1. High Level presentation of the business rescue plan of the Stedone Group Presented by KJ Gribnitz To the Employees meeting held on the 23 April 2013

2. Why were various companies placed in business rescue & what action will be taken? Place a moratorium on 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 were necessary Dispose of non core assets & fixed costs Increase the current profitability of contracts Create an 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

3. 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

4. Thank you Karl Gribnitz