Dealings in securities by directors pursuant to the Ethos Capital Rights Offer EPE CAPITAL PARTNERS LTD (Incorporated in the Republic of Mauritius) (Registration number: C138883 C1/GBL) ISIN: MU0522S00005 Share Code: EPE ("Ethos Capital" or "the Company") _________________________________________________________________________________ DEALINGS IN SECURITIES BY DIRECTORS PURSUANT TO THE ETHOS CAPITAL RIGHTS OFFER _________________________________________________________________________________ Shareholders are referred to the announcement released by Ethos Capital on the Stock Exchange News Service ("SENS') of the JSE Limited ("JSE") on Friday, 13 December 2019, prior to the commencement of the Ethos Capital closed period on 31 December 2019, in which Ethos Capital disclosed the irrevocable subscription commitments entered into by the directors of the Company to follow all or a portion of their rights under the Company's renounceable rights offer to raise equity of up to ZAR750 million ("Ethos Capital Rights Offer"). In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the JSE Listings Requirements, the following information is disclosed. Name of director: Yvonne Stillhart Company: Ethos Capital Class of securities: A Ordinary shares Nature of transaction: Off-market subscription for A Ordinary shares in terms of the Ethos Capital Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 10 February 2020 Price: ZAR7.50 per A Ordinary share Number of securities: 356,725 Total value: ZAR2 675 437.50 Name of directors: Derek Prout-Jones and Michael Pfaff, through their family trusts which are invested through 4 Decades Capital (Pty) Ltd Company: Ethos Capital Name of associate: 4 Decades Capital (Pty) Ltd Associate relationship to directors: The directors are trustees and one of the discretionary beneficiaries of the trusts that indirectly own the shares in the associate Class of securities: A Ordinary shares Nature of transaction: Off-market subscription for A Ordinary shares in terms of the Ethos Capital Rights Offer Extent of directors’ interests: Indirect beneficial Clearance to deal obtained: Yes Date of transaction: 10 February 2020 Price: ZAR7.50 per A Ordinary share Number of securities: 2,666,667 Total value: ZAR20 000 002.50 Ebène, Mauritius (with simultaneous circulation in Johannesburg) 10 February 2020 Sponsor to EPE Capital Partners Ltd Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 10-02-2020 04:35:00 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.