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Clarification Regarding Fractional Entitlement Payments in Respect of Scrip Distribution Alternative Elections SANTOVA LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/018118/06) Share code: SNV ISIN: ZAE000159711 (“Santova” or “the Company”) CLARIFICATION REGARDING FRACTIONAL ENTITLEMENT PAYMENTS IN RESPECT OF SCRIP DISTRIBUTION ALTERNATIVE ELECTIONS Trading on the JSE in the Strate environment does not permit fractions and fractional entitlements. Accordingly, where a Shareholder’s entitlement to new Santova ordinary shares calculated in accordance with the formula detailed in the SENS issued on 18 May 2017 gives rise to a fraction of a new ordinary share, such fraction of a new ordinary share will be rounded down to the nearest whole number, resulting in allocations of whole ordinary shares and a cash payment for the fraction. In accordance with paragraph 18.1(o) of the JSE listing requirements, the applicable cash payment will be determined with reference to the VWAP of an ordinary Santova share traded on the JSE on Wednesday, 28 June 2017, (being the day on which an ordinary Santova share begins trading ‘ex’ the entitlement to receive the Cash Dividend or the Scrip Distribution alternative), discounted by 10%. The applicable cash payment, together with the application of Dividend Withholding Tax to such payment, will be announced and detailed on SENS on Thursday, 29 June 2017. 20 June 2017 Durban Sponsor and Corporate Advisor River Group Date: 20/06/2017 05:15:00 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.