Broad-Based Based Black Economic Empowerment Verification Certificate Comair Flight Services (PTY) LTD Certificate No: B-BBEE: Generic 01/07/2015/G010

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1 TLU Building, 194 James Drive, Silverton, 184 Postnet Suite 243, Private bag X15, Menlo Park, 12 Tel: (12) Fax:(12) Broad-Based Based Black Economic Empowerment Verification Certificate Comair Flight Services (PTY) LTD Certificate No: B-BBEE: Generic 1/7/215/G1 Registration No.: 213/897/7 Vat No: Physical address: Hangar 1, Lanseria International Airport Johannesburg P O Box 2523 Brooklynn Square, 75 Verification standard applied: B-BBEE Codes of Good Practice/ Sector Code Aviation Issue of the rating standard applied: Section 9 of the B-BBEE Act 53 of 23 Scorecard applied: Generic Scorecard (> R5 million annual turnover) Element Element weighting Score Ownership 2 Management Control 1 Employment Equity 15 1 Skills Development 15 Preferential Procurement Enterprise development 15 Socio-Economic Development 5 Overall Score Broad Based BEE status level : A level 9 contributor to B-BBEE BEE procurement recognition level : % Black ownership : % Black women Ownership : % Empowering Supplier (yes/no) : No Although the abovementioned is the current level of turnover/income and is closely related to the economic indicators, it may be more or less in future. Consequently, this Certificate does not serve as a guarantee that the income reflected will continue at the same levels. Based on our work performed, we have no reason to believe that the B-BBEE status reflected in this Certificate has not been determined in all material respects, in accordance with the B- BBEE Codes of Good Practice on Black Economic Empowerment, published on 9 February 27 in terms of the Broad Based Black Economic empowerment Act of South Africa. Our Independent limited assurance report dated 6 July 215 is available for inspection at the registered office Comair Flight Services (PTY) LTD together with the accompanying detailed B-BBEE Scorecard and should be referred to for an understanding of our limited assurance engagement and extent of work performed. This Certificate has been determined on the basis of information provided by management. We do not accept or assume responsibility to anyone other than those that engaged us for our work, for this report, or for the conclusion we have reached. MCM Gerber Date of Issue: 6 July 215 Registered Auditor Expiry Date: 5 July 216

2 Independent Regulatory Board for Auditors Registration number: B Name of measured entity: Comair Flight Services (PTY) LTD Certificate number: Generic 1/7/215/G1. Expiry Date: 5 July 216 MCM Gerber t/a Camira Registered Accountants & Auditors Full Name: Camira Registered Accountants & Auditor REASONABLE ASSURANCE REPORT OF THE INDEPENDENT B-BBEE APPROVED REGISTERED AUDITOR To the directors of office Comair Flight Services (PTY) LTD We have undertaken a reasonable assurance engagement on the B-BBEE Status as 6 Julie 215, as set out on page 1 of the broad-based Black Economic Empowerment ( B-BBEE ) Verification Certificate of Comair Flight Services (PTY) LTD (the Certificate ), and the Scorecard as set out on pages 3 to 6 of the Certificate. We clarify that our engagement is on the basis of information provided by management and may not be complete in all respects. Directors responsibility The Directors are responsible for the preparation of the Scorecard and determining the B-BBEE status in accordance with the Codes of Good Practice on Black Economic Empowerment ( the Codes of Good Practice ), published on 9 February 27in terms of the Broad-Based Black Economic Empowerment Act of South Africa ( the B-BBEE Act ). The directors are also responsible for such internal control as management determines is necessary to enable the preparation of information and the B-BBEE Scorecard that is free from material misstatement, whether due to fraud or error. B-BBEE Approved registered auditor s responsibility Our responsibility is to express a reasonable assurance conclusion on the B-BBEE Status reflected in the Certificate based on the procedures we have performed. We conducted out reasonable assurance engagement in accordance with the South African Standard on Assurance Engagements (SASAE): Assurance Engagements on Broad Based Black Economic Empowerment (B-BBEE) Verification Certificates. This standard requires us to comply with ethical requirements and to plan and perform this engagement to obtain reasonable assurance about whether the Certificate is free from material misstatement. A reasonable assurance engagement with respect to a B-BBEE Verification Certificate involves performing procedures to obtain evidence regarding the Scorecard and B-BBEE Status of the measured entity based on the criteria and requirements contained in the relevant Codes. The procedures selected depend on the assurance provider s judgement, including the assessment of the risks of material misstatement, whether due to fraud or error. In making those risk assessments we considered internal control relevant to the preparation of the Scorecard and the determination of the B-BBEE Status. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. Conclusion In our opinion, the B-BBEE Status reflected in the Certificate has been determined, in all material respects, in accordance with the Codes of Good Practice on Black Economic Empowerment ( the Codes of Good Practice ), published on 11 October 213 in terms of the Broad Based Black Economic Empowerment Act of South Africa ( the B-BBEE Act ). Restriction on liability Our engagement has been undertaken so that we might report to those who engaged us in accordance with the term of our engagement. We do not accept or assume responsibility to anyone other than those who engaged us for our work, for this report, or for the conclusion we have reached. M.C.M Gerber CA (SA) Sole B-BBEE approved registered auditor B-BEE Approved Registered Auditor IRBA: Registration Number B 6 July 215

