Acquisition of Securities Cargo Carriers Limited Incorporated in the Republic of South Africa (Registration Number 1959/003254/06) Share code: CRG ISIN: ZAE000001764 ("Cargo " or "the Company") ACQUISITION OF SECURITIES Shareholders are referred to the Finalisation Announcement regarding the Scheme of Arrangement (“Scheme”) in terms of section 114 of the Companies Act 71 of 2008, as amended (“Companies Act”) and paragraph 1.17(b) of the Listings Requirements of the JSE Limited (“JSE”) proposed by the board of directors of Cargo between Cargo and the holders of the ordinary shares of Cargo (“Cargo Share(s)”) not already held by Cargo Carriers Holdings (Pty) Ltd (“CCH”), excluding the Cargo Shares held by New Seasons Equity Fund Proprietary Limited, treasury shares and any Cargo Shares held by persons related to CCH (“Excluded Shareholders”). In accordance with section 122(3)(b) of the Companies Act and section 3.83 of the JSE Listings Requirements, shareholders are hereby advised that the Company has received notification in the prescribed form that CCH has acquired an interest in the securities of the Company such that the total interest in the securities of the Company held by CCH has increased to 82.69% of the total issued share capital of the Company. Collectively, CCH and the Excluded Shareholders hold 100% of the issued share capital of the Company. As required in terms of section 122(3)(a) of the Companies Act, the Company will file the required notices with the Takeover Regulation Panel. Johannesburg 21 January 2019 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 21/01/2019 05:33:00 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.