Notice to Shareholders

20 May 2010

Shareholders are hereby advised that Cresta Marakanelo Limited (“Cresta Marakanelo” or “the Company”), a company in which TA Botswana (Proprietary) Limited (a member of the TA Group) owns 40% of the stated share capital, will be listed on the Botswana Stock Exchange with effect from 17 June 2010 (“The Listing”).

The salient features of the Listing and related matters are as follows:

The Botswana Development Corporation, TA Botswana’s co-shareholder in Cresta Marakanelo, which currently holds 60% of the stated share capital of the Company, will reduce this holding to 26% through a private placement of 10% of the total stated share capital of the Company (“the Shares”), a public offering of 22% of Shares and the sale of 2% of the Shares to an employee share trust. The Listing is not aimed at raising additional capital;

Prior to the Listing, Cresta Holdings (Proprietary) Limited, a wholly owned subsidiary of Trans Industries (Proprietary) Limited (a member of the TA Group) which is domiciled in Botswana, signed a new 10-year Management Agreement with Cresta Marakanelo, which will run from 1 January 2010 until 1 January 2020, with an option to renew for a further 10 years; and

The primary objective of the Listing is to give Batswana citizens an opportunity to participate in the Company. The Listing will also give employees of the Company a similar opportunity.

The Board of TA Holdings welcomes the Listing and the opportunities for growth that it is expected to bring. Shareholders will be advised of the outcome of the Listing in due course.

By Order of the Board
TA Management Services (Private) Limited
Secretaries

20 May 2010.