Invitation to Shareholders to Consult in Respect of a Business Rescue Plan Comair Limited (Incorporated in the Republic of South Africa) (Registration Number: 1967/006783/06) ISIN: ZAE00002983 Share Code: COM (“Comair” or “the Company”) INVITATION TO SHAREHOLDERS TO CONSULT IN RESPECT OF A BUSINESS RESCUE PLAN – SECTION 150(1) 1. In accordance with section 150(1) of the Companies Act 71 of 2008 ("Companies Act") the shareholders of the Company are invited to consult via electronic participation with the business rescue practitioners on the Company's business rescue plan at the date, time and in the manner set out below – Date: 27 August 2020 Time: 14:00 2. Shareholders wishing to participate in this electronic consultation meeting should contact the company secretary, Mr. Kim Gorringe, by email at kim.gorringe@comair.co.za by no later than 16:00 on Wednesday 26 August 2020 to acquire the details for participating at this meeting. The company secretary is obliged to validate such requests and confirm the identity of the shareholder and thereafter, if validated, provide further details on using the electronic facility. 3. Shareholders will be liable for their own network charges and it will not be for the expense of the JSE or Comair. Comair cannot be held responsible in the case of loss of network connectivity or network failure due to insufficient airtime/internet connectivity/power outages/ electronic participation channel malfunction which would prevent shareholders from participating in the electronic consultation meeting 4. The agenda for the meeting will be: 1. Welcome 2. The Company's Financial Position 3. Overview of Business Rescue Proceedings to Date 4. Key Features of the Anticipated Plan 5. Consultation: Suggestions and Questions 6. Closing Per: Shaun Collyer and Richard Ferguson (Comair Limited's joint Business Rescue Practitioners) Bonaero Park 25 August 2020 Sponsor PSG Capital IMPORTANT NOTICE TO FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS IN COMAIR LIMITED (“COMAIR”) SHOULD NOTE THAT, IN ORDER TO ENABLE COMAIR (AS A LICENSED AIR SERVICES OPERATOR IN SOUTH AFRICA) TO REMAIN COMPLIANT WITH THE FOREIGN OWNERSHIP RESTRICTION CONTAINED SECTIONS 16(4)(c) AND 19(a) OF THE AIR SERVICES LICENSING ACT, NO. 115 OF 1990, THE VOTING RIGHTS OF FOREIGN SHAREHOLDERS MAY BE DECREASED PROPORTIONATELY SUCH THAT THE VOTING RIGHTS OF FOREIGN SHAREHOLDERS DO NOT, IN AGGREGATE, EXCEED 24.99%. FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS ARE REFERRED TO THE COMAIR’S MEMORANDUM OF INCORPORATION AND WEBSITE (www.comair.co.za) FOR FURTHER DETAILS. IF FOREIGN SHAREHOLDERS OR PROSPECTIVE INVESTORS ARE IN ANY DOUBT AS TO WHAT ACTION TO TAKE THEY SHOULD SEEK ADVICE FROM THEIR BROKER, ATTORNEY OR OTHER PROFESSIONAL ADVISER. Date: 25-08-2020 11:42:00 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.