Cumulative, Redeemable "B" Preference Share Cash Dividend & Voluntary Partial Redemption - TDHBP TRADEHOLD LIMITED (Registration number: 1970/009054/06) (“Tradehold” or “the Company”) Incorporated in the Republic of South Africa Share code: TDHBP ISIN: ZAE000253050 CUMULATIVE, REDEEMABLE “B” PREFERENCE SHARE (““B” Preference Share”) CASH DIVIDEND & VOLUNTARY PARTIAL REDEMPTION Notice is hereby given that: (i) the directors of Tradehold have declared a gross cash dividend (“the Cash Dividend”) of 2032.50937 cents per “B” Preference Share for the dividend period from 17 September 2018 to 17 December 2018 (both dates inclusive). The amount payable will be derived from Tradehold’s operations in the United Kingdom; and (ii) Tradehold wishes to redeem 9,079 “B” Preference Shares at a redemption amount of ZAR1,000 being an aggregate return of capital of R9,079,000 on 18 December 2018 (“the Voluntary Redemption”). The Cash Dividend constitutes a foreign dividend, as defined in section 1 of the Income Tax Act, 1962 (“ITA”), and is a dividend for purposes of dividends tax (“DT”) imposed under Part VIII of Chapter II of the ITA, since the “B” Preference Shares are listed on the JSE Limited and thus constitute a “listed share”, as contemplated in section 64D of the ITA. An exemption from DT is provided for in the ITA in respect of: (i) foreign dividends paid to a South African resident company; or (ii) dividends paid to a non-resident to the extent that the dividend is paid by a foreign company in respect of listed shares, provided certain administrative procedures are complied with. In terms of the ITA, DT of 20% will be withheld for those holders of “B” Preference Shares (““B” Preference Shareholders”) who are not exempt from DT. “B” Preference Shareholders who are not exempt from DT will therefore receive a net dividend of 1626.00750 cents per “B” Preference Share. The Voluntary Redemption will be funded from internally generated cash flows of Tradehold. After the Voluntary Redemption, Tradehold will have 1,116,632 “B” Preference Shares in issue. The Voluntary Redemption will be made pro rata among the holders of “B” Preference Shareholders in proportion to their respective holdings of “B” Preference Shares. The notice of Voluntary Redemption contemplated in this announcement is revocable at the election of Tradehold at any time prior to the Voluntary Redemption Date. Tradehold’s income tax reference number is 9725/126/71/9. The salient dates for the Cash Dividend and the Voluntary Redemption will be: Last day of trade for the Cash Dividend & Voluntary Tuesday, 11 Dec 2018 Redemption List Date for the Cash Dividend & Suspension Date for the Wednesday, 12 Dec 2018 Voluntary Redemption Record date for the Cash Dividend & Voluntary Redemption Friday, 14 Dec 2018 Dividend Payment Date & Voluntary Redemption Date Tuesday, 18 Dec 2018 27 November 2018 Cape Town Joint Debt Sponsor Nodus Capital Proprietary Limited Mettle Specialised Finance Proprietary Limited Date: 27/11/2018 09:00:00 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.