Distribution of a circular and notices of general meetings 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”) Class A Preference Shares Series Number JSE Code ISIN Ecsponent Pref Share A2 2 ECSP4 ZAE000202495 Ecsponent Pref Share A3 3 ECSP7 ZAE000210480 Ecsponent Pref Share A4 4 ECSP10 ZAE000217196 Ecsponent Pref Share A5 5 ECSP13 ZAE000244844 Class B Preference Shares Series Number JSE Code ISIN Ecsponent Pref Share B2 2 ECSP5 ZAE000202503 Ecsponent Pref Share B3 3 ECSP8 ZAE000210498 Ecsponent Pref Share B4 4 ECSP11 ZAE000214441 Ecsponent Pref Share B5 5 ECSP14 ZAE000221362 Ecsponent Pref Share B6 6 ECSP17 ZAE000229878 Ecsponent Pref Share B7 7 ECSP20 ZAE000241717 Ecsponent Pref Share B8 8 ECSP23 ZAE000246112 Ecsponent Pref Share B9 9 ECSB9 ZAE000250049 Ecsponent Pref Share B10 10 ECSB10 ZAE000255675 Ecsponent Pref Share B11 11 ECSB11 ZAE000258844 Ecsponent Pref Share B12 12 ECSB12 ZAE000263257 Ecsponent Pref Share B13 13 ECSB13 ZAE000268371 Ecsponent Pref Share B14 14 ECSB14 ZAE000273157 Ecsponent Pref Share B15 15 ECSB15 ZAE000280939 Class C Preference Shares JSE Code ISIN Ecsponent Pref Share C2 2 ECSP6 ZAE000202511 Ecsponent Pref Share C3 3 ECSP9 ZAE000210506 Ecsponent Pref Share C4 4 ECSP12 ZAE000218525 Ecsponent Pref Share C5 5 ECSP15 ZAE000222501 Ecsponent Pref Share C6 6 ECSP18 ZAE000231205 Ecsponent Pref Share C7 7 ECSP21 ZAE000241725 Ecsponent Pref Share C8 8 ECSP24 ZAE000246757 Class D Preference Shares JSE Code ISIN Ecsponent Pref Share D1 1 ECSD1 ZAE000250148 Ecsponent Pref Share D2 2 ECSD2 ZAE000254389 Ecsponent Pref Share D3 3 ECSD3 ZAE000258851 Ecsponent Pref Share D4 4 ECSD4 ZAE000263265 Ecsponent Pref Share D5 5 ECSD5 ZAE000268389 Ecsponent Pref Share D6 6 ECSD6 ZAE000273140 Ecsponent Pref Share D7 7 ECSD7 ZAE000277620 Ecsponent Pref Share D8 8 ECSD8 ZAE000280291 Class E Preference Shares JSE Code ISIN Ecsponent Pref Share E1 1 ECSE1 ZAE000250155 Ecsponent Pref Share E2 2 ECSE2 ZAE000254397 Ecsponent Pref Share E3 3 ECSE3 ZAE000258869 Ecsponent Pref Share E4 4 ECSE4 ZAE000263281 Ecsponent Pref Share E5 5 ECSE5 ZAE000268363 Ecsponent Pref Share E6 6 ECSE6 ZAE000273132 Ecsponent Pref Share E7 7 ECSE7 ZAE000280947 Class G Preference Shares JSE Code ISIN Ecsponent Pref Share G1 1 ECSG1 ZAE000250163 Ecsponent Pref Share G2 2 ECSG2 ZAE000258877 Ecsponent Pref Share G3 3 ECSG3 ZAE000263307 Ecsponent Pref Share G4 4 ECSG4 ZAE000273124 DISTRIBUTION OF A CIRCULAR AND NOTICES OF GENERAL MEETINGS DISTRIBUTION OF A CIRCULAR Further to the announcement released on SENS on 2 March 2020, the board of directors of the Company (“Board”) advises ordinary and preference shareholders (collectively “Security Holders”) that a circular (“Circular”) will be distributed to the Company’s Security Holders, today, which sets out details relating to the proposed amendments to the Memorandum of Incorporation (“MOI Amendments”). The MOI Amendments, if approved, will result in an amendment to the terms of the Company’s various classes of preference shares such that the preference shares will: • become redeemable, partially or in full, solely at the discretion of the Board, having regard to the funds available to the Company, which will specifically be assessed by the Board on the occurrence of certain events; • attract a zero coupon, with dividends to be paid solely at the discretion of the Board, and which dividends (if so declared) will not exceed 20% of any dividends declared by the Board to all Security Holders in relation to any particular financial year; and • rank pari passu with all other classes of Preference Shares, but in priority to Ordinary Shares. The Circular is available on the Company’s website: https://www.ecsponentlimited.com/wp- content/uploads/2020/04/April-2020-MOI-Amendment.pdf NOTICES OF GENERAL MEETINGS Notice is hereby given that: • a general meeting of ordinary shareholders will be held at 10:00; and • general meetings of the preference shareholders will be held from 10:15 onwards (or commencing after the conclusion of the immediately preceding preference shareholders meeting), at the Company’s registered office, 1st Floor, The Wedge, 43 Garsfontein Road, Waterkloof 0145 Pretoria, on Wednesday, 27 May 2020 (“General Meetings”). In the event that the Company elects to use electronic communication for the General Meetings, in accordance clause 21 of the Company’s Memorandum of Incorporation, the details of such electronic communication will be released on SENS at least 48 hours prior to the General Meetings. The salient dates and times relating to the General Meetings are set out below: 2020 Last day to trade in order to be eligible to vote in respect of Friday, 17 April the General Meetings General Meetings record date in order to vote Friday 15 May General Meeting of Ordinary Shareholders to be held at Wednesday, 27 May 10:00 on General Meetings of Preference Shareholders to be held from Wednesday, 27 May 10:15 onwards on Results of General Meetings released on SENS on Wednesday, 27 May For more information about this announcement or the Ecsponent group, email investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations 28 April 2020 Pretoria Sponsor to Ecsponent Questco Corporate Advisory (Pty) Ltd Date: 28-04-2020 01:03:00 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.