Cautionary announcement and withdrawal of resolution to be tabled at Annual general meeting ("AGM") 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") CAUTIONARY ANNOUNCEMENT AND WITHDRAWAL OF RESOLUTION TO BE TABLED AT ANNUAL GENERAL MEETING (“AGM”) Cautionary announcement Shareholders are advised that the Stellar Capital board (“Board”) is considering various proposals in order to achieve the Company’s strategic objectives which include the following: 1) addressing the empowerment status of the Company; 2) evaluating the Management Company structure and Stellar Capital’s continued listing; 3) the optimal deployment of available cash resources and appropriate levels of gearing; and 4) ultimately narrowing the discount between the reported NAV per share and the share price of the Company. The advancement of any, or a combination, of the above proposals may have a material effect on the price of Stellar Capital’s securities and, accordingly, shareholders are advised to exercise caution when dealing in Stellar Capital’s securities until either a further announcement is made or this cautionary announcement is withdrawn. Withdrawal of resolution to be tabled at AGM The provisions of paragraph 5.72 of the JSE Listings Requirements prohibit a company from requesting approval from shareholders for, or to effect, repurchases of securities during a closed period. As a result of the above cautionary announcement, shareholders are advised that special resolution number 1, which seeks a general authority for the Company to repurchase shares, is hereby accordingly withdrawn from consideration at the Company’s upcoming AGM, to be held on 24 November 2020. The withdrawal of special resolution number 1 from the AGM does not affect any proxy form already submitted, or to be submitted, in respect of other resolutions to be presented at the AGM. Cape Town 18 November 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18-11-2020 09:30:00 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.