Transaction in own shares Tiso Blackstar Group SE (Incorporated in England and Wales) (Company number SE 110) (registered as an external company with limited liability in the Republic of South Africa under registration number 2011/008274/10) LSE Ticker: TBGR JSE Share code: TBG ISIN: GB00BF37LF46 (“Tiso Blackstar” or the “Company”) Transaction in own shares Tiso Blackstar announces that on 15 December 2017 it purchased 21,194 ordinary shares of €0.76 each in the Company (the "Shares") at a price of R7.00 (£0.39) per share. The purchased Shares are expected to be held in treasury in accordance with applicable law. The Company has a total of 272,307,233 shares in issue and, following the above purchase, excluding the treasury shares the issued share capital of the Company will be 265,257,717. The number of Shares purchased represents 0.0078% of the total shares in issue. The Company has awarded in total 7,028,322 shares to all participants (“Participants”) under the Management Incentive Scheme (“MIS”), these shares are disclosed as treasury shares for accounting purposes. However, they have been committed to meeting the Company’s obligations to Participants under the MIS and the Participants have the right to vote these shares. The Company has a total of 7,049,516 treasury shares in issue. London 18 December 2017 For further information, please contact: Tiso Blackstar Group SE Leanna Isaac +44(0) 20 7887 6017 Northland Capital Partners Limited Tom Price/Jamie Spotswood +44(0) 20 3861 6625 JSE Sponsor: One Capital Sholto Simpson +27(0) 11 550 5000 Date: 18/12/2017 01:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.