Disposal of securities by Truffle Asset Management (“Truffle”) Sephaku Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2005/003306/06) Share code: SEP ISIN: ZAE000138459 (“Sephaku Holdings” or “the Company”) Disposal of securities by Truffle Asset Management (“Truffle”) In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that Sephaku Holdings has received formal notification from Truffle that it has disposed of an interest in the ordinary shares of the Company. The total interest in the ordinary shares of the Company held by Truffle now amounts to 4.73%. Centurion 14 May 2020 ____________________________________________________________________________ Enquiries contact: Sakhile Ndlovu Investor Relations 012 612 0210 Sponsor: Questco Corporate Advisory (Pty) Ltd About Sephaku Holdings Limited Sephaku Holdings Limited (“SepHold”) is a building and construction materials company with a portfolio of investments in the cement sector in South Africa. The company’s core investments are a 36% stake in Dangote Cement South Africa (Pty) Ltd and 100% in Métier Mixed Concrete (Pty) Ltd. The strategy of SepHold is to generate growth and realise value for shareholders through the production of cement and ready mixed concrete in Southern Africa. Date: 14-05-2020 10:00:00 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.