Dealing in securities by a director of the company and a director of a major subsidiary company 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”) DEALING IN SECURITIES BY A DIRECTOR OF THE COMPANY AND A DIRECTOR OF A MAJOR SUBSIDIARY COMPANY 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: E Chr. Kieswetter Date of transaction: 4 December 2015 Number of shares: 50 000 Price of shares: 650 cents Total Value: R325 000 Class of shares: Ordinary shares Nature of transaction: On-market purchase Nature of interest: Direct beneficial Clearance: Yes Company: Alexander Forbes International Limited Director name: G Stobart Date of transaction: 4 December 2015 Number of shares: 33 768 Price of shares: 650 cents Total value: R219 492 Class of shares: Ordinary shares Nature of transaction: On-market purchase Nature of interest: Direct beneficial Clearance: Yes 7 December 2015 Sandton Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07/12/2015 07:32:00 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.