Trading Statement and Change in Function of Directors WORKFORCE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2006/018145/06) Share code: WKF ISIN: ZAE000087847 (“Workforce” or “the Company” or “the Group”) TRADING STATEMENT AND CHANGE IN FUNCTION OF DIRECTORS In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the year ending 31 December 2015 by management has indicated that the earnings per share and the headline earnings per share are expected to increase by at least 20%, resulting in a minimum earnings per share of 31.4 cents and a minimum headline earnings per share of 31.0 cents, compared to the earning per share of 26.2 cents and headline earnings per share of 25.8 cents for the year ended 31 December 2014. A further trading statement will be published once the Company has a greater degree of certainty with regards to its financial results for the year ending 31 December 2015. The financial information on which this trading statement is based has not been reviewed or reported on by Workforce’s auditors. Furthermore, shareholders are referred to the announcement released on SENS on 3 November 2015, wherein, inter alia, it was announced that Mr Ronald Katz, the founder and executive chairman of the Group will be interim chief executive officer, effective 31 December 2015. Accordingly, shareholders are advised that Mr John Macey, the lead independent non-executive director will become interim chairman effective 31 December 2015. As such, Mr John Macey can no longer remain chairman of the Audit and Risk committee and will accordingly step down, while still remaining a member. Ms Kyansambo Vundla, a current member, will become chairperson of the Audit and Risk committee effective 31 December 2015. Johannesburg 12 November 2015 Designated Adviser Merchantec Capital Date: 12/11/2015 10:05:00 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.