Dealings In Zeder Shares By An Associate Of A Director ZEDER INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) Registration number: 2006/019240/06 Share code: ZED ISIN code: ZAE000088431 (“Zeder”) DEALINGS IN ZEDER SHARES BY AN ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the dealing in securities is disclosed: NAME OF DIRECTOR N Celliers COMPANY OF WHICH A DIRECTOR Zeder Investments Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Acquisition of shares by an associate of the director (on-market transaction) DATE OF TRANSACTION 18 June 2018 PRICE PER SECURITY High: 585 cents Low: 578 cents Average: 583 cents NUMBER OF SECURITIES TRANSACTED 87,385 TOTAL RAND VALUE OF SECURITIES R509,738.59 TRANSACTED NAME OF ASSOCIATE Namron Investments Proprietary Limited RELATIONSHIP WITH DIRECTOR Director is a director of the associate and a trustee and beneficiary of the shareholder of the associate NATURE AND EXTENT OF INTEREST IN Indirect, beneficial THE TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Stellenbosch 19 June 2018 Sponsor PSG Capital Date: 19/06/2018 12:25:00 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.