Renewal of cautionary announcement Nutritional Holdings Limited (Registration number: 2004/002282/06) (Incorporated in the Republic of South Africa) (Share Code: NUT ISIN Code: ZAE000156485) (“Nutritional Holdings” or “the Company”) Renewal of cautionary announcement Shareholders were advised on 17 December 2019 that Nutritional Holdings had entered into a Memorandum of Understanding with The Wellness Trust 29 to acquire a 100% shareholding in Ukusekela Holdings (Pty) Ltd (“Ukusekela”) for a total consideration of R140 million payable by a combination of cash and the issue of Nutritional Holdings shares at 4.5 cents per share (“the Transaction”). Negotiations regarding the Transaction are still ongoing and shareholders are advised to continue exercising caution when dealing in the Company’s securities until a full announcement is made. Johannesburg 13 March 2020 Designated Adviser Exchange Sponsors Date: 13-03-2020 02:00:00 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.