Cautionary announcement STELLAR CAPITAL PARTNERS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/015580/06) Share code: SCP ISIN: ZAE000198586 (“Stellar Capital” or “the company”) CAUTIONARY ANNOUNCEMENT Shareholders are advised that Stellar Capital has received a number of unsolicited expressions of interest to acquire Amalgamated Electronic Corporation Limited (“Amecor”) and has decided to undertake a formal disposal process to dispose of its interest in Amecor. Amecor is the largest supplier of security communication equipment and networks in the South African market. In addition, Stellar Capital is party to negotiations with an empowered entity to invest in Prescient Holdings (Pty) Ltd (“Prescient”) to further improve the B-BBEE status of Prescient. The transaction, if successfully concluded, will result in Prescient becoming black-controlled. The anticipated transaction will result in a dilution of Stellar Capital’s shareholding in Prescient. These negotiations, if successfully concluded, may have a material effect on the price at which Stellar Capital shares trade. Accordingly, shareholders are advised to exercise caution when dealing in the company's shares until a further announcement is made. Cape Town 18 June 2018 Sponsor and financial advisor to the Amecor disposal RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/06/2018 08:00:00 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.