Change in Function of Directors Conduit Capital Limited Incorporated in the Republic of South Africa (Registration number 1998/017351/06) Share code: CND ISIN: ZAE000073128 (“Conduit Capital” or “the Company”) CHANGE IN FUNCTION OF DIRECTORS Shareholders are referred to the announcements released on SENS on 24 March 2015 and 1 April 2015 wherein it was stated, inter alia, that Mr Sean Riskowitz had been appointed to the board of directors of Conduit Capital (“the Board”) as an executive director and that Mr Lourens Louw, the Financial Director of the company, had been appointed as acting Chief Executive Officer pending the identification and appointment of a new Chief Executive Officer. In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the Board hereby notifies its shareholders that, after following a comprehensive process, Mr Sean Riskowitz has been appointed as Chief Executive Officer of Conduit Capital with immediate effect. Mr Lourens Louw, who served as acting Chief Executive Officer pending the appointment of a permanent Chief Executive Officer, will resume his role as Financial Director of the Company with immediate effect. The Board would like to congratulate Mr Riskowitz on his appointment and looks forward to the strategic growth of the Company under his leadership. In addition, the Board would like to thank Mr Louw for his contribution to the Company during this period. Further detail about the Company’s growth initiatives will be communicated to shareholders in the forthcoming Integrated Annual Report for the 10 months to 30 June 2015, which will be released in September 2015. Johannesburg 16 July 2015 Sponsor Merchantec Capital Date: 16/07/2015 04:25:00 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.