Declaration and finalisation announcement relating to the redemption of Series 1, Class A, B and C preference shares ECSPONENT LIMITED Incorporated in the Republic of South Africa Registration number: 1998/013215/06 JSE Code: ECS - ISIN: ZAE000179594 Debt Issuer Code: ECSD (“the Company” or “Ecsponent”) Preference Shares Series number JSE Code ISIN Class A 1 ECSP1 ZAE000196317 Class B 1 ECSP2 ZAE000196309 Class C 1 ECSP3 ZAE000196291 Declaration and finalisation announcement in respect of the redemption of Series 1, Class A, B and C preference shares In accordance with the Terms and Conditions relating to the Company’s preference shares as set out in the Programme Memorandum dated 22 September 2017, Ecsponent advises of the automatic redemptions of the following preference shares under its ZAR5,000,000,000 Preference Share Programme: Class A, Series 1 Class B, Series 1 Class C, Series 1 Description of preference shares: Fixed-rate, Zero-rate, Variable-rate, redeemable, redeemable, redeemable, convertible, convertible, non- convertible, cumulative non- participating cumulative non- participating preference shares participating preference shares of no par value preference shares of no par value of no par value Number of preference shares being 61 332 68 680 247 100 redeemed: Redemption price per preference 100% of Initial 170% of Initial 100% of Initial share: Issue Price Issue Price Issue Price R100 R170 R100 Total redemption amount payable: R6 133 200 R11 675 600 R24 710 000 Redemption and accrued 2019 2019 2019 dividend timetable Last day to trade: Tuesday, 1 October Tuesday, 1 October Tuesday, 1 October Suspension of listing of preference Wednesday, 2 Wednesday, 2 Wednesday, 2 shares to be redeemed: October October October Record date (date to be recorded in Friday, 4 October Friday, 4 October Friday, 4 October the Register in order to receive the redemption payment and accrued dividend): Payment date (via electronic Monday, 7 October Monday, 7 October Monday, 7 October transfer to CDSP/broker accounts or via EFT payments): Preference shares redeemed to be Tuesday, 8 October Tuesday, 8 October Tuesday, 8 October removed from JSE List: Following the redemption of these preference shares, the total preference shares in issue will total R2,007,585,100. Payment of an accrued dividend: An accrued dividend for the period 11 September 2019 to the close of business on 4 October 2019 (Day Count Fraction) will be paid on the Class A and C preference shares being redeemed as follows: • A dividend at the rate of 10% per annum is payable in respect of the Class A preference shares. • A dividend at the rate of 14.00% per annum (being the prime rate plus 4%) is payable in respect of the Class C preference shares. The gross local accrued dividend amount and the net local accrued dividend amount payable to Class A and Class C Preference Shareholders are set out below: Class A preference Class C preference shares shares Gross local accrued dividend amount (cents per 65.75342 92.05479 share) Net local accrued dividend amount (cents per 52.60274 73.64383 share) In terms of the Listings Requirements of the JSE, the following additional information is provided: 1. The dividends have been declared from income reserves. 2. The dividend withholding tax rate is 20%. 3. Ecsponent’s income tax number is 9235/264/84/4. For more information about this announcement or the Ecsponent group, email investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations 13 September 2019 Pretoria Sponsor to Ecsponent Questco Corporate Advisory (Pty) Ltd Date: 13/09/2019 09:20:00 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.