High Level presentation of the business rescue plan of the Stedone Group Presented by KJ Gribnitz To the Creditors meeting held on the 24 April 2013

Why were various companies placed in business rescue & what action will be taken? Place a moratorium & may compromise debt Was managed as a group regardless of it being separate companies Sureties signed for other group companies Many Intergroup loans which can be demanded Assets and liabilities in different companies Main business units carry risk for all other entities Protect the assets & contract while in BRP Consolidate the assets where necessary Dispose of non core assets & fixed costs Increase the current profitability of contracts Create a consolidated group with equity in a new holding company Introduce strict capital management techniques Reorganise the assets and the focus operations on making money again Restructure the funding of the balance sheet and Instil financial discipline Restructure the funding of the balance sheet and Instil financial discipline

Overview of the different phases and the time lines of the turnaround plan Business Rescue Restructure Operations Corporate Re-organisation Entrenchment Phase Improve financial reports Resource optimization Re-focus the business Merge skills & contracts Create incentive scheme Compliance with Act Stop ongoing losses Raise working capital Stop SARS hold on funds Communication plan Consolidate the group Create risk committee Compliance with Act Corporate Governance Appoint a new board Establish a new culture Re-launch the company Prepare 3 year plan Obtain new work Hand over the company Phase 1Phase 2Phase 3Phase 4 0 to 4 months 1 to 6 months 1 to 9 months 4 to 9 months

Remuneration of the SBRP for the Stedone Group Stedone Developments (Pty) Ltd (In Business Rescue) R 1 600,00 per hour exclusive of VAT with a maxim of R ,00 per day exclusive of VAT; Stedone Civils (Pty) Ltd (In Business Rescue) R 1 600,00 per hour exclusive of VAT with a maxim of R ,00 per day exclusive of VAT; Stedone Investments (Pty) Ltd (In Business Rescue) R 1 200,00 per hour inclusive of VAT with a maxim of R ,00 per day exclusive of VAT; Hazycrest (Pty) Ltd (In Business Rescue) R 200,00 per hour exclusive of VAT with a maxim of R 2 400,00 per day exclusive of VAT; FMG Admin Services CC (In Business Rescue) R 200,00 per hour exclusive of VAT with a maxim of R 2 400,00 per day exclusive of VAT; Sted Stores CC (In Business Rescue) R 200,00 per hour exclusive of VAT with a maxim of R 2 400,00 per day exclusive of VAT; Dura Industrial Park CC (In Business Rescue) R 200,00 per hour exclusive of VAT with a maxim of R 2 400,00 p/h inclusive of VAT; - Contingent upon the companies paying salaries and wages for the month of April 2013, and hours will be charged as a total and allocated to the various companies as above.

Thank you Karl Gribnitz