Extension to the posting date of the offer documents PEREGRINE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/006026/06) Share code: PGR ISIN: ZAE000078127 (“Peregrine”) EXTENSION TO THE POSTING DATE OF THE OFFER DOCUMENTS Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the joint firm intention announcement published by Peregrine on SENS on 13 March 2020 (“FIA”). In terms of the FIA, Peregrine Shareholders were advised that the Circular, accompanied by the Prospectus (collectively, the “Offer Documents”), were expected to be posted on or about 14 April 2020. As a result of circumstances which are outside of the control of the Offerors arising from the directive announced by the President of the Republic of South Africa in terms of section 27(1) of the Disaster Management Act, No. 57 of 2002 implementing a nationwide lockdown (“Lockdown”), the Offerors have approached the Takeover Regulation Panel (“TRP”) for an extension to the posting date of the Offer Documents (“Posting Date”). Whilst Peregrine and the Offerors are committed to posting the Offer Documents as soon as reasonably possible, Peregrine Shareholders are advised that the TRP has granted an extension to the Posting Date, in terms of which the Offer Documents are required to be posted to Peregrine Shareholders within 30 business days after termination of the Lockdown. Further information including, inter alia, the salient dates and times pertaining to the Offer will be published on SENS on or about the Posting Date. The Independent Board and Peregrine Board Responsibility Statement The Independent Board and Peregrine Board (to the extent that the information relates to Peregrine) collectively and individually accept responsibility for the information contained in this announcement and certify that, to the best of their knowledge and belief, the information contained in this announcement relating to Peregrine is true and this announcement does not omit anything that is likely to affect the import of such information. Capitalworks, BidCo and InvestCo Board Responsibility Statement Capitalworks and the board of directors of InvestCo and BidCo (to the extent that the information relates to Capitalworks, InvestCo and BidCo) collectively and individually accept responsibility for the information contained in this announcement and certify that, to the best of their knowledge and belief, the information contained in this announcement relating to Capitalworks, InvestCo and BidCo is true and this announcement does not omit anything that is likely to affect the import of such information. 15 April 2020 Joint sponsor and corporate advisor to Peregrine and the Independent Board Java Capital Joint sponsor to Peregrine Deloitte & Touche Sponsor Services Proprietary Limited Attorneys to Peregrine and the Independent Board Werksmans Inc. Corporate advisor to Capitalworks, InvestCo and BidCo One Capital Attorneys to Capitalworks, InvestCo and BidCo CDH Date: 15-04-2020 05:00:00 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.