We Certify that

Company Address: C/O Amber & Serenade Roads, Elandsfontein, Johannesburg Registration Number: 1988/070218/07, VAT Number: 4030195855,

Level 7 (Seven) Contributor BEE RATING

BEE PROCUREMENT RECOGNITION LEVEL 50%

BROAD–BASED BEE

Element Score Analysis Results Ownership 15.22 Black Ownership 14.90%

Management Control 1.88 Black Woman Ownership 6.94% Skills Development 7.81 Designated Group Supplier No Enterprise & Supplier Development 41.00 Empowering Supplier Yes Socio-Economic Development 5.00 Discounted Principle Applied Yes

Total Points Scored 70.91 Modified Flow Through Principle Applied No

Effective Date 24 November 2017 Expiry Date 23 November 2018

Verification Analyst L.Nel Certificate Number HR/GEN/1354/17

HC Heat Exchangers (Pty) Ltd

VERIFICATION CERTIFICATE

(Generic Scorecard)

HasbeenauditedforcompliancewiththeB-BBEEActNo.53of2003andtheCodesofGoodPracticeGazetteNo.36928of2013andhasachievedthefollowing:

Date: 24 November 2017 Verification Manager

Kyle Mitchell Honeycomb BEE Ratings