Update announcement in relation to the posting of the circular ASTORIA INVESTMENTS LTD (Incorporated in the Republic of Mauritius) (Registration number 1297585 C1/GBL) SEM share code: ATIL.N0000 JSE share code: ARA NSX share code: ARO ISIN: MU0499N00007 ("Astoria" or "the company") UPDATE IN RELATION TO THE POSTING OF THE CIRCULAR IN RELATION TO THE PROPOSED CAPITAL PAYMENT AND TERMINATION OF INVESTMENT MANAGEMENT AGREEMENT On Friday, 18 January 2019, Astoria released an announcement in terms of which the company's shareholders were advised that the circular was to be issued on Friday, 8 February 2019. It is expected that the circular will be issued to shareholders on or about Friday, 15 February 2019 with the general meeting anticipated to be held on or about Wednesday, 20 March 2019. The dates and times above are subject to change as may be agreed by the company and approved by the JSE and SEM. Any changes will be announced on SENS. Astoria has primary listings on the Stock Exchange of Mauritius and the Alternative Exchange of the JSE, and a secondary listing on the main board of the Namibian Stock Exchange. This notice is issued pursuant to SEM Listing Rules 11.3 and 11.17, and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The Board accepts full responsibility for the accuracy of the information contained in this announcement. 8 February 2019 Joint corporate advisor and JSE designated advisor Java Capital NSX sponsor Namibia Equity Brokers Joint corporate advisor and Mauritian company administrator Osiris International Group Date: 08/02/2019 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.