Quarterly report in terms of Banks Act Regulation 43(1)(e)(ii) 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 Group”) SASFIN HOLDINGS LIMITED / SASFIN BANK LIMITED CAPITAL ADEQUACY QUARTERLY REPORT 30 September 2014 Quarterly Report in terms of Regulation 43 (1) (e) (ii) of the Banks Act 1990 (as amended). Sasfin Holdings Limited and Sasfin Bank Limited are required in terms of the requirements of the Banks Act and Basel III, to report on its capital management plan, capital strategy, capital structure, capital adequacy and leverage ratio publicly. The Group's capital management plan and strategy are fully disclosed in the Group's Integrated Report 2014 and Audited Annual Financial Statements which are available at www.sasfin.com or from the Company Secretary. Sasfin Holdings Limited and Sasfin Bank Limited capital structure, capital adequacy and leverage ratio levels as at 30 September 2014 in terms of the on-going reporting requirements for quarterly disclosure per Pillar 3 of the Basel III Accord are disclosed below. Sasfin Bank and Sasfin Bank Limited Sasfin Holdings Limited Subsidiaries R'000 % R'000 % R'000 % Capital Structure and Capital Adequacy levels 1. Total risk weighted assets and exposures 5 608 160 4 434 613 3 999 180 Credit risk 3 299 655 3 080 923 2 887 118 Operational risk 808 434 461 929 382 020 Market risk 211 280 211 280 2 157 Equity investment risk 718 367 155 700 155 700 Securitisation risk 453 784 453 784 453 784 Other risk 116 639 70 996 118 402 2. Common equity Tier 1 capital 1 009 971 18.01 905 437 20.42 700 556 17.52 Share capital and premium 144 327 313 476 313 476 Distributable reserves and other 1 136 973 672 772 418 010 Prescribed deductions and non-qualifying reserves -29 554 -12 145 -30 930 Intragroup investments -241 775 -68 666 0 3. Additional Tier 1 capital Non-redeemable preference share capital 159 422 2.84 - - - - 4. Total Tier 1 capital 1 169 394 20.85 905 437 20.42 700 556 17.52 5. Tier 2 capital 116 591 2.08 75 591 1.70 74 819 1.87 65 960 65 960 65 960 Sub-ordinated debt 45 898 4 898 4 898 General other reserves 4 733 4 733 3 961 General allowance for credit impairment Total qualifying capital and capital adequacy ratio 1 285 985 22.93 981 028 22.12 775 375 19.39 6. Minimum required capital and reserves 560 816 10.00 443 461 10.00 399 918 10.00 Leverage Levels 7. Total Exposures for Leverage disclosure 9 265 365 7 146 208 4 894 102 Leverage ratio (Total Tier 1 capital / Total 8. exposures) 12.62 12.67 14.31 9. Minimum required Leverage Ratio 3.00 3.00 3.00 10. The South African economy continues to face a worsening growth outlook resulting from prolonged levels of labour unrest, rising unemployment and rand weakness. The South African government envisages a continuation of this sub-trend economic growth accompanied by a higher than anticipated budget deficit. Notwithstanding these concerns, Sasfin remains well capitalised with Total Capital Adequacy, Tier 1 Capital Adequacy and leverage ratios significantly exceeding minimum regulatory requirements. 3 November 2014 Johannesburg Lead Sponsor KPMG Services (Pty) Limited Joint Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 03/12/2014 10:30:00 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.