Repurchase of Ordinary Shares Mazor Group Limited (Incorporated in the Republic of South Africa) (Registration number 2007/017221/06) Share code: MZR ISIN: ZAE000109823 (“Mazor” or “the Company”) REPURCHASE OF ORDINARY SHARES 1. INTRODUCTION Mazor herewith announces the repurchase of 4,319,349 (3.95% of the issued ordinary shares) Mazor ordinary shares, since and in accordance with the general authority granted by Mazor shareholders at the annual general meeting held on 31 July 2017 (“the Repurchase”). 2. IMPLEMENTATION Details of the Repurchase are as follows: Total number of ordinary shares repurchased: 4,319,349 Total Value of ordinary shares repurchased: R 6,656,712 Highest price paid per ordinary share: R 1.60 Lowest price paid per ordinary shares: R1.50 The number of ordinary shares which may still be repurchased by the Company in terms of the general authority: 17,550,939 The percentage of ordinary shares which may still be repurchased by the Company in terms of the general authority: 16.05% Total shares in issue: 109,351,442 Number of shares held in treasury after the repurchase: 4,420,854 Dates of Repurchase: 25 August 2017 to 4 June 2018 The 4,420,854 Mazor ordinary shares will not be cancelled and will be held as treasury shares. In compliance with paragraph 5.72(a), of the Listing Requirements of the JSE Limited (“JSE”), the repurchases were effected through the order book operated by the JSE and done without any prior understanding or arrangement between the Company and the counter parties. The Repurchase was put in place pursuant to a repurchase programme prior to a prohibited period in accordance with the JSE Listings Requirements. 3. SOURCE OF FUNDS Repurchases to date have been funded from available company cash resources. 4. STATEMENT BY THE BOARD OF DIRECTORS The directors of Mazor have considered the impact of the repurchases and are of the opinion that: - Mazor and the group will be able, in the ordinary course of business, to pay its debts for a period of 12 months from the date of this announcement; - the assets of Mazor and the group will be in excess of the liabilities of the Company and the group for a period of 12 months after the date of this announcement, measured in accordance with the accounting policies used in the last published audited financial statements; - the ordinary share capital and reserves of Mazor and the group will be adequate for ordinary business purposes for a period of 12 months from the date of this announcement; and - the working capital of Mazor and the group will be adequate for ordinary business purposes for a period of 12 months from the date of this announcement. 5. IMPACT OF THE REPURCHASE ON FINANCIAL INFORMATION The impact of the General Repurchase on the financial information of the Company has not been material and has resulted in a cash outflow of R6,656,712. Interest earned on the cash resources used to acquire the Ordinary Shares will be forgone. Cape Town 5 June 2018 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 05/06/2018 01:51:00 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.