Strategic Acquisition and Renewal of Cautionary SANTOVA LIMITED (Registration Number: 1998/018118/06) ("Santova") Share Code: SNV ISIN: ZAE000159711 STRATEGIC ACQUISITION OF ASM LOGISTICS (S) PTE. LIMITED, SINGAPORE AND RENEWAL OF CAUTIONARY INTRODUCTION The Board of Santova is pleased to announce that Santova has acquired 100% of the share capital in ASM Logistics (S) Pte. Limited (“ASM Logistics”), a company based in Singapore from the founding shareholder who is an independent third party. RATIONALE ASM Logistics is a non-asset-based supply chain logistic company, incorporated in Singapore in 2009, with operational activities in Singapore, Hong Kong, Indonesia, Malaysia, Thailand and Vietnam. The acquisition of ASM Logistics allows Santova to further entrench itself in Asia, expand its global presence and to have better control of the supply chain end-to-end. The strategic location of Singapore provides Santova with a platform to share in the growth of South East Asia, a fast-growing economic region. CONSIDERATION AND CATEGORISATION The total maximum purchase consideration for ASM Logistics is less than 5% of the company’s market capitalisation and is thus neither a category 1 nor a category 2 transaction in terms of the JSE Listings Requirements. The board, however, considers it prudent to inform shareholders of this strategic acquisition for Santova. The effective date of the acquisition will be 2 August 2018, all conditions precedent have been fulfilled and the purchase price will be settled fully in cash from existing cash resources. The acquisition is expected to have a positive impact on the Group’s results, however the full effects of this will only be felt in future financial periods and will not materially affect the Group’s results for the 2019 financial year end. CAUTIONARY ANNOUCEMENT Shareholders are advised that whilst this transaction formed a part of the cautionary announcement issued on SENS dated 16 July 2018, negotiations in respect of the primary transaction referred to in the cautionary announcement are ongoing. Shareholders are accordingly advised to continue to exercise caution when dealing in their shares until a further announcement in this regard is made. 2 August 2018 Durban Sponsor and Corporate Advisor River Group Date: 02/08/2018 03:35:00 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.