ALEXANDER FORBES GROUP HOLDINGS LIMITED - Retirement of group chief executive and interim executive appointments

Retirement of group chief executive and interim executive appointments

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” or "the Group")

RETIREMENT OF GROUP CHIEF EXECUTIVE AND INTERIM EXECUTIVE
APPOINTMENTS

In compliance with the JSE Limited Listings Requirements,
Alexander Forbes announces the early retirement of the Group Chief
Executive Mr Edward Kieswetter, who is leaving the Company after
six years to pursue other interests.

Mr Kieswetter approached the Board indicating that, for personal
reasons, he wishes to retire from the Company at the end of March
2017.   In considering his request, the Board and Mr Kieswetter
agreed that in order to provide leadership continuity, and to
allow the Board to commence with its succession plan, Mr
Kieswetter will step down as Group Chief Executive with effect
from 8 February 2016. Whilst serving his notice and until his
retirement, he will be available to the Group to assist with a
smooth transition and serve on projects as and when required by
the Board.

Mr Sello Moloko, the Board’s Non-executive Chairman will act as
Executive Chairman until a new Group Chief Executive is appointed,
a role he previously held prior to the listing of the Company. Mr
Mark Collier continues as the Board’s lead independent director.
In addition, Mr Deon Viljoen, the Group Chief Financial Officer,
has agreed to assume the role of interim Group Chief Executive,
with immediate effect. The Board is confident that this will
ensure a smooth transition and continuation of the Group’s long-
term strategy.

The Company will shortly commence the process of recruiting and
appointing a suitably qualified and experienced Chief Executive
Officer and an announcement in this regard will be made in due
course.

The Board would like to thank Mr Kieswetter for his contribution
to the Group during his six-year tenure, which saw a significant
strategic repositioning of the Group and its successful listing in
2014.     The Board wishes him well during his well-earned
retirement.

Mr Moloko stated: “Alexander Forbes has an experienced and capable
executive team who remain committed to delivering on its stated
strategic objectives.”

8 February 2016
Sandton

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 08/02/2016 09:04:00 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.