Scheme Unconditional Date Announcement TISO BLACKSTAR GROUP SE (Incorporated in England and Wales) (Registration number: SE000110) (Registered as an external company with limited liability in the Republic of South Africa under registration number: 2011/008274/10) Share code: TBG ISIN: GB00BF37LF46 ("Tiso Blackstar" or "the Company") SCHEME UNCONDITIONAL DATE ANNOUNCEMENT Capitalised terms used below and elsewhere in this announcement and that are not otherwise defined, bear the meaning ascribed to them in the circular distributed to Tiso Blackstar shareholders on 31 July 2020 (“Circular”). Shareholders are referred to the Circular and the announcement regarding the fulfilment of certain conditions precedent and the revised important dates and times relating to the Scheme, published on SENS on 10 November 2020. Tiso Blackstar is pleased to announce that all the Conditions, as detailed in the Circular, have been fulfilled, and accordingly the Scheme has become unconditional. Accordingly, shareholders are advised that the Scheme will be implemented in accordance with the final important dates and times set out below: 2020 Scheme Unconditional Date Friday, 20 November Scheme Effective Date on Friday, 20 November, after 15:00 GMT (17:00 SAST) Scheme Unconditional Date announcement to be published in the press on Monday, 23 November Scheme Consideration payment to Dematerialised Tiso Blackstar Shareholders who hold Exit Election Shares on Monday, 23 November Scheme Consideration payment to Certificated Tiso Blackstar Shareholders who hold Exit Election Shares to take place within 5 Business Days of the Scheme Effective Date Monday, 23 November Termination of listing of Shares on the JSE at commencement of trade on Tuesday, 24 November London 20 November 2020 Sponsor Corporate Advisor English Legal PSG Capital Vestra Advisory advisor Paul Hastings Independent Expert Independent Reporting Accountants SA Legal Advisor Deloitte & Touche and Cliffe Dekker BDO PricewaterhouseCoopers Hofmeyr Date: 20-11-2020 05:10:00 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.