneficial owner. The effect of the Curaçao Appeal Court judgment was that the Trustees were permitted to exercise control over Scharrighuisen’s offshore structure. The Trustees have since taken steps to take control of the structure’s holding entity and a subsidiary company, including its assets and the subsidiary’s claims against third parties. The Trustees have obtained independent valuations of the identified assets, situated in the Netherlands, which are estimated to be valued at approximately EUR one million. The Trustees are currently investigating the extent of the subsidiary’s claims. The Trustees intend to realise these assets and pursue these claims for the benefit of Scharrighuisen’s creditor, Megacube Mining Proprietary Limited, a wholly-owned subsidiary of the Company. Shareholders should note that an insolvency enquiry into Scharrighuisen’s insolvent estate in terms of section 152 of the Insolvency Act, 24 of 1936 remains ongoing. Any recoveries that the Trustees may make are contingent on a number of uncertain factors. Shareholders are advised further that the identification of significant further assets and claims is required in order to extinguish Megacube’s significant claims against Scharrighuisen. By order of the board Johannesburg 28 May 2018 Sponsor Questco Corporate Advisory Proprietary Limited Date: 28/05/2018 12:15:00 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.