Cautionary Announcement

Brait SE
(Registered in Malta as a European Company)
(Registration No.SE1)
Share code: BAT ISIN: LU0011857645
Share Code: BATP ISIN: MT0000680208
(“Brait” or “the Company”)

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that Brait has entered into negotiations which, if successfully concluded, may have a material effect on the price of the Company´s securities.

Accordingly, shareholders are advised to exercise caution when dealing in the Company´s securities.

19 September 2014

The Company´s primary listing is on the Euro MTF market of the Luxembourg Stock Exchange and secondary listing on the Johannesburg Stock Exchange.

Sole Financial Adviser and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)