SANRAL procurement policy

The South African National Roads Agency SOC Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009584/30)
Alpha code: BINRA
("SANRAL" or the "Company")

SANRAL PROCUREMENT POLICY

Further to the media release on 24 October 2023 confirming the withdrawal of its Preferential
Procurement Policy ("PPP"), so as to avert lengthy court battles associated thereto, SANRAL confirms
the following:

1.   the PPP is a sub-set of SANRAL's Procurement Policy, which policy itself remains unchanged in
     terms of overall framework, structure, processes, procedures and procurement committees; and

2.   the scoring process in the PPP has always formed part of SANRAL's Procurement Policy and the
     introduction of the PPP intended to further drive meaningful transformation in the construction
     sector following the Constitutional Court judgment that set aside the Preferential Procurement
     Policy Framework Regulations of 2017, thus rendering the previous PPP at SANRAL unlawful.

The Board of SANRAL further confirms that the Procurement Policy framework has not previously
changed, however following the withdrawal of the PPP, the Procurement Policy is now being
amended to exclude the PPP and replace it with an Interim Preferential Procurement Policy once
consultation with relevant stakeholders is finalised.

Any changes to the Procurement Policy will be announced as required in terms of the Debt Listings
Requirements.


24 October 2023

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 24-10-2023 01:24:00
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.