ALEXANDER FORBES GROUP HOLDINGS LIMITED - Change to the board of directors

Change to the board of directors

Alexander Forbes Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/025226/06)
ISIN: ZAE000191516
Share Code: AFH
(“Alexander Forbes” or “the company’”)

CHANGE TO THE BOARD OF DIRECTORS

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the following information is
disclosed:

Shareholders are advised that Mr. Moses Kgosana has resigned as a non-executive director from the board
of Alexander Forbes Group Holdings Limited with effect from 3 July 2017.

Mr Kgosana was due to take up the role of Chairman as at 31 August 2017 and has now withdrawn from
this role.

Since becoming aware of recently published allegations in respect of KPMG which related to his previous
position as Chief Executive Officer and Senior Partner of KPMG, he believes it is the correct course of action
for himself, the company, its clients and shareholders. Mr Kgosana felt that the demands on his time in the
role of Chairman of the company whilst attending to these allegations, will interfere with his deliverable
expectations. Alexander Forbes welcomes this decisive action.

The Alexander Forbes board wishes him well and thanks him for his contribution as a director over the past
two years. Current chairman Sello Moloko will remain non-executive chairman in the interim.


Sandton
3 July 2017


Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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