Disclosure of Assets under Management and Advice ANCHOR GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2009/005413/06) (“Anchor” or “the Company”) ISIN Code: ZAE000193389 JSE Code: ACG DISCLOSURE OF ASSETS UNDER MANAGEMENT AND ADVICE In the interests of transparent communication with shareholders, the Directors of Anchor disclose the following group-wide assets under management and advice at 31 December 2015: December 2015 reconciliation of assets under advice and management 4Q 4Q End End growth growth Dec End Sept June End Dec R’bn (%) (R’bn) 2015 2015 2015 2014 Assets under management 43% 6.8 22.5 15.7 13.5 7.3 Assets under advice 104% 5.9 11.6 5.7 1.5 1.3 Total 59% 12.7 34.1 21.4 15.0 8.6 Anchor continued to grow its assets under advice and management in the fourth quarter of 2015 in a local equity market that was up 1.4% up for the period. The total assets at 31 December 2015 were R34.1 billion. Significant growth was experienced in CIS (“Collective Investment Schemes” or unit trusts) and offshore assets under management. Assets under management were up R6.8 billion (+43%) for the quarter and are up R15.2 billion (+209%) for the 2015 year. 70% of the growth in assets under management in the fourth quarter was of an organic nature. The assets above exclude those of Capricorn Fund Managers. Anchor announced the commercial terms for the acquisition of 47.4% of this business on 14 October 2015, but the conditions precedent are still in the process of being fulfilled. Johannesburg 7 January 2016 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 07/01/2016 02:30:00 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.