Change in audit firm due to merger CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1947/026616/06) Share code: CAT ISIN: ZAE000043345 Preference share code: CATP ISIN: ZAE000043352 (“the company”) CHANGE IN AUDIT FIRM DUE TO MERGER Shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that the company has been informed by its audit firm, Grant Thornton Johannesburg Partnership, that there has been a change in its network firm membership from Grant Thornton to BDO. The change was initiated by the audit firm following the merger of the Grant Thornton Johannesburg Partnership with BDO South Africa Inc, effective 1 December 2018. Accordingly, the audit firm of the company is now BDO South Africa Inc and the designated audit partner has remained unchanged. The company will in due course follow the process detailed in paragraph 3.84(g)(iii) of the JSE Listings Requirements relating to BDO. This process will be completed before the audit firm signs its next audit report. It is important to note, that whilst the designated audit partner has remained unchanged, the Audit and Risk Committee of the company will request and consider the separate information about the receiving audit firm, as the company is deemed to be appointing BDO for the first time. By order of the board. Johannesburg 3 December 2018 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 03/12/2018 01:26:00 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.