Dealings in Securities by Directors and Directors of Major Subsidiaries WORKFORCE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2006/018145/06) Share code: WKF ISIN: ZAE000087847 (“Workforce” or “the Company” or “the Group”) DEALINGS IN SECURITIES BY DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES In compliance with paragraph 3.63 to 3.74 (both inclusive) of the Listings Requirements of the JSE Limited, the following information is disclosed wherein share appreciation rights have been awarded to directors of Workforce and the major subsidiaries, in terms of the share appreciation rights scheme as approved by shareholders. In all instances below: Nature: Acceptance of share appreciation rights off market Date on which options were accepted: 25 October 2016 Strike price: 155 cents The vesting date: 25 October 2019 The expiry date: 25 December 2019 The extent of the directors’ interest: Direct beneficial Clearance obtained: Yes Number of Notional value share of share Name of Director Company appreciation appreciation rights rights Philip Froom Workforce Holdings Ltd 5 325 000 R8 253 750 Willem van Wyk Workforce Holdings Ltd 750 000 R1 162 500 Sean Momberg The Workforce Group (Pty) Ltd 1 500 000 R2 325 000 Steven Herscovitz The Workforce Group (Pty) Ltd 400 000 R620 000 Evelyn Vanassche The Workforce Group (Pty) Ltd 160 000 R248 000 Carol Knoetze The Workforce Group (Pty) Ltd 120 000 R186 000 Dermot Byrne The Workforce Group (Pty) Ltd 100 000 R155 000 Rachel Hough The Workforce Group (Pty) Ltd 100 000 R155 000 Duan Nortje The Workforce Group (Pty) Ltd 100 000 R155 000 Georgina Botha The Workforce Group (Pty) Ltd 100 000 R155 000 Frieda Hall The Workforce Group (Pty) Ltd 80 000 R124 000 Johanna Nagel The Workforce Group (Pty) Ltd 50 000 R77 500 Preshene Batohi The Workforce Group (Pty) Ltd 40 000 R62 000 Adriana Bekker The Workforce Group (Pty) Ltd 30 000 R46 500 Johannesburg 25 October 2016 Designated Adviser Merchantec Capital Date: 25/10/2016 05:00:00 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.