WIL 201807120015A Change in a major shareholder Wilderness Holdings Limited (Registration number 2004/2986) (Registered as an external company in South Africa Registration number 2009/022894/10) ISIN: BW0000000868 Share code: WIL (“Wilderness” or “the Company”) CHANGE IN A MAJOR SHAREHOLDER Shareholders are advised that The Rise Fund, a social impact investment fund managed by TPG Growth, has notified the Company that it has purchased 80,697,582 Wilderness ordinary shares representing approximately 34% of the shares in issue. The shares acquired by The Rise Fund were acquired from Wine Investments Limited. Wine Investments Limited has now disposed of its entire holding in the Company. 12 July 2018 By Order of the Board Lu-Anne Alexander Group Company Secretary Sponsor Arbor Capital Sponsors Proprietary Limited Date: 12/07/2018 09:44:00 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.