3 Comair Flight Services (PTY) LTD Certificate number: Generic 1/7/215/G1. Expiry Date: 5 July 216 DOMESTIC AVIATION BEE SCORECARD-TARGETS AND TIMEFRAMES Element Criteria Weighting Ownership Sector Target 5 years Exercise voting rights in the hands of Black people % Score Exercisable voting rights in the hands of Black women 2 1.% Economic interest of Black people 4 25.% Economic interest of Black women 2 1.% Economic interest of Black natural people in the enterprise -black designated groups; -black beneficiaries in Employment Ownership Schemes; -black beneficiaries in Ownership Schemes or; -black participants in co-operations. Net Value % Same as net value targets in "the Codes" Bonus Points: involvement in the ownership of the Enterprise of Black new entrants 2 1.% Bonus Points: Involvement in the ownership of the Enterprise of Black participants in: 1. Employee Ownership Schemes 1 1.% 2. Broad-Based Ownership Schemes 3. Co-operatives Management Exercisable voting rights in the hands of Black Board members % Exercisable voting rights of Black women Board members % Black Executive Directors 1 33.%

4 Comair Flight Services (PTY) LTD Certificate number: Generic 1/7/215/G1. Expiry Date: 5 July 216 AVIATION SUB SECTOR CODE FOR B-BBEE Element Criteria Weighting Sector Target 5 years Score Black Women Executive Directors % Black Senior Top management 1 26.% Black Women Senior Top management 1 13.% Black other Top management 1 26.% Black Women other Top management 1 13.% Black people living with disabilities 1 3.% Employment Equity Bonus Points: Black independent non-executive board members Black employees in senior management 1 26.% 3 43.% Black women employees in senior management Black employees in middle management Black women employees in middle management Black employees in junior management Black women employees in junior management Black people living with disabilities Black women living with disabilities Black Pilots Black women Pilots Black Technicians Black women Technicians % 1 63.% % 1 68.% 1 34.% 1 2.% 1 1.% 1 8.% 1 3.% 1 25.% 1 3.% 1

5 Bonus Points: for meeting or exceeding EAP targets Comair Flight Services (PTY) LTD Certificate number: Generic 1/7/215/G1. Expiry Date: 5 July 216 AVIATION SUB SECTOR CODE FOR B-BBEE Skills Development Black skills development expenditure on learning programmes specified in Learning Matrix as percentage of Leviable amount Black women skills development expenditure on learning programmes specified in Learning Matrix as percentage of Leviable amount Number of Black employees participating in Learnerships or category B, C, D programmes as percentage of total employees Number of Black employees participating in Learnerships or category B, C, D programmes as percentage of total employees Skills Development Expenditure on Learning Programmes specified in the Learning Matrix for Black Employees with disabilities as a percentage of Leviable Amount Skills Development Expenditure on Learning Programmes specified in the Learning Matrix for Black Women Employees with disabilities as a percentage of Leviable Amount % 3 1.5% 3 5.% 3 2.5% 1.5.3% % Preferential Procurement Enterprise Development Procurement spent from all suppliers based on recognition levels as percentage of total measured procurement spent Procurement spent from QSE's and EME's based on recognition levels as percentage of total measured procurement spent 12 5.% % B-BBEE Procurement spent from any of the following suppliers as a percentage of Total Measured Procurement spent: 5 15.% Suppliers that are 5% Black owned (3 out of 5) or Suppliers that are 3% Black women owned (2 out of 5). Investment in Black-owned and empowered enterprises as identified in the "Benefit Factor Matrix" (Annexure 7A) as a percentage of net 15 3% of NPAT profit after tax.

6 Socioeconomic Development Socio-economic Development contributions as identified in the "Benefit Factor Matrix" (Annexure 7A) as a percentage of the net profit after tax. 5 1% of NPAT Total Comair Flight Services (PTY) LTD Certificate number: Generic 1/7/215/G1. Expiry Date: 5 July 216 B-BBEE Contributor Status Scorecard Overall Score Procurement Recognition Level: Claim value as % of Rand spend: Level % Level 2 95 points <1 125% Level 3 9 points <95 11% Level 4 8 points <9 1% Level 5 75 points <8 8% Level 6 7 points <75 6% Level 7 55 points <7 5% Level 8 4 points <55 1% Level 9/ Non-compliant < 4 %