Update in respect of the distribution of a circular to shareholders ECSPONENT LIMITED Incorporated in the Republic of South Africa Registration number: 1998/013215/06 JSE Code: ECS - ISIN: ZAE000179594 Debt Issuer Code: ECSP (“Ecsponent” or “the Company”) UPDATE IN RESPECT OF THE DISTRIBUTION OF A CIRCULAR TO SHAREHOLDERS Shareholders are referred to the announcement released on SENS dated 26 March 2019, in which shareholders were advised that, inter alia, Ecsponent had concluded an agreement with MyBucks S.A (“MyBucks”) for the acquisition of additional shares in MyBucks (“the Proposed Transaction”). The Proposed Transaction constitutes a reverse take-over and accordingly requires the dispatch of a circular to shareholders (“the Circular’). Shareholders are further referred to an announcement release on SENS on 24 May 2019 wherein shareholders were advised that there has been a delay in the posting of the Circular given the size and complexity of the Circular, specifically the requirements of the JSE Listings Requirements necessitating a review of the historic financial information of MyBucks by a South African reporting accountant, and that the JSE had granted the Company an extension until 30 July 2019 for the posting of the Circular. Shareholders are advised that a further delay has been encountered in the finalisation of the Circular due to the complexities and number of parties involved in the transactions that will precede the Proposed Transaction. The JSE has, upon written request by the Company, granted the Company an extension for the distribution of the Circular, which is expected to be posted on or before 30 September 2019. Pretoria 26 July 2019 Sponsor Questco Corporate Advisory (Pty) Ltd Date: 26/07/2019 04:41:00 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.