Notification in terms of section 122(3) of the Companies Act and section 3.83(b) of the JSE Listings Requirements ROLFES HOLDINGS LIMITED Registration number 2000/002715/06 Share Code: RLF ISIN Code: ZAE000159836 (“Rolfes”) NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND SECTION 3.83(B) OF THE JSE LISTINGS REQUIREMENTS In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), and section 3.83(b) of the JSE Limited Listings Requirements, holders of ordinary shares in the Company are advised that Sabvest Finance and Guarantee Corporation acquired a beneficial interest in Rolfes securities, such that its beneficial interest amounts to 27,5m shares representing a 17% beneficial interest in the total number of ordinary shares in issue net of treasury shares. Sabvest also holds preference shares in Masimong Chemicals (Pty) Ltd which are linked to the performance of 22,5m of the Rolfes shares owned by Masimong. Sabvest accordingly holds a combined, direct and indirect participating economic interest of 31% in Rolfes. Rolfes hereby confirms that it has received the required notices in terms of section 122(3)(a) of the Act, and that it has filed the required notices with the Takeover Regulation Panel. 3 October 2018 Johannesburg Sponsor Grindrod Bank Limited Date: 03/10/2018 01:50:00 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.