Directors dealing in securities Value Group Limited (Incorporated in the Republic of South Africa) Registration number: 1997/002203/06 Share code: VLE ISIN: ZAE000016507 DIRECTORS DEALING IN SECURITIES In compliance with Rules 3.63- 3.74 of the JSE Listings Requirements, the following information is disclosed: Company Director Dr. Matthews Phosa Date of transaction 6 August 2015 Number of shares 50 000 Price of shares (low) R3.40c per share Price of shares (high) R3.49c per share Volume weighted average price R3,409c per share Value of transaction R170 450.00 Class of shares Ordinary shares Nature of transaction Sale - on market Nature of interest Direct beneficial Compliance and clearance Clearance was not obtained in terms of par. 3.66 of the JSE Listings Requirements. Company Director Dr. Matthews Phosa Date of transaction 7 August 2015 Number of shares 51 500 Price of shares (low) R3.40c per share Price of shares (high) R3.46c per share Volume weighted average price R3,405c per share Value of transaction R175 370.00 Class of shares Ordinary shares Nature of transaction Sale - on market Nature of interest Direct beneficial Compliance and clearance Clearance was not obtained in terms of par. 3.66 of the JSE Listings Requirements. Company Director Dr. Matthews Phosa Date of transaction 11 August 2015 Number of shares 103 000 Price of shares (low) R3.40c per share Price of shares (high) R3.44c per share Volume weighted average price R3,401c per share Value of transaction R350 320.00 Class of shares Ordinary shares Nature of transaction Sale - on market Nature of interest Direct beneficial Compliance and clearance Clearance was not obtained in terms of par. 3.66 of the JSE Listings Requirements. Johannesburg 9 February 2016 Sponsor: lnvestec Bank Limited Date: 09/02/2016 01:20:00 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.