An Update On Fulfillment Of Remaining Conditions Precedent For The Disposal Of The European Shipping Business Imperial Logistics Limited (Incorporated in the Republic of South Africa) Registration number: 1946/021048/06 Share code: IPL ISIN: ZAE000067211 (“Imperial”) AN UPDATE ON FULFILLMENT OF REMAINING CONDITIONS PRECEDENT FOR THE DISPOSAL OF THE EUROPEAN SHIPPING BUSINESS Imperial shareholders (“Shareholders”) are referred to the announcement released on the Johannesburg Stock Exchange News Service (“SENS”) on Monday, 4 May 2020, in which they were advised that Imperial Logistics International B.V. & Co. KG, a wholly owned subsidiary of Imperial, had entered into an agreement with Häfen und Güterverkehr Köln AG, Cologne, Germany (“the Purchaser”) for the sale of its interest in its European shipping business to the Purchaser (“the Transaction”). Shareholders are also referred to the Results of General Meeting announcement released on SENS on 18 June 2020 which provided the full details of the results of General Meeting of Shareholders held for the purposes of approving the Transaction, and also details of the remaining conditions precedent. Shareholders are hereby advised that the following outstanding conditions precedent have now been fulfilled, namely – . approval of the applicable competition regulatory body approving the Transaction; and . approval of the Transaction by the Council of Stadt Köln (Rat der Stadt Köln) and the County Council of Rhein-Erft-Kreis (Kreistag). Accordingly, only the approval from the district government (Bezirksregierung), in Germany, remains outstanding. Shareholders will be notified in due course on the fulfilment of this remaining condition. Bedfordview 30 June 2020 South African Legal Advisor: Bowman Gilfillan Incorporated Transaction Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited International Financial Advisor: BNP Paribas S.A. Date: 30-06-2020 12:14:00 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.