Cautionary Announcement

Name of Issuer TWK Investments Limited
Country of Incorporation ZA
Registration Number 1997/012251/06
ISIN Number ZAEZ00000034
Share Code ZXTWI

Cautionary Announcement of advanced discussions and in principal agreement reached for the acquisition of forestry assets

Shareholders are advised that the company is in advanced discussions and have in principal reached an agreement for the acquisition of forestry assets. If the transaction is successfully concluded it 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 until a further announcement is made.

By order of the Board of Directors.

MJ Potgieter

Piet Retief
7 November 2019