Error in B-BBEE Certifcate, Withdrawal Of B-BBEE Certificate and Publication of Amended B-BBEE Certificate Comair Limited (Incorporated in the Republic of South Africa) (Registration number 1967/006783/06) Share code: COM ISIN: ZAE000029823 ("Comair" or “the Company”) ERROR IN B-BBEE CERTIFICATE, WITHDRAWAL OF B-BBEE CERTIFICATE AND PUBLICATION OF AMENDED B-BBEE CERTIFICATE Shareholders are advised that further to the announcement released on the Stock Exchange News Service (“SENS”) of the JSE Limited on 15 August 2018, relating to the availability of the Company’s annual B-BBEE report, it has come to the attention of the Company, that a calculation error was made by the Company’s BEE verification agent due to a software issue. The calculation error, resulted in a decrease of 0.86 points in the overall score, thereby decreasing the overall score from 75.18 points to 74.32 points, which consequently results in a drop of the B-BBEE Level, from Level 3 to Level 4. Owing to the above error, the Company has amended its verification certificate to reflect a Level 4 B-BBEE status as opposed to the Level 3 B-BBEE status. An updated verification certificate, reflecting the correct Level 4 B-BBEE status has now been published and is available on the Company’s website at http://www.comair.co.za/corporate- responsibility/transformation . Bonaero Park 31 October 2018 Sponsor PSG Capital IMPORTANT NOTICE TO FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS IN COMAIR LIMITED (“COMAIR”) SHOULD NOTE THAT, IN ORDER TO ENABLE COMAIR (AS A LICENSED AIR SERVICES OPERATOR IN SOUTH AFRICA) TO REMAIN COMPLIANT WITH THE FOREIGN OWNERNSHIP RESTRICTION CONTAINED IN SECTIONS 16 (4) ( c ) AND 19(a) OF THE AIR SERVICES LICENSING ACT, NO. 115 OF 1990, THE VOTING RIGHTS OF SHAREHOLDERS MAY BE DECREASAED PROPORTIONATELY SUCH THAT THE VOTING RIGHTS OF FOREIGN SHAREHOLDERS DO NOT, IN AGGREGATE, EXCEED 24.99%. FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS ARE REFERRED TO COMAIR’S MEMORANDUM OF INCORPORATION AND WEBSITE (www.comair.co.za) FOR FURTHER DETAIL. IF FOREIGN SHAREHOLDERS OR PROSPECTIVE INVESTORS ARE IN ANY DOUNT AS TO WHAT ACTION TO TAKE THEY SHOULD SEE ADVICE FROM THEIR BROKER, ATTORNEY OR OTHER PROFESSIONAL ADVISER. Date: 31/10/2018 10:10:00 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.