Finalisation announcement relating to the acquisition of Group Wreck International Non-Ferrous Proprietary Limited Insimbi Industrial Holdings Limited (Formerly Insimbi Refractory and Alloy Supplies Limited) (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi”) FINALISATION ANNOUNCEMENT RELATING TO THE ACQUISITION OF GROUP WRECK INTERNATIONAL NON- FERROUS PROPRIETARY LIMITED (“GROUP WRECK”) INTRODUCTION Shareholders are hereby referred to the Category 2 announcement issued on 27 August 2018 on SENS (“CAT 2 announcement”), and the update announcement issued on 2 November 2018 on SENS wherein shareholders were advised in terms of Section 9 of the JSE Listings Requirements, that Insimbi had agreed with the shareholders of Group Wreck, namely Ella Rose Property & Investments Pty Ltd, Repo Metals Holdings Pty Ltd and Solimene Holdings Proprietary Limited to acquire control of Group Wreck, subject to fulfilment of all suspensive conditions relating to the proposed acquisition (“the Transaction”). FULFILMENT OF SUSPENSIVE CONDITIONS Shareholders are further advised that the suspensive conditions listed in the CAT 2 announcement have been met and the Transaction is now unconditional, with effect from 16 November 2018. The JSE Limited has approved the listing of 18 461 538 ordinary Insimbi shares at R1.30 per share with a commencement date of 15 November 2018. 16 November 2018 Johannesburg Sponsor and Corporate Advisor: Bridge Capital Advisors Proprietary Limited Date: 16/11/2018 10:42:00 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.