Notification in terms of section 122(3) of the Companies Act and Section 3.83(b) of the JSE Listings Requirements CALGRO M3 HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/027663/06) Share Code: CGR ISIN: ZAE000109203 ("Calgro M3" or "the Company") NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND SECTION 3.83(b) OF THE JSE LISTINGS REQUIREMENTS In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 as amended ("the Act"), and section 3.83(b) of the JSE Limited Listings Requirements, shareholders of ordinary shares in the Company are advised that Calgro M3 has received formal notification that clients of Allan Gray (Pty) Limited (“Allan Gray”) have, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by Allan Gray's clients now amounts to 5.0027% of the total issued ordinary shares of the Company. Calgro M3 hereby confirms that it has received the required notices from Allan Gray in terms of Section 122(1) of the Act and as required in terms of section 122(3)(a) of the Act, Calgro M3 has filed the required notices with the Takeover Regulation Panel. Johannesburg 9 October 2018 Sponsor: Grindrod Bank Limited Date: 09/10/2018 11:15:00 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.