Dealings In Shares By An Associate Of A Director DENEB INVESTMENTS LIMITED Registration number: 2013/091290/06 (Incorporated in the Republic of South Africa) JSE share code: DNB ISIN: ZAE000197398 (“Deneb” or “the Company”) DEALINGS IN SHARES BY AN ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the dealings in securities is disclosed: NAME OF DIRECTOR S A Queen COMPANY OF WHICH A DIRECTOR Deneb Investments Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTIONS Purchase of shares by an (1 – 3) associate of the director (on-market transactions) DATE OF TRANSACTIONS 4 December 2019 (1) 6 December 2019 (2) 9 December 2019 (3) PRICE PER SECURITY (CENTS) 170 (1 – 3) NUMBER OF SECURITIES TRANSACTED 7 000 (1) 6 000 (2) 35 000 (3) TOTAL RAND VALUE OF SECURITIES R11 900.00 (1) TRANSACTED R10 200.00 (2) R59 500.00 (3) NAME OF ASSOCIATE The Magenta Trust (1 – 3) RELATIONSHIP WITH DIRECTOR Trustee and beneficiary (1 – 3) NATURE AND EXTENT OF INTEREST IN Indirect, beneficial (1 – 3) THE TRANSACTIONS Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 9 December 2019 Sponsor PSG Capital Date: 09-12-2019 11:15:00 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.