Disclosure of Acquisition of Securities (Incorporated in the Republic of South Africa) (Registration number 1972/005921/06) Share code: BCF ISIN code: ZAE 000030797 (“Bowler Metcalf” or “the Company”) DISCLOSURE OF ACQUISITION OF SECURITIES In accordance with section 122 of the Companies Act No. 71 of 2008, as amended (“Companies Act”), and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are hereby advised of the following: On 30 November 2018 Bowler Metcalf was advised that Old Mutual Limited (“Old Mutual”) acquired a beneficial interest in the securities of Bowler Metcalf such that the total beneficial interest in the securities of that class held by Old Mutual increased from 3.23% to 5.39% of the total issued ordinary share capital of the Company. As required in terms of section 122(3)(a) of the Companies Act, Bowler Metcalf has filed the required notice with the Takeover Regulation Panel. Cape Town 30 November 2018 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 30/11/2018 03:56:00 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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