Renewal of Cautionary Announcement - Update PEMBURY LIFESTYLE GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/205899/06) (“the Company”) ISIN Code: ZAE000222949 JSE Code: PEM RENEWAL OF CAUTIONARY ANNOUNCEMENT - UPDATE Shareholders are referred to the cautionary announcement which was published on SENS on 3 September 2019, and are hereby advised that the Company is no longer considering the two formal offers they received for an equity investment to fund the growth and expansion aspirations of the Company due to the one party having committed funding elsewhere and the other offer being to buy out the schools business and property portfolio, which is not in line with the group strategy of remaining listed and growing the schools business. As previously announced, the Company was also approached by a number of other parties with whom discussions are in different stages. The Board has recently appointed an Investment Committee to assess and progress a transaction. In addition, the Company is engaging with financial institutions for asset based finance due to the property portfolio being ungeared and the schools business now being profitable as per the segmental information as previously published on SENS. The outcome of the aforementioned discussions 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. Johannesburg 16 September 2019 Designated Advisor Arbor Capital Sponsors Date: 16/09/2019 03:40:00 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.