Changes to the Board of Directors SAFARI INVESTMENTS (RSA) LIMITED Approved as a REIT by the JSE Limited Incorporated in the Republic of South Africa (Registration number: 2000/015002/06) Share code: SAR ISIN Code: ZAE000188280 (“Safari” or “the Company”) CHANGES TO THE BOARD OF DIRECTORS In compliance with rules 3.59(a) and (b) of the Listings Requirements of the JSE Limited, shareholders of the Company are hereby advised that Mr Daan van Straten has resigned as the Financial Director of the Company with effect from 26 February 2015 and that Mr Zach Engelbrecht has been appointed as the new Financial Director of the Company, with effect from the same date. Zach completed his MComm Hons in 2003 and holds a MBA and Masters degree in International Taxation. Zach has more than 12 years of industry experience, and held the position of finance manager within the Glencore Xstrata group prior to joining Safari in January 2014 where he fulfilled the position of Chief Financial Officer of the Company. The Company wishes to thank Mr van Straten for his valued contributions during his tenure as Financial Director of the Company. Mr van Straten will be actively involved in a 2 month handover period. 26 February 2015 Pretoria Sponsor PSG Capital (Pty) Limited Date: 26/02/2015 02:40:00 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.