Default in respect of redemption of Series 2 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 2 ECSP4 ZAE000202495 Class B 2 ECSP5 ZAE000202503 Class C 2 ECSP6 ZAE000202511 DEFAULT IN RESPECT OF THE REDEMPTION OF SERIES 2, CLASS A, B AND C PREFERENCE SHARES Holders of Series 2 Class A, Class B and Class C Preference Shares are referred to the following announcements issued by the Company on the Stock Exchange News Service (“SENS”): • dated 10 February 2010, which contained, inter alia, a cautionary announcement advising shareholders to exercise caution when dealing in the Company’s securities; and • dated 11 February 2020 in which the Company provided an update on its capital restructure, and are advised that the Company has confirmed that it is unfortunately not in a position to redeem the preference shares detailed below. Class A, Series 2 Class B, Series 2 Class C, Series 2 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 246 946 461 660 1 175 170 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 amount payable on R24 694 600 R46 166 000 R117 517 000 redemption: Due date for payment of the Monday, 9 March Monday, 9 March Monday, 9 March redemption amount 2020 2020 2020 Payment of an accrued dividend in respect of the above preference shares: An accrued dividend for the period 5 February 2020 to the close of business on 6 March 2020 is due and payable in respect of the above preference shares, however, the Company also advises that it is not in a position to pay such dividend obligations. The Company continues to explore various options relating to the capital restructure of the preference shares and/or alternative forms of funding and will release a further announcement in this regard as soon as possible. For more information about this announcement or the Ecsponent group, email investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations 21 February 2020 Pretoria Sponsor to Ecsponent Questco Corporate Advisory (Pty) Ltd Date: 21-02-2020 05:37:00 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.