Acquisition of a 63.71% stake in Telemedia Proprietary Limited - further update announcement REX TRUEFORM GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1937/009839/06) JSE share code: RTO ISIN: ZAE000250387 JSE share code: RTN ISIN: ZAE000250395 JSE share code: RTOP ISIN: ZAE000250403 ("Rex Trueform" or the "Company") ACQUISITION OF A 63.71% STAKE IN TELEMEDIA PROPRIETARY LIMITED – FURTHER UPDATE ANNOUNCEMENT 1. Shareholders are referred to the announcement released on the Stock Exchange News Service ("SENS") on 13 November 2020 regarding the sale of shares agreement ("Agreement"), that the Company, together with African and Overseas Enterprises Limited had entered into with the Trustees for the time being of the Bretherick Family Trust, Peter Fairbank Bretherick, Ryan David Bretherick, and Stephen Mark Bretherick in terms of which Rex Trueform would acquire a 63.71% stake in Telemedia Proprietary Limited (the "Transaction"), together with the update in this regard released on SENS on 26 August 2021. 2. The Company advises that the Agreement was amended in writing on 28 January 2022, in respect of the following: 2.1. The condition precedent requiring the Independent Communications Authority of South Africa to provide its written consent to the Transaction (the "Condition Precedent") by an extended date of no later than 30 June 2022. The Condition Precedent remains outstanding. The implementation of the Transaction remains subject to the fulfilment of the Condition Precedent. 31 January 2022 Sponsor Java Capital Date: 31-01-2022 05:30:00 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.