Appointment of Chief Executive GROUP FIVE LIMITED (Incorporated in the Republic of South Africa) (Registration number 1969/000032/06) Share code: GRF ISIN: ZAE 000027405 ("Group Five" or "the company" or "the group") APPOINTMENT OF CHIEF EXECUTIVE Subsequent to the SENS released on 13th August 2014 in which shareholders were advised that Chief Executive Officer, Mike Upton, is approaching the group’s executive retirement age, the board has accordingly completed a process to appoint Mike Upton’s successor. The Board is pleased to announce the appointment of Eric Vemer as Chief Executive Officer Designate in succession to Mike Upton. Eric will commence his appointment as group Chief Executive Officer on 1st December 2014. His appointment follows an extensive selection process from a group of carefully selected and competitive internal and external candidates. The Board is pleased to announce that an internal candidate has been appointed and is confident that Eric will successfully lead Group Five into the future off the solid base created over the last few years. Eric is 49 years old and holds a BSc. Civil Engineering Degree (First Class Honours) and an MBA from the University of Cape Town and recently completed an executive development programme at Harvard University in the United States of America. Eric joined Group Five in 2005 and has broad and geographically diverse experience in the engineering, contracting, consulting, manufacturing, project finance and infrastructure concessions sectors. He is a member of the Group Executive Committee and was managing director of the strong performing Investment and Concessions cluster and a key participant in the group’s strategy development group, leading many of the group’s acquisition and disposal activities and BBBEE transactions. This appointment allows for an orderly handover of responsibility for the future of the group over the coming two months to 1st December 2014. During this time, and for a period thereafter, Mike Upton will support the transition and assume specific projects for the group. Johannesburg 23 September 2014 Investment Bank and Sponsor Nedbank Capital Date: 23/09/2014 08:16:00 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.