Finalisation announcement and salient dates and times of the offer EXTRACT GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/011672/06) JSE share code: EXG ISIN: ZAE000246013 ("eXtract" or "the Company") FINALISATION ANNOUNCEMENT AND SALIENT DATES AND TIMES OF THE OFFER eXtract shareholders are referred to the announcements released on SENS (the last of which was released on 21 January 2019) regarding the offer by Inhanhla Trust Investments Proprietary Limited to acquire all eXtract shares for an offer consideration of R6.00 per share (the "offer") and the delisting of eXtract from the Main Board of the JSE (the "delisting"). The board of directors of eXtract is pleased to announce that the Company has secured the approval of the Competition Authorities in respect of the offer. All outstanding conditions precedent to the offer and the delisting have been fulfilled and the transaction is now wholly unconditional. eXtract shareholders are encouraged to accept the offer. If you hold shares in dematerialised form and, in order to accept the offer, you must contact your CSDP or broker and instruct him/her to accept the offer on your behalf. If you hold certificated shares and, in order to accept the offer, you must contact the transfer secretaries. Further information in respect of the acceptance of the offer is set out in the "Action required by eXtract shareholders" section of the circular issued to eXtract shareholders on 20 December 2018. A copy of the circular is available on the Company's website at http://www.extractgroup.com/circular. The offer closes at 12:00 on Friday, 1 March 2019. The offer consideration of R6.00 per eXtract share, will be paid within 6 business days of acceptance of the offer, with the last payment on Monday, 4 March 2019. eXtract will delist on Tuesday, 5 March 2019. SALIENT DATES AND TIMES The salient dates and times in respect of the offer are as follows: 2019 Offer declared wholly unconditional Wednesday, 13 February Last day to trade in eXtract shares in order to participate in the offer Tuesday, 26 February eXtract shares commence trading "ex" the offer Wednesday, 27 February Listing of eXtract shares suspended on the JSE with effect from the commencement of trade on Wednesday, 27 February Offer closes at 12:00 on Friday, 1 March Record date on which eXtract shareholders must hold eXtract shares in order to accept the offer Friday, 1 March Results of the offer announced on SENS Monday, 4 March Offer consideration paid to offer participants as per notes 4 and 5 below, with the last payment on See notes 4 and 5 below Results of the offer published in the press Tuesday, 5 March Termination of the listing of eXtract shares at the commencement of trade on the JSE on Tuesday, 5 March Notes: 1. All dates and times in this announcement are local dates and times in South Africa. 2. No dematerialisation and rematerialisation of eXtract shares may take place after Tuesday, 26 February 2019. 3. eXtract shareholders should note that acceptance of the offer will be irrevocable. 4. Certificated shareholders who accept the offer will have the offer consideration transferred to them by EFT by no later than the payment date, being 6 business days after the date on which such shareholder delivers the form of acceptance and documents of title to the transfer secretaries, with final payment being on Monday, 4 March 2019. 5. Dematerialised shareholders who accept the offer will have their accounts at their CSDP or broker updated by no later than the payment date, being within 6 business days after the date on which the CSDP or broker of such extract shareholders notifies the transfer secretaries of their acceptance of the offer, with final payment being made on the first business day after Monday, 4 March 2019. 13 February 2019 Corporate advisor and Sponsor Java Capital Date: 13/02/2019 03:45:00 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.