Change Statement NUTRITIONAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2004/002282/06) Share code: NUT ISIN: ZAE000156485 (“NUT” OR “the Company”) CHANGE STATEMENT Shareholders of the Company (“Shareholders”) are hereby referred to the announcement released on SENS on 29 June 2018 wherein the Company advised that the Company’s integrated annual report (“Integrated Report”), incorporating the full audited consolidated annual financial statements of the Company for the year ended 28 February 2018 (“Annual Financial Statements”) and the notice of the annual general meeting of the Company (“AGM”) contained no modifications to the results which were announced on SENS on 30 May 2018 (“SENS Announcement”). Shareholders are hereby advised of the following modifications between the Annual Financial Statements and the SENS Announcement: 1. On the Statement of Financial Position the Deferred tax asset and Deferred tax liability were different due to an allocation error between the Asset and Liability: SENS Integrated Announcement Report Difference R'000 R'000 R'000 Deferred tax asset 5,568 5,424 144 Deferred tax liability (5,568) (5,424) (144) Net deferred tax balance - - - 2. On the Statement of Cash flows the disclosure on the disposal of the subsidiary needed to be amended in the Integrated Report. The difference in disclosure is as follows: SENS Integrated Announcement Report Difference R'000 R'000 R'000 Disposal of Subsidiary 2,771 287 2,484 Cash flow from operating activities (5,905) (3,421) (2,484) Combined cash flow effect (3,134) (3,134) - Johannesburg 10 July 2018 Designated Advisor PSG Capital Date: 10/07/2018 07:15:00 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.