Further update announcement regarding the category 1 circular to shareholders ACCENTUATE LIMITED (Incorporated in the Republic of South Africa) (Registration number 2004/029691/06) JSE Share code: ACE ISIN: ZAE000115986 (“Accentuate” or “the Company”) FURTHER UPDATE ANNOUNCEMENT REGARDING THE CATEGORY 1 CIRCULAR TO SHAREHOLDERS Accentuate shareholders are referred to the announcement released by Accentuate on SENS on 6 April 2020 (“the Announcement”). Shareholders were advised in the Announcement, that Accentuate had agreed to the key terms of a proposed transaction (“Sale of Shares and Sale Claims”) with Safic Proprietary Limited (“Safic”), in terms of which Accentuate will dispose of 100% of its shareholding in Safic, constituting Accentuate’s entire shareholding in Safic, to the purchasers (“the Transaction”). Shareholders were further advised on 8 June 2020 and 10 July 2020 that the JSE Limited had granted the Company an extension to the 60-day rule pursuant to paragraph 11.23 of the JSE Listings Requirements to dispatch the circular to shareholders regarding the Transaction by 31 July 2020. However, due to a delay in finalising the financial review, shareholders are advised that the circular to shareholders regarding the Transaction is expected to be posted by 21 August 2020. Johannesburg 30 July 2020 Designated Advisor: Bridge Capital Advisors Proprietary Limited Legal Advisor to Accentuate: Fullard Mayer Morrison Inc. Date: 30-07-2020 04:40:00 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.