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Renewal of Cautionary Announcement

("Union Atlantic" or "the Company")
(Registration Number 1998/001940/06)
Share Code: UAT
ISIN: ZAE000254314

Renewal of Cautionary Announcement

Further to the cautionary announcement dated 18 October 2019, 29 November 2019
and 10 January 2020, shareholders are advised that negotiations are still in progress
with parties relating to a potential strategic transaction, which if successfully concluded
may have a material effect on the price of the Companys securities. Accordingly,
shareholders are advised to continue to exercise caution when dealing in the Companys
securities until a further announcement is made.

14 February 2020
Sponsor and Corporate Advisor
River Group

Date: 14-02-2020 03:15:00
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