Resignation of Chief Executive Officer Sephaku Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2005/003306/06) Share code: SEP ISIN: ZAE000138459 (“SepHold” or “the Company”) Resignation of Chief Executive Officer SepHold hereby announces that the Chief Executive Officer (“CEO”), Dr. Lelau Mohuba (“Dr. Lelau”) has informed the board of directors of SepHold (“the Board”) of his intention to resign as an executive director with effect from 31 December 2019. Dr Lelau will however remain available in a non-executive capacity to support the Company, if required. Dr. Lelau was a founding SepHold board member and group chairman from 2005 to 2012. He subsequently became the CEO during 2012 when the group introduced an independent chairman in compliance to the King Code. Between 2010 and 2012 SepHold established the partnership relationship with Dangote Cement PLC (DCP) to become the first cement manufacturers in South Africa in over 80 years. The partnership birthed Dangote Cement South Africa (Pty) Ltd, the producer of the Sephaku Cement (“SepCem”) brand, as a subsidiary and associate of DCP and SepHold respectively. SepHold commenced business in 2006 as a mineral exploration company predominantly owned by historically disadvantaged South Africans. The main goal was to seek lucrative opportunities resulting from the transformative amendments to the Minerals and Petroleum Resources Development Act of South Africa (2002). SepHold was then listed on the JSE in 2009 as an investment holding entity with interests in limestone, fluorspar, gold and nickel. Limestone and fluorspar resources were quickly identified and proven as the most viable reserves in SepHold’s portfolio. This resulted in SepHold unbundling its non-core exploration assets in 2010.The development of limestone into an integrated cement business progressed faster than the fluorspar project and another decision to unbundle fluorspar was made in 2012, in order to create a focused cement manufacturing business which would develop into a unique income-generating asset for SepHold’s shareholders. This development phase consisted of recruiting an experienced leadership team, proving the viability, obtaining statutory approvals, raising the funding for the project and constructing the most efficient cement plant in South Africa. The Company then acquired a renowned and profitable mixed concrete business in 2013 called Métier Mixed Concrete (Pty) Ltd (“Métier”) to complement the cement business. The acquisition of Métier began a new era for SepHold in which the focus was translated from being purely in the development phase to income generation. Maximising income from SepHold’s core investments in cement and ready-mixed concrete has been the Company’s focus over the past several years to ensure repayment of the SepCem project debt as well as expediting the launching of a dividend stream to its shareholders. Commenting on his tenure, Dr Lelau remarked, “The time has sadly come for me to hand over the baton, due to my health challenges, after 14 years of active involvement in building a dream in which I still strongly believe. I leave a robust Company albeit in a depressed economy and am cognisant that there will be challenges in the short to medium term. However, I am confident that SepHold will persevere and enter an exciting period in its history. I avail myself to SepHold shareholders for any non-executive role deemed fit, and to support the enduring stakeholder relationships we have built over the many years. I wish the whole team the best of luck going forward and may God bless all of us.” The Chairman of the Board, Mr. Brent Williams, confirmed that the Remuneration and Nominations Committee has been tasked with determining the optimal management structure for the Company that is aligned to the prevailing challenging operating environment. Possible structures that will have no adverse impact on the SepHold’s costs will be explored. Further details will be provided on this transition as the information becomes available. Commenting on Dr. Lelau’s resignation, Williams said, “I would like to thank Lelau for his service and leadership of the Company and for his unwavering commitment to SepHold, related entities, the industry and our stakeholders over his long tenure. Lelau has developed and led a committed team, each of whom plays an integral role in the everyday running of our group of companies. We are saddened to see him leave but we are so grateful for his courage in being part of the founding team who pursued what seemed to be an incredulous dream to disrupt the building materials industry through modern production plants and an expert management team with extensive industry knowledge. We wish Lelau the very best in his future endeavours and hope to continue working with him on part-time basis and continue to tap into his deep understanding and ability to engage with our broad stakeholder base.” Centurion 25 July 2019 ____________________________________________________________________________ Enquiries contact: Sakhile Ndlovu Sephaku Holdings Investor Relations 012 612 0210 Sponsor to Sephaku Holdings: Questco (Pty) Ltd About Sephaku Holdings Limited Sephaku Holdings Limited (“SepHold”) is a building and construction materials company with a portfolio of investments in the cement sector in South Africa. The strategy of SepHold is to generate growth and realise value for shareholders through the production of cement and ready mixed concrete in Southern Africa. The company’s core investments are a 36% stake in Dangote Cement South Africa (Pty) Ltd (formerly Sephaku Cement (Pty) Ltd) and 100% in Métier Mixed Concrete (Pty) Ltd. Date: 25/07/2019 04:30:00 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.