Notification in terms of section 122(3) of the Companies Act and section 3.83(B) of the JSE Listings Requirements SABVEST LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/003753/06) Share code: SBV – ordinary shares / SVN – ‘N’ ordinary shares ISIN: ZAE000006417 – ordinary shares / ISIN: ZAE000012043 – ‘N’ ordinary shares ("Sabvest” or “the Company”) NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND SECTION 3.83(B) OF THE JSE LISTINGS REQUIREMENTS In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 (“the Act”), and section 3.83(b) of the JSE Listings Requirements, holders of ordinary and N ordinary shares in the Company are advised that Eric Ellerine Trust Pty Ltd (“Ellerine Trust”) acquired a beneficial interest in Sabvest’s N ordinary shares, such that its beneficial interest amounts to 10,0419% of the total number of N ordinary shares in issue. Ellerine Trust accordingly holds a 10,0419% interest in the N ordinary issued shares of Sabvest. Sabvest hereby confirms that it has received the required notices in terms of section 122(3)(a) of the Act, and that it has filed the required notices with the Takeover Regulation Panel. Sandton 21 August 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 21/08/2018 12:59:00 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.