Directorate Changes TRADEHOLD LIMITED (Registration number: 1970/009054/06) ("Tradehold" or "the Company") Incorporated in the Republic of South Africa JSE Share code: TDH ISIN: ZAE000152658 Changes in Directorate In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, Tradehold shareholders are advised that with effect from 27 May 2014, Messrs C Moore, C Stassen and J D Wiese resigned as directors of the Company with Mr. J D Wiese being appointed alternate director to Dr. C H Wiese. On the same day Dr. C H Wiese’s position changed from executive to non-executive director and Mr H R W Troskie assumes the role of lead independent director. The Company is pleased to announce that the following new directors were appointed with effect from 27 May 2014; Messrs F H Esterhuyse (joint chief executive with Mr. T A Vaughan), D A Harrop (executive), J M Wragge (non-executive) and Ms. K L Nordier (financial director). In terms of the Memorandum of Incorporation of the Company, Messrs C H Wiese, F H Esterhuyse, D A Harrop, J M Wragge and Ms K L Nordier retire as directors of the company at the annual general meeting but, being eligible, offer themselves for re- election. Company Secretary On 27 May 2014 Mr. J F Pienaar resigned as Company Secretary and Mr. F M ver Loren van Themaat was appointed in his stead with effect from the same day. 27 May 2014 Cape Town Sponsor Bravura Capital (Pty) Ltd Date: 27/05/2014 05:30:00 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.