Voluntary announcement - Funding update Tsogo Sun Gaming Limited Incorporated in the Republic of South Africa (Registration number 1989/002108/06) Share code: TSG ISIN: ZAE000273116 (“Tsogo Sun Gaming” or “the Company” or “the Group”) VOLUNTARY ANNOUNCEMENT - FUNDING UPDATE Further to the announcement released by the Group on the Stock Exchange News Services of the JSE Ltd. on 21 November 2019 relating to the Condensed unaudited consolidated interim financial results for the six months ended 30 September 2019, in which the Group stated that with was in the process of refinancing its debt which should have a positive impact on finance cost, we confirm that the financing was completed earlier this quarter. The facilities are a combination of new term loans from banking institutions and a Domestic Medium Term Note programme. The facilities range from committed overnight facilities to tenors of up to seven years with the majority of the maturities in the three to five year period. The funding covenants on the new facilities remained the same as the previous facilities at a debt:ebitda ratio of less than 3.0 times and an interest cover ratio of greater than 3.0 times. A loan to value ratio of less than 40% was included as an additional covenant. 25 March 2020 JSE Equity Sponsors Tsogo Sun Gaming: Investec Bank Limited Date: 25-03-2020 04:09:00 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.