Changes to the board of directors ASTORIA INVESTMENTS LTD (Incorporated in the Republic of Mauritius) (Registration number 1297585 C1/GBL) SEM share code: ATIL.N0000 JSE share code: ARA NSX share code: ARO ISIN: MU0499N00007 (“Astoria” or “the Company”) CHANGES TO THE BOARD OF DIRECTORS Shareholders are advised that Ms Kate Holland has resigned as a non-executive director of the Company with effect from 17 October 2016. The board of directors (“the Board”) would like to thank Ms Holland for her valuable contribution in the establishment of the Company and implementing its internal corporate governance. The Board further announces the appointment of Mr Daniel Romburgh (Bachelor of Commerce (Hons), Financial Analysis and Portfolio Management) as a non-executive director of the Company in place of Ms Holland. Mr Romburgh’s appointment will come into effect upon his appointment being confirmed at the Board meeting held on 17 October 2016. Mr Romburgh has many years experience in the management of international fund administration. He has and continues to serve on the boards of a number of listed companies. This notice is issued pursuant to SEM Listing Rule 11.3. The Board of Astoria Investments Ltd accepts full responsibility for the accuracy of the information contained in this announcement. Astoria has its primary listing on the Stock Exchange of Mauritius and secondary listings on the AltX of the JSE and on the NSX. 17 October 2016 JSE sponsor Java Capital SEM authorised representative Capital Markets Brokers NSX sponsor Namibia Equity Brokers Date: 17/10/2016 02:07:00 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.