Changes to the board of directors KAYDAV GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/038698/06) JSE code: KDV ISIN: ZAE000108940 (“KayDav” or “the Group” or “the Company”) CHANGES TO THE BOARD OF DIRECTORS The Company wishes to advise that independent non-executive director, Jonathan Hertz, has resigned from KayDav’s board of directors (“the Board”) with effect from 31 July 2015, due to increased demands on his time from his various other responsibilities. The Board wishes to thank Jonathan, who was also chairman of the Board’s audit and risk committee and the remuneration committee, for more than seven years of committed service to the Group during which his insights and guidance assisted the Group in negotiating difficult economic conditions while establishing a healthy and solid business. We wish him well for the future. KayDav is delighted to announce the appointment of another high calibre individual to fill the vacancy left by Jonathan’s resignation. Shane van Niekerk has been appointed as independent non-executive director with effect from 1 August 2015. Shane has impressive operational and governance experience gained particularly from his 27 year career at Mr Price Group from 1983 to 2010. During this time he held various positions including the positions of Chief Operations Officer and Joint Managing Director while serving on Mr Price Group Limited’s board as executive director from 2003 until his retirement in 2010. He is currently Chief Executive Officer of Pure Pharmacy Holdings, a group owning and managing a chain of community pharmacies. We welcome Shane to the Board and look forward to working with him. Due to Jonathan’s resignation, Boitumelo Tlhabanelo, an independent non-executive director and chartered accountant, has been appointed as chairman of the Board’s audit and risk committee with effect from 1 August 2015, while Shane will chair the remuneration committee also with effect from 1 August 2015. 29 July 2015 Sponsor Java Capital Date: 29/07/2015 12:10:00 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.