Proposed Corrections and Revisions to the Published 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”) PROPOSED CORRECTIONS AND REVISIONS TO THE PUBLISHED BUSINESS RESCUE PLAN 1. The joint business rescue practitioners ("BRPs") of the Company wish to highlight herein certain clerical and technical errors that are contained in the published business rescue plan ("the Plan") and the annexures thereto, and which should be corrected by means of necessary amendments. 2. The BRPs accordingly propose that the following amendments to Plan and the annexures thereto be made: PLAN ERROR CORRECTION 7.2.11.1.1 Incorrect date reference "31 Date reference "31 October March 2021" 2021" 7.3.1.1 Incorrect clause reference Clause reference "7" "7.3" Annexure B Various Creditor Claims Annexure B replaced and updated Annexure D Concurrent dividend Concurrent dividend calculation incorrect calculation correct – Annexure D replaced Annexure J (1.1.6.1) Incorrect date reference "11 Date reference " Adoption of September 2020" the Business Rescue Plan" – Annexure J replaced 3. In addition, and as a consequence of further negotiations with the Investors, Annexures G and K to the Plan have been revised and have accordingly been replaced. 4. All affected parties are directed to the website where the revised Annexures B, D, G, J and K will be located at https://www.comair.co.za/business-rescue/business-rescue- plan-and-meetings. The existing Plan should now be read in conjunction with this notice taking into account the items contained in 2 above. 5. If these proposed corrections and revisions are approved in terms of section 152(1)(d)(i) of the Companies Act 71 of 2008 ("Companies Act") at the meeting to be held tomorrow, 18 September 2020, the Plan will be amended accordingly. 18 September 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: 18-09-2020 09:24:00 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.