Treasury shares repurchase and cancellation of shares SABVEST LIMITED (Incorporated in the Republic of South Africa) Registration number 1987/003753/06 Ordinary share code: SBV and ISIN: ZAE000006417 N ordinary share code: SVN and ISIN: ZAE000012043 (“Sabvest”) TREASURY SHARES REPURCHASE AND CANCELLATION OF SHARES Shareholders are advised that the Sabvest Group has undertaken a transaction in terms of which 350,000 Sabvest ‘N” ordinary shares, previously held as treasury shares (“Treasury Shares”), were repurchased based on the market price of the Treasury Shares on close of the Johannesburg Stock Exchange on Friday, 20 September 2019. Full details of the Treasury Shares repurchase transaction are as follows: Type and class of : “N” ordinary shares securities Nature of transaction : Off market repurchase Date of transaction : 20 September 2019 Market price per Treasury : 3200 cents Shares Number of Treasury Shares : 350,000 Aggregate repurchase : R11,200,000 price The Treasury Shares had been purchased by a subsidiary through the market at an average price of 3297 cents (highest 3561 cents, lowest 3200 cents) subsequent to the publication of the interim results. The repurchased Treasury Shares will be delisted with effect from the commencement of trade on or about Monday, 30 September 2019, and will thereafter be cancelled. Sandton 23 September 2019 Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 23/09/2019 02:03:00 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.