Cancellation and Delisting of 14 086 110 Cognition Shares COGNITION HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1997/010640/06) Share code: CGN ISIN: ZAE000197042 (“Cognition” or “the Company”) CANCELLATION AND DELISTING OF 14 086 110 COGNITION SHARES Terms defined in the circular distributed to Shareholders on 9 November 2018 (“Circular”) shall, unless otherwise stated, bear the same meaning in this announcement. Pursuant to section 164 of the Companies Act, Cognition has concluded a Settlement Agreement with certain Shareholders holding an aggregate amount of 14 086 110 Shares (“s164 Shares”). In terms of the Settlement Agreement, Cognition has agreed to repurchase the s164 Shares at a fair value, as determined by an independent expert. The s164 Shares are required to be cancelled and delisted in terms of the Listings Requirements. Shareholders are advised that: o the effective date of the delisting of the s164 Shares is 1 October 2019; o the s164 Shares represent 5,79% of the Company’s issued share capital; o the price to be paid for the s164 Shares is R1.66 per Share; o Shareholders from whom the s164 Shares are to be repurchased comprise: The William Kirsh Family Trust; The Kirsh Family Trust No 2; Sunnyacres Trust; Selwyn M Bentel; SM Bentel; Aubrey N Bentel; AN Bentel; Hilary Basil Bentel; and o the aforementioned Shareholders exercised their rights in terms of section 164(2) of the Companies Act in respect of ‘Special Resolution Number 4 - Amendments to the Memorandum of Incorporation of the Company’ set out in the notice of General Meeting enclosed in the Circular. Johannesburg 30 September 2019 Sponsor Merchantec Capital Date: 30/09/2019 07:30:00 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.