Changes to the board SABVEST LIMITED (Incorporated in the Republic of South Africa) Registration number 1987/003753/06 ISIN: ZAE000006417 – ordinary shares ISIN: ZAE000012043 – “N” ordinary shares Share code: SBV – ordinary shares Share code: SVN – “N” ordinary shares ("Sabvest") CHANGES TO THE BOARD Shareholders are advised of the following changes to the board, effective today: Haroon Habib has retired as a director and Chairman of the Board as part of a personal decision to reduce his business commitments as he approaches age 75. Haroon has been a director and subsequently Chairman of Sabvest for 18 years. His guidance, advice, support and presence at all levels in Sabvest's activities have been invaluable. The Board extends its sincere thanks and gratitude to Haroon and wishes his wife Ruwaida and him good health and much happiness in the more relaxed years ahead. The following directors of Sabvest have kindly accepted new roles: * Philip Coutts-Trotter, currently Deputy Chairman, has been appointed Non-Executive Chairman. * Dawn Mokhobo has been appointed Independent Non-Executive Deputy Chairperson. * Nigel Hughes has been appointed Lead Independent Director. The Board now comprises seven directors of whom five are non-executive and of whom three are independent. There are no changes to the composition of the three board committees. Sandton 22 April 2014 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22/04/2014 08:10:00 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.