Appointment of Independent Non-Executive Director Coronation Fund Managers Limited (Incorporated in the Republic of South Africa) (Registration number 1973/009318/06) ISIN: ZAE000047353 Share code: CML ("Coronation" or “the Company”) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the Company advises that Dr Hugo Nelson has been appointed as an independent non-executive director to the board of directors (“the Board”) of Coronation with effect from 7 November 2016. Dr Nelson has a wealth of experience in the South African asset management industry, and a deep knowledge of Coronation. He held the role of Chief Executive Officer of Coronation from 2007 to 2013, having joined the business as an equity analyst in 1999 before progressing to portfolio manager, responsible for managing both institutional and retail assets. Chairman Shams Pather commented: “Coronation is delighted to welcome Hugo to the Board. His perspective and experience will be a valuable addition and we look forward to his contribution to the business in this new capacity.” Dr Nelson serves as a trustee of the DG Murray Trust and is a patron of George Whitfield Theological College. Dr Nelson is a CFA charterholder and holds an MBA. Cape Town 7 November 2016 Sponsor to Coronation Deutsche Securities (SA) Proprietary Limited Date: 07/11/2016 04:30:00 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.