Disposal of interest in Kingswood Holdings Limited ASTORIA INVESTMENTS LTD (Incorporated in the Republic of Mauritius) (Registration number 1297585 C1/GBL) SEM share code: ATIL.N0000 JSE share code: ARA NSX share code: ARO ISIN: MU0499N00007 ("Astoria" or "the Company") DISPOSAL OF INTEREST IN KINGSWOOD HOLDINGS LIMITED Shareholders are referred to the announcement released on SENS and the SEM website on Tuesday, 2 July 2019 relating to the disposal by Astoria, through its wholly-owned subsidiary, Astoria Investments (UK) Limited, of its 17.46% interest in Kingswood Holdings Limited to KPI (Nominees) Limited ("the transaction"). Astoria's board of directors are pleased to advise that all conditions precedent to the transaction have been fulfilled and accordingly the transaction has become unconditional. The disposal consideration will be settled in cash on 4 September 2019, being the effective date of the transaction. 29 August 2019 This communique has been issued pursuant to SEM Listing Rule 11.3. The Board of Directors of Astoria accepts full responsibility for the accuracy of the information contained in this communique. JSE designated advisor Java Capital Mauritian company administrator and sponsor OSIRIS International Group SEM authorised representative and company secretary GB Capital NSX sponsor Namibia Equity Brokers Date: 29/08/2019 02:00:00 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.