Dealings in securities by directors and associates of directors 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 DIRECTORS AND ASSOCIATES OF DIRECTORS 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 and an associate of a director should be noted: Name of director : Willem Adolph Joubert Name of Associate : Zipzoe Trust Director’s relationship with Associate : Mr Joubert is a trustee of the Zipzoe Trust Name of company of which he is a director : Calgro M3 Holdings Limited Status : Executive Director Class of securities : Ordinary shares Nature of transactions : An off-market purchase of shares by the Zipzoe Trust Nature of interests : Indirect beneficial Date of transaction : 29 July 2019 No of shares : 50 000 Transaction price : R4.77 per share Total value of transaction : R238 500.00 Name of director : Willem Jakobus Lategan Name of company of which he : Calgro M3 Holdings Limited is a director Status : Executive Director Class of securities : Ordinary shares Nature of transactions : An off-market purchase of shares Nature of interests : Direct beneficial Date of transaction : 29 July 2019 No of shares : 100 000 Transaction price : R4.40 per share Total value of transaction : R440 000.00 Date of transaction : 29 July 2019 No of shares : 20 000 Transaction price : R5.40 per share Total value of transaction : R108 000.00 Date of transaction : 29 July 2019 No of shares : 10 000 Transaction price : R5.10 per share Total value of transaction : R51 000.00 Clearance to trade has been obtained in terms of section 3.66 of the Listings Requirements. Johannesburg 31 July 2019 Sponsor Grindrod Bank Limited Date: 31/07/2019 11:15:00 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.