Transfer, cancellation and delisting of treasury shares STELLAR CAPITAL PARTNERS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/015580/06) Share code: SCP ISIN: ZAE000198586 ("Stellar Capital" or the "Company") TRANSFER, CANCELLATION AND DELISTING OF TREASURY SHARES Shareholders are referred to the announcement published on the Stock Exchange News Service on 4 June 2020 in which they were advised of Stellar Capital’s general repurchase of ordinary shares ("General Repurchase"). Shareholders are advised that 3 701 459 ordinary shares of no par value in the share capital of Stellar Capital ("Treasury shares transferred") held in treasury by its wholly-owned subsidiary, AHI Asset Management Proprietary Limited ("AHI Asset Management") have been transferred to Stellar Capital in accordance with the requirements of Section 48 of the Companies Act No. 71 of 2008 (the "Transfer"). The average acquisition cost of treasury shares by AHI Asset Management was 71.14 cents per share (in aggregate R2 633 218). The Transfer constitutes an acquisition and subsequent cancellation by Stellar Capital of the Treasury shares transferred, and is cash neutral for the Stellar Capital Group. The Treasury Shares were acquired by AHI Asset Management in terms of the general authority to repurchase shares approved by Stellar Capital shareholders at the annual general meeting held on 26 November 2019 ("General Authority"). The Company will apply to the JSE Limited ("JSE") for the cancellation and delisting of the Treasury shares transferred in due course. The Company will hold 90 000 000 ordinary shares in treasury following the cancellation and delisting of the 3 701 459 Treasury shares transferred. The Treasury Shares transferred represents 0.4% of the issued share capital of the Company immediately prior to their cancellation. Following the cancellation, the issued share capital of the Company will comprise 926 282 150 ordinary shares of no par value. Cape Town 8 June 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 08-06-2020 08:00:00 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.