Update regarding directive from acting minister of Enviromental Affais: FG Landfill site Interwaste Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2006/037223/06) JSE code: IWE ISIN: ZAE000097903 (“Interwaste” or “the Company”) UPDATE REGARDING DIRECTIVE FROM ACTING MINISTER OF ENVIRONMENTAL AFFAIRS: FG LANDFILL SITE Interwaste received a directive from the Acting Minister of Environmental Affairs to cease the disposal of waste at the FG Landfill site until such time as certain directives pertaining to the management of the landfill have been implemented. Interwaste notes that a number of the requirements in the directive have already been implemented prior to the issuing of this directive on a voluntary basis. Notwithstanding this, after considering its options and risks from an operational, legal and financial perspective, Interwaste has decided to put the site on a care-and-maintenance programme during this time. Interwaste maintains the site design and operations comply with relevant regulatory requirements. The FG Landfill site has been operating at the highest standards and has maintained its local and international accreditations for environmental as well as occupational health and safety management systems. The site will accordingly cease receiving waste on Thursday, 22 November 2018. Services to our clients will continue as normal as all alternative operational plans have been implemented. Operations at the site will commence once the regulator grants its approval to re-open the site. Whilst the directors of the Company are uncertain as to the financial impact of the above circumstances, it is not expected to have a material impact on the cash flows of the Group. Furthermore, it is uncertain at this stage if an impairment of lease-hold improvements may be required. The directors’ assessment, based on current information, indicates that if a full impairment of leasehold improvements is required, the after-tax impairment of lease-hold improvements at FG are not expected to exceed R45 million. Further information will be communicated to shareholders as soon as it becomes available. 21 November 2018 Johannesburg Sponsor Grindrod Bank Limited Date: 21/11/2018 12:05:00 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.