Extension in respect of the release of the Annual Financial Statements for the year ended 31 December 2019 Arden Capital Limited (formerly Brainworks Limited) (Registration number: 115883 C1/GBL) Share Code: ACZ ISIN: MU0548S00026 (“the Company”) EXTENSION IN RESPECT OF THE RELEASE OF THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 Shareholders are referred to the announcement released on SENS on 27 March 2020, wherein the Company advised of the impact of COVID 19 on the Company and the environment in which it operates. Shareholders are further referred to the announcement released by the JSE Limited on 3 April 2020, in which it advised that the Financial Sector Conduct Authority (the “FSCA”) had granted companies with financial year-ends of 31 December 2019, 31 January 2020, 29 February 2020 and 31 March 2020 an extension of two months to complete their year-end financial reporting process. Shareholders are advised that the finalisation of the annual financial statements for the year ended 31 December 2019 is taking longer than anticipated and that the Company is likely to make use of this extension to finalise the financial results for the year ended 31 December 2019, but will endeavour to release them as soon as practicably possible and will advise the market accordingly. Grand Baie, Mauritius 09 April 2020 Sponsor Questco Corporate Advisory Proprietary Limited Date: 09-04-2020 09:23:00 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.