RECM and Calibre Limited Mandatory Offer: Salient dates and times ASTORIA INVESTMENTS LTD RECM AND CALIBRE LIMITED (Incorporated in the Republic of Mauritius) (Incorporated in the Republic of South Africa) Registration number 129785 C1/GBL Registration number 2009/012403/06 SEM share code: ATIL.N0000 Preference Share Code: RACP JSE share code: ARA ISIN: ZAE000145041 NSX share code: ARO ("RAC") ISIN: MU0499N00007 (“Astoria”) RECM AND CALIBRE LIMITED MANDATORY OFFER: SALIENT DATES AND TIMES Astoria shareholders are referred to the announcement dated 21 January 2020, made by Astoria and by RAC acting through its wholly-owned subsidiary, Livingstone Investments Proprietary Limited (“the Offeror”) in which Astoria shareholders who did not accept the mandatory offer were notified in accordance with Rule 37 of the Takeover Rules, that the Offeror intended to exercise its right under Part X of the Takeover Rules to acquire all shares held by such shareholders in Astoria. A notice was posted to dissenting shareholders on 21 January 2020 advising them that the Offeror intends to acquire all of their Astoria shares (“Notice”), at an offer price of ZAR2.40 per Astoria share (“Compulsory Acquisition”). Shareholders are further advised that the time period within which to exercise their entitlement under Rule 40 of the Mauritian Securities (Takeover) Rules 2010 (“Takeover Rules”), to make application to the court within 21 days of the date of the Notice, lapses today, 11 February 2020. As such, the salient dates and times in relation to the Compulsory Acquisition are as follows: 2020 Last day to trade in Astoria shares to participate in the Compulsory Acquisition Tuesday, 18 February Astoria shares begin trading ex the Compulsory Acquisition and trading in Astoria shares is halted Wednesday, 19 February Record date for the Compulsory Acquisition Friday, 21 February Results of the Compulsory Acquisition released on SENS and SEM Monday, 24 February Cash Settlement and trading halt lifted Monday, 24 February Results of the Compulsory Acquisition released in the Mauritian and South African press Tuesday, 25 February Notes: 1. Share certificates may not be dematerialised or rematerialised between Wednesday, 19 February 2020 or Friday, 21 February 2020. 2. The above dates and times are subject to amendment. Any such amendment will be released on SENS, SEM and the NSX (as long as the Company remains listed on the NSX), and published in the Mauritian and South African press, respectively. Astoria has primary listings on the Stock Exchange of Mauritius and the Alternative Exchange of the JSE. Astoria’s secondary listing on the main board of the Namibian Stock Exchange will terminate on Tuesday, 18 February 2020 as per the announcement issued by Astoria on 30 January 2020. This notice is issued pursuant to SEM Listing Rules 11.3 and 11.17, Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007 and Rules 6 and 7 of the Mauritian Securities (Takeover) Rules 2010. The board of directors of Astoria Investments Ltd and RECM and Calibre Limited accept full responsibility for the accuracy of the information contained in this announcement. Mauritius 11 February 2020 JSE Designated Advisor to Astoria Questco Corporate Advisory Proprietary Limited Sponsor and Corporate Advisor to RAC Questco Corporate Advisory Proprietary Limited and Questco Proprietary Limited NSX sponsor to Astoria Cirrus Securities SEM authorised representative and sponsor to Astoria GB Capital Date: 11-02-2020 05:43:00 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.