SASFIN HOLDINGS LIMITED - Changes to the Board

Changes to the Board

SASFIN HOLDINGS LIMITED
(Incorporated In the Republic Of South Africa)
(Registration Number 1987/002097/06)
(“Sasfin” or “the Company”)
Ordinary share code: SFN ISIN: ZAE000006565
Preference share code: SFNP ISIN: ZAE000060273

CHANGES TO THE BOARD

In terms of paragraph 3.59 of the JSE Limited Listings Requirements,
shareholders are advised that Mr MEE Sassoon has been appointed as an
executive director to the Company with effect from 23 October 2015, while
Mr MG Lane, following his promotion to Acting Chief Risk Officer has resigned
as alternate director with effect from 23 October 2015.


Appointment of Mr MEE Sassoon


The Board has, in terms of its succession planning strategies, considered and
approved the appointment of Mr MEE Sassoon as an Executive Director of
both Sasfin Holdings Limited and its wholly-owned subsidiary, Sasfin Bank
Limited.


Mr MEE Sassoon holds a BCompt Degree from Unisa and a Masters Degree
in Business Administration from the University of Rochester in New York
State, USA.


Mr MEE Sassoon is currently an alternate director, heading the Wealth and
Capital Divisions of Sasfin. It is envisaged that Mr MEE Sassoon will assume
responsibility for the Transactional Banking Division during the forthcoming
year.


Resignation of Mr MG Lane


Mr MG Lane has been appointed Acting Chief Risk Officer with effect from
23 October 2015. In order to ensure that an independent and arms-length
relationship between the Board and the function of the Chief Risk Officer is
maintained, and in line with the South African Reserve Bank requirements, Mr
Lane has tendered his resignation as an alternate director.

Johannesburg
27 October 2015


Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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