Appointment of independent non-executive director ALEXANDER FORBES GROUP HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 2006/025226/06) JSE Share Code: AFH ISIN: ZAE000191516 ("Alexander Forbes" or "the Company") Appointment of independent non-executive director In compliance with the JSE Listings Requirements, Alexander Forbes is pleased to announce that Ms "Totsie" BJ Memela-Khumbula, CEO of Eduloan (Pty) Ltd (Eduloan), has been appointed as an independent non-executive director of the Company with effect from 1 July 2015. In addition to her role as CEO of Eduloan, Ms Memela currently serves as Chair of executive search firm, Memela Pratt, Council Member of the University of Johannesburg as well as Director to a range of other investment companies. Ms Memela has served on the board of several organisations during her career and prior to joining Eduloan, served as Managing Director of Postbank and has experience in retail banking and financial services. Ms Memela is well qualified with a social sciences degree, a masters in public administration and has completed several executive development and management programmes. 2 July 2015 Sandton Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 02/07/2015 03:30:00 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.