SASFIN HOLDINGS LIMITED - Renewal of cautionary announcements

Renewal of cautionary announcements

Sasfin Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1987/002097/06)
Ordinary share code: SFN ISIN: ZAE000006565
Preference share code: SFNP ISIN: ZAE000060273
(“Sasfin” or “the Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENTS

Transaction regarding the acquisition of Absa Technology Finance Solutions Proprietary
Limited’s (“ATFS”) loan book

Sasfin shareholders (“Shareholders”) are referred to the announcement published on 13 March 2017
wherein they were advised that Sasfin or its nominee (“Purchaser”) had concluded a binding offer with
ATFS, in terms of which the Purchaser will acquire ATFS’ entire loan book (“Acquisition”), subject to
certain conditions precedent.

The audited value of the net assets that are the subject of the Acquisition and the audited profit after
tax attributable to such net assets are still being finalised and will be provided to Shareholders in due
course. Accordingly, Shareholders are advised to continue exercising caution when dealing in the
Company’s securities until this information is made available.

Transaction with Women Investment Portfolio Holdings Limited (“WIPHOLD”)

Shareholders are referred to the cautionary announcement published on 16 March 2017 wherein they
were advised that WIPHOLD had confirmed its interest (“Expression of Interest”) to conclude a
transaction with Sasfin upon implementation of which, WIPHOLD will hold 25.1% of the ordinary
shares in the issued capital of Sasfin (“Transaction”).

The Transaction is subject to, inter alia:
- the conclusion of binding formal agreements required to give effect to the Transaction (“Definitive
   Agreements”); and
- the receipt of all and any required directors’, shareholders’, governmental and regulatory
   (including that of the South African Reserve Bank) approvals required to give effect to the
   Transaction / Definitive Agreements.

As the parties have not yet concluded the Definitive Agreements embodying the terms and conditions
of the Expression of Interest, Shareholders are advised to continue exercising caution when dealing in
the Company’s securities until a further announcement with regard to the Transaction is made.

Johannesburg
28 April 2017

Investment Bank, Corporate Adviser and Lead Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

Independent Sponsor
KPMG Services Proprietary Limited

Legal Adviser to Sasfin regarding the Acquisition
Werksmans Attorneys

Legal Adviser to Sasfin regarding the Transaction
Edward Nathan Sonnenbergs Incorporated

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