Dealings In Securities by a Director 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” or “the Group”) DEALINGS IN SECURITIES BY A DIRECTOR As reported in the Company’s trading update published on 18 October 2018 and in the Company’s unaudited condensed consolidated interim results published on 22 October 2018, the Board, in conjunction with the participants therein, have resolved to cancel the Company’s Executive Share Incentive Scheme (“the Scheme”). In terms of the provisions of the cancellation agreements concluded with the participants of the Scheme, Calgro M3 Developments Limited, a wholly owned subsidiary of the Company, has repurchased 7 771 758 shares (“the Scheme Shares”) from participants of the Scheme at the initial issue price of the Scheme Shares of R4.08 per share. Calgro M3 Developments Limited will hold the repurchased Scheme Shares in treasury until further directions are given by the shareholders at the Company's next general meeting in 2019. Accordingly, in accordance with the requirements of paragraph 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings Requirements”), the following dealings in securities by directors should be noted: Name of company : Calgro M3 Holdings Limited Name of director : Willem Jakobus Lategan Class of securities : Ordinary shares in Calgro M3 Nature of transactions : An off-market sale of shares by Willem Jakobus Lategan to Calgro M3 Developments Limited Nature of interests : Direct beneficial Date of transaction : 31 October 2018 No of shares : 2 294 214 Transaction price : R4.08 per share Total value of transaction : R9 360 393.12 Name of company : Calgro M3 Holdings Limited Name of director : Wayne Williams Class of securities : Ordinary shares in Calgro M3 Nature of transactions : An off-market sale of shares by Wayne Williams to Calgro M3 Developments Limited Nature of interests : Direct beneficial Date of transaction : 31 October 2018 No of shares : 1 084 815 Transaction price : R4.08 per share Total value of transaction : R4 426 045.20 Name of company : Calgro M3 Holdings Limited Name of director : Willem Adolph Joubert Class of securities : Ordinary shares in Calgro M3 Nature of transactions : An off-market sale of shares by Willem Adolph Joubert to Calgro M3 Developments Limited Nature of interests : Direct beneficial Date of transaction : 31 October 2018 No of shares : 952 562 Transaction price : R4.08 per share Total value of transaction : R3 886 452.96 Name of company : Calgro M3 Holdings Limited Name of director : Manda Njongonkulu Nkuhlu Class of securities : Ordinary shares in Calgro M3 Nature of transactions : An off-market sale of shares by Manda Njongonkulu Nkuhlu to Calgro M3 Developments Limited Nature of interests : Direct beneficial Date of transaction : 31 October 2018 No of shares : 2 046 421 Transaction price : R4.08 per share Total value of transaction : R8 349 397.68 Clearance to trade has been obtained in terms of section 3.66 of the Listings Requirements. Johannesburg 2 November 2018 Sponsor Grindrod Bank Limited Date: 02/11/2018 09:20:00 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.