Further cautionary announcement ASTORIA INVESTMENTS LTD (Incorporated in the Republic of Mauritius) (Registration number 129785 C1/GBL) SEM share code: ATIL.N0000 JSE share code: ARA NSX share code: ARO ISIN: MU0499N00007 ("Astoria") FURTHER CAUTIONARY ANNOUNCEMENT Shareholders are referred to the previous announcements released on SENS, the last of which was released on 22 August 2018, relating to the intended offer by RECM and Calibre Limited ("RAC") to acquire all the issued shares of Astoria other than the 35 311 373 shares already held by RAC ("intended offer") and the institution of legal proceedings against RAC in respect of the intended offer. The strategy to unlock the discount to net asset value and any developments in respect of the legal proceedings will be communicated to shareholders in due course. Pending further updates, Astoria shareholders are advised to continue to exercise caution when dealing in the shares of Astoria. Astoria has primary listings on the Stock Exchange of Mauritius and the Alternative Exchange of the JSE, and a secondary listing on the main board of the Namibian Stock Exchange. 31 August 2018 South African corporate advisor and JSE designated advisor Java Capital NSX sponsor Namibia Equity Brokers Mauritian company administrator Osiris International Group Date: 31/08/2018 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.