Cautionary renewal Sasfin Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number 1987/002097/06) Ordinary share code: SFN ISIN: ZAE000006565 Preference share code: SFNP ISIN: ZAE000060273 (“Sasfin” or “the Company”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Further to the cautionary announcement published on 1 November 2016, shareholders are advised that discussions with the potential broad-based black economic empowerment investor (“B-BBEE Investor”) are still in progress which may lead to the conclusion of a formal agreement with the B- BBEE Investor (which agreement will be subject to all requisite requirements and regulatory approvals, including approval from the South African Reserve Bank). Should an agreement embodying the terms and conditions of the discussions be concluded, it may have a material effect on the price of the Company’s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities until a further announcement is made. Johannesburg 13 December 2016 Lead Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Independent Sponsor KPMG Services Proprietary Limited Legal Adviser to Sasfin Edward Nathan Sonnenbergs Incorporated Date: 13/12/2016 10:00:00 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.