28 November 2012

In compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings
Requirements shareholders are hereby notified that Sephaku Holdings shares
were disposed of by way of an on-market transaction by a director of the
Company in his personal capacity.

Name of director: Rudolph de Bruin
Category of director: Non-executive
Name of company: Sephaku Holdings
Date of transaction: 26 November 2012
Price of securities: 50 000 shares at R2.87 per share20 000 shares at R2.81 per share

24 000 shares at R2.85 per share

Number of securities: 94 000 shares
Total value of securities: R268 100.00
Class of securities: Ordinary shares
Nature of transaction: Sale of ordinary shares
Interest: Direct beneficial
Name of director: Rudolph de Bruin
Category of director: Non-executive
Name of company: Sephaku Holdings
Date of transaction: 26 November 2012
Price of securities: R2.86 per share
Number of securities: 50 000 shares
Total value of securities: R143 000.00
Class of securities: Ordinary shares
Nature of transaction: Sale of ordinary shares
Interest: Direct beneficial

Centurion
28 November 2012

Sponsor to Sephaku Holdings
QuestCo (Pty) Ltd