Disposal of Property MASTER PLASTICS LIMITED Incorporated in the Republic of South Africa (Registration number 2016/323930/06) Share code: MAP ISIN: ZAE000242921 (“Master Plastics” or “the Company”) DISPOSAL OF PROPERTY 1. INTRODUCTION Shareholders are advised that Master Plastics has entered into an agreement with Shaw Almex Africa Proprietary Limited (“Shaw Almex”) in terms of which the Company will dispose of the property located at 22 Yaron Avenue, Lea Glen, Roodepoort, Gauteng (“the Property”) to Shaw Almex (“the Transaction”). 2. TRANSACTION RATIONALE The Property, which has been vacant for the last year, consists of 5,961 square meters of factory, warehouse and office space and is excess to the requirements of the Company. The Property is classified as held for sale in the financial accounts of the Company. 3. DETAILS OF SHAW ALMEX Shaw Almex is involved in the design and manufacture of conveyor belt vulcanizers, splicing tools and repair materials for conveyor belts. The ultimate beneficial shareholder of Shaw Almex is Shaw Almex Limited, head-quartered in Ontario, Canada. 4. PURCHASE CONSIDERATION AND ANTICIPATED EFFECTIVE DATE The purchase consideration of R12 000 000 (excluding VAT) will be settled in cash upon registration of the transfer of ownership in The Deeds Office which is expected to occur on or about Friday, 30 November 2018. 5. FINANCIAL INFORMATION The Property has a carrying value of R7 646 312 in the financial accounts of the Company. During the financial year ended 28 February 2018, the Property had an attributable turnover of R382 375 and loss before interest, taxation, depreciation and amortisation of R709 801. 6. CONDITIONS PRECEDENT The Transaction is subject to the raising of a mortgage bond by Shaw Almex over the Property. 7. PROCEEDS OF THE TRANSACTION The proceeds from the Transaction will be applied to reducing the existing borrowings of the Company. 8. CATEGORISATION OF THE TRANSACTION The Transaction is categorised as a category 2 transaction in terms of the JSE Listings Requirements and accordingly no shareholder approval is required. Johannesburg 25 September 2018 Designated Adviser Merchantec Capital Date: 25/09/2018 03:08:00 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.