Status of Registration of Schools PEMBURY LIFESTYLE GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/205899/06) (“PL Group” or “the Company”) ISIN Code: ZAE000222949 JSE Code: PEM STATUS OF REGISTRATION OF SCHOOLS Following the publication of the interim results where it was noted that certain schools still had not been registered with the Gauteng Department of Education (“GDE”), the Board of Directors can confirm that the schools have either been registered with the GDE or the registration has been submitted as below: SCHOOL REGISTRATION STATUS STATUS/DATE OF SUBMISSION PLG Hartbeespoort The school is registered with the North West Province Registered Department of Education under registration number 600105380. PLG Mellow Oaks The school is registered with the GDE under Registered registration number 700400907. PLG Springs The school is registered with the GDE under Registered registration number 700400949. PLG Willow View The school is registered with the GDE under Registered registration number 700400825. PLG Northriding The school is registered with the GDE under Registered registration number 700400898. PLG Raslouw The registration file has been accepted by the Submitted on Gauteng Department of Education 04/02/2019 PLG Allens View The registration file has been accepted by the GDE. Submitted on However, after an assessment of the long-term 29/03/2019 viability of the school, a decision has been taken to close this school at the end of 2019. PLG Greenhills The registration file has been accepted for Submitted on provisional registration by the GDE. 04/03/2019 PLG Midview The registration file has been accepted for Submitted on provisional registration by the GDE. However, after 23/10/2018 an assessment of the long-term viability of the school, a decision has been taken to close this school at the end of 2019. PLG Carlswald The registration file has been accepted by the GDE. Submitted on 23/10/2018 PLG Sanrock The registration file was submitted to the Limpopo Submitted during Education Department and the registration required 2019 the property to be rezoned, which rezoning was received on 21 November 2019. However, the Limpopo Education Department has indicated that their paperwork has changed and the Company is waiting for the new details. Once the file is submitted again, the Education Department will make a scheduled visit to the school to assess and give input on any area that they feel needs attention prior to awarding the registration number. Shareholders should take note that the school registration process is open from January to April each year. Whilst the South African Schools’ Act requires a school to be registered before it is opened, the Department of Education requires the provincial department to, inter alia, assess the school’s operations, which includes assessing the teaching staff. This presents an inherent conflict in practice. Shareholders are also advised that the process and requirements of the Department of Education approval has changed over the past couple of years, which now includes zoning, amongst other matters. The changes to the registration requirements are an industry issue. Shareholders are also advised that the headmasters of all the various schools (registered or pending registration) attend the quarterly GDE meetings. The GDE also conducts regular school inspections and the remaining items to get the schools registered are being addressed in accordance with the requirements of the GDE. The headmaster of PLG Sanrock is also in regular communication with the Limpopo Education Department. The Company will be submitting the outstanding documentation in the open period commencing from January 2020 and expects to finalise the registration of PLG Carlswald, PLG Greenhills, PLG Raslouw and PLG Sanrock by April 2020. The Board also advises that Umalusi registration is only required for matriculants to write examinations on site and register as an exam centre. The Company received confirmation that Green Status had been awarded for the three schools which applied for Umalusi registration, as previously announced. It is important to note that the going concern assumption partly relies on the registration of the remaining 4 schools as detailed in the interim results announcement. However, the Company continues to work constructively with the respective Departments of Education and complies with all the regular requirements during the year as mentioned earlier. There has been no indication that registration of the remainder of the schools will not be achieved by April 2020 and a further announcement will be made on or before 30 April 2020 in this regard. By order of the board Johannesburg 18 December 2019 Designated Advisor Arbor Capital Sponsors Date: 19-12-2019 01:43:00 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.