Renewal of Cautionary Announcement PEMBURY LIFESTYLE GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2013/205899/06) Share code: PEM ISIN: ZAE000222949 (“Pembury” or “the Company”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Further to the ‘Receipt of Application for Provisional Liquidation and Cautionary Announcement’ dated 14 February 2020 regarding the liquidation applications served on the Company by Moore Stephens Inc, Pembury’s former auditors, and the subsequent renewal of cautionary announcements, the last of which was dated 17 December 2020 (and using the terms defined therein unless otherwise stated), shareholders are advised that Verityhurst has entered into an agreement for the acquisition of the claims from the former auditors, and that the first payment in terms thereof has been made by Verityhurst. The agreement provides for the initial halting of the legal proceedings and the withdrawal of the legal proceedings on receipt of the final payment. It also provides for the former auditors to allow the incoming auditors access to the working papers in order to verify opening balances, which was a stumbling block for the new auditors. This access has been granted to the new auditors but they have not yet availed themselves to such access. Whilst the agreement has technically lapsed, further payments have been made and the relationship remains cordial. Furthermore, an arrangement is being made for the new auditors to recommence with finalising the audit for the year ended 31 December 2019, which process will commence after the Company has provided IFRS reviewed Annual Financial Statements to the new auditors. An independent IFRS reviewer has been appointed by the Company and has commenced with the review of the subsidiary Annual Financial Statements, which draft subsidiary financial statements have now been provided to the new auditors. The finalisation of the audited results and Annual Report is subject to the availability of the auditors with an ARC meeting scheduled for this coming week. The Company will also be required to publish its interim results for the six months ended 30 June 2020. Thereafter, application will be made to the JSE for the lifting of the suspension of trade in the Company’s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities until a further announcement is made. Johannesburg 2 February 2021 Designated Adviser Merchantec Capital Date: 02-02-2021 08:18:00 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.