Posting of circular to shareholders and notice of general meeting Alexander Forbes Group Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2006/025226/06 Share code: AFH ISIN: ZAE000191516 (“Alexander Forbes” or the “Company”) POSTING OF CIRCULAR TO SHAREHOLDERS AND NOTICE OF GENERAL MEETING Shareholders are advised that a circular containing the necessary information in order to seek shareholder approval to enable the Board to effect a general repurchase of ordinary shares by the Company (and/or its subsidiaries) has been posted to shareholders today, 24 February 2017. The circular incorporates a notice of a general meeting and a form of proxy (“the Circular”). The Circular can also be accessed on the website of Alexander Forbes, www.alexanderforbes.co.za. Notice of General Meeting Notice is hereby given that a general meeting of Alexander Forbes shareholders (“the General Meeting”) will be held at 10:00 on Monday, 27 March 2017 at the registered office of Alexander Forbes, in the Table Mountain Board Room at 115 West Street, Sandown, Sandton, to consider and, if deemed fit, to pass, with or without modification, the resolutions set out in the notice of General Meeting. Salient dates The salient dates pertaining to the General Meeting are set out in the table below. Event 2017 Record date to determine which shareholders are eligible to Friday, 17 February receive the Circular and notice of General Meeting Posting of the Circular and notice convening the General Friday, 24 February Meeting released on SENS Notice convening the General Meeting published in the South Monday, 27 February African press Last day to trade in order to be eligible to attend and vote at Tuesday, 14 March the General Meeting (Voting Last Day to Trade) Voting Record Date in order to be eligible to attend and vote Friday, 17 March at the General Meeting Last day to lodge forms of proxy for the General Meeting by Thursday, 23 March 10:00 on General Meeting to be held at 10:00 Monday, 27 March Results of General Meeting released on SENS Monday, 27 March Results of General Meeting published in the South African Tuesday, 28 March press Notes 1. The above salient dates and times are subject to change. Any changes will be announced on SENS. 2. If the General Meeting is adjourned or postponed, the forms of proxy submitted for the initial General Meeting will remain valid in respect of any adjournment or postponement of the General Meeting. Sandton 24 February 2017 Sponsor Rand Merchant Bank (a division of FirstRand Bank Limited) Date: 24/02/2017 04:22:00 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.