Disclosure of disposal of securities Stefanutti Stocks Holdings Limited (Registration number 1996/003767/06) Share code: SSK ISIN: ZAE000123766 (“Stefanutti Stocks” or “the Company”) DISCLOSURE OF DISPOSAL OF SECURITIES In accordance with section 122(3)(b) of the Companies Act No. 71 of 2008 as amended (“the Act”) and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form that Sanlam Investment Management Proprietary Limited on behalf of its clients (“SIM”) has disposed of an interest in the securities of the Company such that the total interest in the securities of the Company held by SIM has decreased from 9,97% to 4,58% of the total issued securities of that class in the share capital of the Company. Johannesburg 22 January 2020 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 22-01-2020 03:35:00 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.