Dealings in securities by directors and by the company secretary JSE Limited (Incorporated in the Republic of South Africa) (Registration number: 2005/022939/06) ISIN: ZAE000079711 Share Code: JSE ("JSE" or “the Company”) DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY Shareholders are advised that, in respect of the financial year ended 31 December 2016, the board of directors (“Board”) of the Company has determined that a portion of the annual discretionary cash bonus pool will be settled in JSE shares (“Bonus Shares”). This award of Bonus Shares does not constitute a long-term share incentive, nor does it result in any increase in the discretionary cash bonus pool, the quantum of which remains within the JSE’s approved remuneration policy guidelines. The Bonus Shares constitute issued ordinary shares in the Company and represent restricted beneficial ownership in the JSE, as recipients are required to hold the Bonus Shares for a period of three years. Recipients who leave the employ of the JSE for cause prior to the end of the three year vesting period will forfeit their Bonus Shares. All 461 eligible employees receive the same number of Bonus Shares. Members of the JSE’s Executive Committee, including the executive directors and the Company Secretary, have accepted their allocation of Bonus Shares on 6 March 2017 as reflected below. Total Rand Number of value of Name Role Bonus Shares Bonus Shares Awarded Awarded NF Newton-King CEO & Executive Director 104 15 541.76 A Takoordeen CFO & Executive Director 104 15 541.76 JH Burke Alternate Director 104 15 541.76 LV Parsons Alternate Director 104 15 541.76 A Greenwood Prescribed Officer 104 15 541.76 Z Jacobs Prescribed Officer 104 15 541.76 D Khumalo Prescribed Officer 104 15 541.76 TJ Matsena Prescribed Officer 104 15 541.76 DM Nemer Prescribed Officer 104 15 541.76 RJ van Wamelen Prescribed Officer 104 15 541.76 GA Brookes Company Secretary 104 15 541.76 Deferred annual discretionary bonus award The Board has determined that a portion of the CEO’s annual bonus award for 2016 be deferred and paid in shares which vest over three years, subject to continued employment at the JSE. Accordingly, the CEO has on 6 March 2017 accepted the following allocation of JSE ordinary shares – Total Rand Number of value of restricted restricted JSE ordinary JSE ordinary shares shares awarded as awarded as Name Role part of part of discretionary discretionary bonus bonus NF Newton-King CEO & Executive Director 2 007 299 926.08 All interests are direct, beneficial. Prior written approval for the above transactions has been granted by the Chairman of the Board. The JSE, on behalf of all the eligible employees, has procured a total of 50 187 JSE ordinary shares in the open market on 1 March 2017 in order to deliver the Bonus Share awards to all eligible employees and the deferred discretionary bonus share award to the CEO. Acceptance of these awards was effected at the market volume-weighted average price. The JSE ordinary shares were acquired at a volume-weighted average price of 14944 cents per ordinary share. The highest price paid was 15137 cents per share and the lowest price paid was 14850 cents per share. Sandton 7 March 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07/03/2017 11:50:00 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.