Dealings in Securities Pursuant To The Conduit Capital Rights Offer CONDUIT CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number 1998/017351/06) Share code: CND ISIN: ZAE000073128 (“Conduit Capital”) DEALINGS IN SECURITIES PURSUANT TO THE CONDUIT CAPITAL RIGHTS OFFER Shareholders are advised that pursuant to the Conduit Capital Rights Offer, which closed on Friday, 8 December 2017, certain directors and associates of a director of Conduit Capital elected to follow their rights and accordingly, in compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed: Name of director: Mr SM Riskowitz Company: Conduit Capital Limited Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 8 December 2017 Price per security: R2.00 Number of securities: 1 655 977 Total value: R3 311 954.00 Name of director: Mr LE Louw Company: Conduit Capital Limited Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 8 December 2017 Price per security: R2.00 Number of securities: 20 000 Total value: R40 000.00 Name of director: Ms NR Xaba Company: Conduit Capital Limited Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 8 December 2017 Price per security: R2.00 Number of securities: 3 414 Total value: R6 828.00 Name of director: Mr AJ Maizey Company: Conduit Capital Limited Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 8 December 2017 Price per security: R2.00 Number of securities: 130 387 Total value: R260 774.00 Name of director: Mr WN Thorndike Jr. Company: Conduit Capital Limited Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 8 December 2017 Price per security: R2.00 Number of securities: 8 854 946 Total value: R17 709 892.00 Name of director: Mr VEC Von Widdern Company: Constantia Insurance Company Limited, a major subsidiary of Conduit Capital Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 8 December 2017 Price per security: R2.00 Number of securities: 44 534 Total value: R89 068.00 Name of director: Ms B Yan Company: Snowball Wealth Proprietary Limited, a major subsidiary of Conduit Capital Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 8 December 2017 Price per security: R2.00 Number of securities: 5 114 Total value: R10 228.00 Name of director: Mr TC Moodley Company: Constantia Insurance Company Limited and Snowball Wealth Proprietary Limited, both major subsidiaries of Conduit Capital Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 8 December 2017 Price per security: R2.00 Number of securities: 700 000 Total value: R1 400 000.00 Name of director: Mr TC Moodley Company: Constantia Insurance Company Limited and Snowball Wealth Proprietary Limited Name of associate: Liandi Moodley Relationship of director to associate: Wife of Mr TC Moodley Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Indirect non-beneficial Date of transaction: 8 December 2017 Price per security: R2.00 Number of securities: 18 500 Total value: R37 000.00 Name of director: Mr SM Riskowitz Company: Conduit Capital Limited Name of associate: Protea Asset Management LLC (“Protea”) for the benefit of accounts managed by Protea which, amongst others, includes Riskowitz Value Fund LP Relationship of director to associate: Managing Member Class of securities: Ordinary Nature of the transaction: Acquisition pursuant to the Conduit Capital Rights Offer Extent of director’s interest: Indirect non-beneficial Date of transaction: 8 December 2017 Price per security: R2.00 Number of securities: 153 387 186* Total value: R306 774 372.00 *Includes 128 551 112 rights offer shares taken up by the subscriber, Riskowitz Value Fund LP. Johannesburg 13 December 2017 Sponsor Merchantec Capital Date: 13/12/2017 12:15:00 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.