Dealing in securities by associates of directors Brainworks Limited (Incorporated in the Republic of Mauritius) (Registration number: 115883 C1/GBL) Share Code: BWZ ISIN: MU0548S00000 (“the Company”) DEALING IN SECURITIES BY ASSOCIATES OF DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed in respect of the disposal of the Company’s ordinary shares by associates of the Company’s directors: The following information applies in respect of all transactions: Nature of transaction: Disposal of ordinary shares Date of transaction: 30 November 2017 Price per share: R11.50 Where traded: Off-market Clearance to deal: Obtained Transactions: Name of director: Mr. George Manyere (Non-executive) Name of associate: SCB Mauritius A/C Afrasia Bank Limited as nominee for Relationship: MHMK Capital Limited is a wholly owned subsidiary of MHMK Group Limited which is itself wholly owned by a discretionary family trust settled by Mr. George Manyere for his minor children of whose interest is held in a Trust for their benefit. Number of shares: 2 001 072 Value of transaction: R23 012 328.00 Type of interest: Indirect beneficial Name of director: Mr. Walter Kambwanji (Non-executive) Name of associate: Matthew Daniels Trust Relationship: Matthew Daniels Trust is a discretionary family trust settled by Mr. Walter Kambwanji for the benefit of his children whose interest is held in a Trust for their benefit. Number of shares: 2 500 000 Value of transaction: R28 750 000.00 Type of interest: Indirect beneficial Name of director: Mr. Walter Kambwanji (Non-executive) Name of associate: TDC Investment Trust Relationship: TDC Investment Trust is a discretionary family trust settled by Mr. Walter Kambwanji for benefit of his children whose interest is held in Trust for their benefit. Number of shares: 187 009 Value of transaction: R2 150 603.50 Type of interest: Indirect beneficial Name of director: Mr. Walter Kambwanji (Non-executive) Name of associate: TBE Investment Limited Relationship: Walter Kambwanji is the sole shareholder of TBE Investments Limited and ADC Directors Limited is the sole director. Number of shares: 1 129 792 Value of transaction: R12 992 608.00 Type of interest: Direct beneficial Ebène, Mauritius 8 December 2017 Sponsor Questco Corporate Advisory Proprietary Limited Date: 11/12/2017 07:40:00 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.