Change in Audit Firm due to Merger Sephaku Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2005/003306/06) Share code: SEP ISIN: ZAE000138459 ("the Company") CHANGE IN AUDIT FIRM DUE TO MERGER Shareholders are advised that the Company has been informed by its audit firm, Grant Thornton Johannesburg Partnership (“Grant Thornton”), that there has been a change in its network firm membership from Grant Thornton to BDO South Africa Inc (“BDO”). The change was initiated, following the merger of Grant Thornton and BDO on 1 December 2018. Accordingly, the Company’s auditors are now BDO and the designated audit partner, Rudi Huiskamp, will remain unchanged. The Company’s Audit and Risk Committee will in due course follow the process detailed in paragraph 3.84(g)(iii) of the JSE Listings Requirements, as the Company is deemed to be appointing BDO for the first time. This process will be completed before the audit firm signs its next audit report. Centurion 3 December 2018 __________________________________________________________________________________________________________________ Enquiries contact: Sakhile Ndlovu Sephaku Holdings Investor Relations 012 612 0210 Sponsor to Sephaku Holdings: Questco Corporate Advisory (Pty) Ltd About Sephaku Holdings Limited Sephaku Holdings Limited (“SepHold”) is a building and construction materials company with a portfolio of investments in the cement sector in South Africa. The company’s core investments are a 36% stake in Dangote Cement South Africa (Pty) Ltd (Sephaku Cement) and 100% in Métier Mixed Concrete (Pty) Ltd. The strategy of SepHold is to generate growth and realise value for shareholders through the production of cement and ready mixed concrete in Southern Africa. www.sephakuholdings.com Date: 03/12/2018 04:29:00 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.