Renewal of cautionary announcement STELLAR CAPITAL PARTNERS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/015580/06) Share code: SCP ISIN: ZAE000198586 ("Stellar Capital" or the "Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are advised that the Stellar Capital Board is still considering various proposals in order to achieve the Company’s strategic objectives as set out in the cautionary announcement published on the Stock Exchange News Service on 18 November 2020. The advancement of any, or a combination, of such proposals may have a material effect on the price of the Company’s shares. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's shares until a further announcement is made. Cape Town 31 December 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 31-12-2020 09:00:00 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.