Dealings in securities by directors CALGRO M3 HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2005/027663/06) Share code: CGR ISIN: ZAE000109203 (“Calgro M3” or “the company” or “the Group”) DEALINGS IN SECURITIES BY DIRECTORS In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings Requirements”), the following dealings in securities by directors should be noted: Name of director : Manda Njongonkulu Nkuhlu Name of company of which he : Calgro M3 Holdings Limited is a director Status : Executive Director Class of securities : Ordinary shares Nature of transactions : An off-market purchase of shares Nature of interests : Direct beneficial Date of transaction : 24 July 2019 No of shares : 40 000 Transaction price : R4.40 per share Total value of transaction : R176 000.00 Name of director : Willem Jakobus Lategan Name of company of which he : Calgro M3 Holdings Limited is a director Status : Executive Director Class of securities : Ordinary shares Nature of transactions : An off-market purchase of shares Nature of interests : Direct beneficial Date of transaction : 24 July 2019 No of shares : 70 000 Transaction price : R4.30 per share Total value of transaction : R301 000.00 Clearance to trade has been obtained in terms of section 3.66 of the Listings Requirements. Johannesburg 25 July 2019 Sponsor Grindrod Bank Limited Date: 25/07/2019 03:30:00 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.