Tranche Update on Value Group Limited's Equity Buyback Plan announced on October 24, 2018.

Value Group Limited is a holding company. The Company, through its subsidiaries, provides a range of logistical solutions throughout South Africa. Its operating divisions specialize in providing a range of supply chain services, which include distribution, transport, clearing and forwarding, warehousing, container and fleet management, forklift, and commercial vehicle rental and leasing. The Company's segments include General distribution, Truck rental and other, and Head office and other. The General distribution segment is engaged in activities, including break-bulk and single party distribution and warehousing services to a range of customers in the automotive, fast moving consumer goods (FMCG), electronics, chemical, textile, packaging, mining, construction, telecommunications and pharmaceutical industries. The Truck rental and other segment includes fleet management, forklift and commercial vehicle rental and leasing, clearing and forwarding, and container handling.