Dealing in securities by a director and by a director of a major subsidiary 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”) Dealing in securities by a director and by a director of a major subsidiary In terms of paragraphs 3.63 to 3.65 of the JSE Listings Requirements, the following information relating to dealing in securities of Alexander Forbes is disclosed: Company: Alexander Forbes Group Holdings Limited Director Name: RM Kgosana Date of Transaction: 2 December 2015 Number of Shares: 5 393 Price of Shares: 638 cents Total Value: R34 407.34 Class of Shares: Ordinary shares Nature of Transaction: On-market purchase Nature of Interest: Direct Beneficial Clearance: Yes Company: Alexander Forbes Group Holdings Limited Director Name: RM Kgosana Date of Transaction: 2 December 2015 Number of Shares: 12 314 Price of Shares: 645 cents Total Value: R79 425.30 Class of Shares: Ordinary shares Nature of Transaction: On-market purchase Nature of Interest: Direct Beneficial Clearance: Yes Company: Alexander Forbes Group Holdings Limited Director Name: RM Kgosana Date of Transaction: 2 December 2015 Number of Shares: 2 293 Price of Shares: 650 cents Total Value: R14 904.50 Class of Shares: Ordinary shares Nature of Transaction: On-market purchase Nature of Interest: Direct Beneficial Clearance: Yes Major Subsidiary: Alexander Forbes Financial Services Holdings Proprietary Limited Director Name: VK Naicker Date of Transaction: 2 December 2015 Number of Shares: 77 000 Price of Shares: 660 cents Total Value: R508 200 Class of Shares: Ordinary shares Nature of Transaction: On-market purchase Nature of Interest: Direct Beneficial Clearance: Yes 2 December 2015 Sandton Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 02/12/2015 04:53:00 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.