Astoria Investments : Termination of Astoria’s secondary listing on the Namibian stock exchange

ASTORIA INVESTMENTS LTD (Incorporated in the Republic of Mauritius) (Registration number 129785 C1/GBL) SEM share code: ATIL.N0000

JSE share code: ARA NSX share code: ARO

ISIN: MU0499N00007

("Astoria" or "the Company")

TERMINATION OF ASTORIA'S SECONDARY LISTING ON THE NAMIBIAN STOCK EXCHANGE

Astoria shareholders are advised that Astoria shares will be delisted from the Namibian Stock Exchange ("NSX") as soon as practically possible. Astoria will remain listed on the SEM and the Alternative Exchange of the JSE ("AltX").

Astoria has maintained a listing of all the issued ordinary shares of Astoria by way of a secondary listing on the NSX with effect from 10 February 2016 under the NSX share code "ARO".

As there are currently no Astoria shares held by any shareholder on the NSX, the secondary listing of all the Astoria shares on the NSX will be suspended and terminated with effect from 31 January 2020 or at such times and such dates as will be approved by the NSX.

Astoria has primary listings on the Stock Exchange of Mauritius and the Alternative Exchange of the JSE, and a secondary listing on the main board of the Namibian Stock Exchange.

27 January 2020

This communique has been issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The Board of Directors of Astoria accepts full responsibility for the accuracy of the information contained in this communique.

JSE designated advisor

NSX sponsor

SEM authorised representative and sponsor to Astoria