Substantial implementation of business rescue plan and resignation of directors MASONITE (AFRICA) LIMITED REGISTRATION NUMBER : 1942/015502/06 SHARE CODE : MAS ISIN : ZAE000004289 (“MASONITE” OR “THE COMPANY”) (UNDER SUPERVISION) SUBSTANTIAL IMPLEMENTATION OF BUSINESS RESCUE PLAN AND RESIGNATION OF DIRECTORS The Business Rescue Plan adopted by the Creditors and Shareholders on the 19th of May 2016 has been substantially implemented as provided for in terms of the Business Rescue Plan and in terms of Section 152(8) of the Companies Act 71 of 2008. A Notice of Substantial Implementation of a Business Rescue Plan was filed and accepted by the Companies and Intellectual Property Commission (CIPC) on the 11th August 2016. The business rescue proceedings ended with the filing of the Notice in terms of Section 132(2)(c)ii of the Companies Act. In accordance with the business rescue transaction, the following directors resigned simultaneously with the filing of the Substantial Implementation Notice : 1) Willem Coetzee 2) Glenwood Coulter 3) Robert Lewis 4) Malcolm Leitch 5) Naran Maharaj 6) Lawrence Peter Repar 7) Christopher Andrew Virostek Hilton Loring remains as the sole director of the Company. PIERRE DE VILLIERS BERRANGÉ SENIOR BUSINESS RESCUE PRACTITIONER 12 August 2016 Sponsor Nedbank Corporate and Investment Bank Date: 12/08/2016 10:10:00 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.