Renewal of cautionary announcement STELLAR CAPITAL PARTNERS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/015580/06) Share code: SCP ISIN: ZAE000198586 ("Stellar Capital" or the "Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the renewal of cautionary announcement released on the Stock Exchange News Service on 5 May 2021 and are advised that the Stellar Capital Board continues to evaluate the following remaining strategic proposals, after finalising and implementing the Manco Internalisation in April 2021: 1) addressing the empowerment status of the Company and its investee businesses; 2) evaluating Stellar Capital’s continued JSE listing; 3) assessing the optimal deployment of available cash resources in line with the current, or a renewed, strategic direction; and 4) considering other alternatives which would assist in the narrowing of the discount between the reported NAV per share and the share price of the Company. The advancement of any, or a combination, of the above remaining proposals may have a material effect on the price of Stellar Capital’s securities and, accordingly, shareholders are advised to continue to exercise caution when dealing in Stellar Capital’s securities until either a further announcement is made or this cautionary announcement is withdrawn. Cape Town 17 June 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 17-06-2021 09:30:00 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.