Cautionary Announcement ELB GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1930/002553/06) ISIN: ZAE000035101 JSE Code: ELR (“ELB” or “the Company”) CAUTIONARY ANNOUNCEMENT Shareholders are advised that ELB has commenced a strategic review of the Company, its operations and capital structure, with a view to positioning it to ensure the sustainability of operational performance and working capital requirements. At this stage, it is uncertain whether and the extent to which any decisions taken pursuant to this review may have a material effect on the price of the Company’s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until a further announcement is made. Rivonia 5 November 2018 Corporate Advisor and Sponsor Questco Corporate Advisory Proprietary Limited Date: 05/11/2018 09:56:00 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.
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