Changes to the Board of Directors TREMATON CAPITAL INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1997/008691/06) JSE share code: TMT ISIN: ZAE000013991 (“Trematon” or the “Company”) Changes to the Board of Directors In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, Trematon wishes to make the following announcement regarding changes to the Company’s board of directors (“the Board”): Shareholders are advised of the appointment of Mr Robin Lockhart-Ross, as an Independent Non-Executive Director and Mr Keith Getz as a Non-executive Director with effect from 3 December 2018. A short biography of Mr Lockhart-Ross and Mr Getz is provided below: Mr Lockhart-Ross is a qualified chartered accountant with over 30 years of corporate experience. He spent the last 19 years at BOE and Nedbank Limited and held the position of Divisional Managing Executive in the Property Finance Division until his retirement this year. Current directorships include Fortress REIT Limited. Mr Lockhart-Ross will serve on the Audit & Risk committee, Remuneration committee and Investment committee. Mr Getz is a practicing attorney since 1980 practicing principally in the areas of takeovers and mergers, private equity, stock exchange, corporate restructuring, regulatory compliance, franchising and generally advising corporate clients nationally and internationally on corporate and commercial matters. Directorships include Mr Price Group Limited, Spur Corporation Limited and Strate (Pty) Limited. Mr Getz will serve on the Remuneration committee, Investment committee and Social & Ethics committee. The Board welcomes Messrs Lockhart-Ross and Getz and wishes them all the best in their new roles. 3 December 2018 Sponsor Sasfin Capital A member of the Sasfin Group Date: 03/12/2018 10:30:00 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.