No Change Statement And Notice Of Annual General Meeting DENEB INVESTMENTS LIMITED Registration number: 2013/091290/06 (Incorporated in the Republic of South Africa) JSE share code: DNB ISIN: ZAE000197398 (“Deneb” or the “Company”) NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING NO CHANGE STATEMENT, POSTING OF INTEGRATED ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders are hereby advised that Deneb’s integrated report, containing the audited group financial statements for the year ended 31 March 2019, was dispatched to shareholders today, 31 July 2019, and contains no modifications to the reviewed results which were announced on SENS on 23 May 2019. The integrated report is also available at http://deneb.co.za/2019iar/. NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the annual general meeting (“AGM”) will be held at 09:00 am Thursday, 12 September 2019, at the offices of Hosken Consolidated Investments Limited, Suite 801, 76 Regent Road, Sea Point to transact the business as set out in the notice of AGM which forms part of the integrated report. The date on which shareholders must be recorded as such in the share register of the Company to be eligible to vote at the AGM is Friday, 6 September 2019, with the last day to trade being Tuesday, 3 September 2019. Cape Town 31 July 2019 Sponsor PSG Capital Date: 31/07/2019 04:00:00 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.