Half-year results clarification regarding modified review opinion Assore Limited (Incorporated in the Republic of South Africa) Registration number: 1950/037394/06 Share code: ASR ISIN: ZAE000146932 ("Assore", “the Group” or “the Company”) HALF-YEAR RESULTS CLARIFICATION REGARDING MODIFIED REVIEWED REPORT Shareholders of Assore are referred to the results for the half- year ended 31 December 2018 (“the December 2018 Results announcement”) released on SENS on 26 February 2019. As part of the December 2018 Results announcement, the following paragraph was included under the heading “Accounting policies and basis of preparation” related to the modified review report: “Ernst & Young Inc., the group’s independent external auditors, has reviewed the condensed consolidated half year results included in this announcement and their modified report on review is available for inspection at the registered offices of the company. The modified opinion in the report is only in respect to the comparability of the unreviewed results in previous period. The review was conducted in terms of ISRE2410 – review of Interim Financial Information Performed by the Independent Auditors of the Entity”. To clarify the above mentioned modified opinion, refer below for the extract of the modified report, required for publication on SENS in terms of the JSE Listings Requirements 3.18(g): “Basis for Qualified conclusion We have neither audited nor reviewed the corresponding amounts included in the column titled “Half-year ended 31 December 2017 unaudited”. Because the corresponding figures shown in this column on the condensed consolidated statement of financial position, the condensed consolidated income statement, condensed consolidated statement of comprehensive income, condensed consolidated statement of cash flows, and the consolidated statement of changes in equity are neither audited nor reviewed, our opinion is only qualified in respect of the comparability of the current period figures and the half-year period ended 31 December 2017.” The full independent auditor’s review report on the interim financial statements is available for inspection at the registered offices of the company. Illovo Boulevard Johannesburg 11 March 2019 Contact details: Maretha Claassen Switchboard: 011 770 6800 Direct line: 011 770 6925 E-mail: marethaclaassen@assore.com Financial Communications Advisor Singular Systems IR, Jacques de Bie, 082 691 5384 Sponsor The Standard Bank of South Africa Limited Date: 11/03/2019 03:00:00 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.