RENEWAL OF CAUTIONARY ANNOUNCEMENT IN RESPECT OF THE PROPOSED DISPOSAL BY A SUBSIDIARY, TSOGO SUN HOLDINGS LIMITED (“TSOGO”), OF CERTAIN CASINO, HOTEL AND OFFICE PROPERTIES TO ITS SUBSIDIARY, HOSPITALITY PROPERTY FUND LIMITED ("HPF") AND THE UNBUNDLING OF TSOGO’S INTEREST IN HPF

Shareholders are referred to the cautionary announcements dated 2 March and 18 April 2018 and are advised that as the Agreement has not yet been concluded, shareholders should continue to exercise caution when dealing in the Company’s shares until a further
announcement is made.


Cape Town
1 June 2018