Dealings in securities by director and director and associate of director of major subsidiary of the company EFFICIENT GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 2006/036947/06) JSE share code: EFG ISIN: ZAE000151841 (“the company” or “EFG”) DEALINGS IN SECURITIES BY A DIRECTOR AND BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY OF THE COMPANY Shareholders are advised of the following information relating to the dealings in securities by a director and by a director and an associate of a director of a major subsidiary of EFG: Name of director: Christo Burger Transaction date: 23 May 2014 Class of securities: Ordinary shares Number of securities: 300 000 Price per security: R2.68 Total value of transaction: R804 000.00 Nature of transaction: Off-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Christo Burger Transaction date: 23 May 2014 Class of securities: Ordinary shares Number of securities: 16 000 Price per security: R1.90 Total value of transaction: R30 400.00 Nature of transaction: Off-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: Arend de Waal Trust Name of director and relationship to director: Arend de Waal, who is a trustee and beneficiary of the Arend de Waal Trust Name of subsidiary company: Verso Investment Services (Pty) Ltd Transaction date: 23 May 2014 Class of securities: Ordinary shares Number of securities: 16 000 Price per security: R1.90 Total value of transaction: R30 400.00 Nature of transaction: Off-market purchase Nature and extent of director’s interest: Indirect beneficial Name of director: Walter Borthwick Name of subsidiary company: Verso Investment Services (Pty) Ltd Transaction date: 23 May 2014 Class of securities: Ordinary shares Number of securities: 500 Price per security: R2.31 Total value of transaction: R1 155.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes 27 May 2014 Sponsor Java Capital Date: 27/05/2014 03:40:00 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.