Cumulative, Redeemable "A" Preference Share TDHP – Increase in Dividend Withholding Tax to 20% TRADEHOLD LIMITED (Registration number: 1970/009054/06) ("Tradehold") Incorporated in the Republic of South Africa Share code: TDHP ISIN: ZAE000201166 CUMULATIVE, REDEEMABLE “A” PREFERENCE SHARE – INCREASE IN DIVIDEND WITHHOLDING TAX RATE TO 20% “A” Preference Shareholders are advised that the Dividend Withholding Tax (“DWT”) rate has increased from 15% to 20% following the Minister of Finance’s budget speech. The effective date of the change is 22 February 2017. The Directors wish to refer the “A” Preference Shareholders to the gross cash dividend of 19.59722 cents per “A” Preference Share for the period 1 December 2016 to 1 March 2017 published on SENS on 7 February 2017. The distribution constitutes a foreign dividend as defined in section 1 of the Income Tax Act (“ITA”) and is a dividend for purposes of DWT, since the shares are listed on the JSE Limited. An exemption from DWT is provided for in terms of the ITA in respect of foreign dividends paid to a South African company and to a non- resident to the extent that it is paid in respect of listed shares, provided certain administrative procedures are complied with. The ITA further provides for an exemption from income tax in respect of foreign dividends received or accrued in respect of listed shares. Shareholders who are not exempt from the DT will therefore receive a net dividend of 15.67778 cents per “A” Preference Share, after applying the revised DWT rate of 20%. Tradehold Limited has 61 927 500 “A” Preference Shares in issue. Tradehold Limited's income tax reference number is 9725/126/71/9. The payment date for the “A” Preference Share dividend is Wednesday, 1 March 2017. 24 February 2017 Cape Town Joint Debt Sponsor Nodus Capital Proprietary Limited Mettle Specialised Finance Proprietary Limited Date: 24/02/2017 01:33:00 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.