NU-WORLD HOLDINGS LIMITED - Appointment of a director

Appointment of a director

Nu-World Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1968/002490/06)
Share Code: NWL       ISIN: ZAE000005070
(“the Company”)

CHANGE TO THE BOARD OF DIRECTORS

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements
shareholders are advised of a change to the board of directors (“Board”) as set out
below.

Appointment of Mr Frank Davidson as an independent non-executive director

Mr Frank Davidson has been appointed as an independent non-executive director to
the Board with effect from 1 March 2016.

Frank is a CA (SA) and has diverse business experience at an executive level. We
believe his 25 years of business involvement will add value to our board and
shareholders. Frank is currently involved in a number of other unlisted businesses.

The Board welcomes Frank and looks forward to his contribution as a director of the
Company.

Johannesburg
25 February 2016

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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