Changes to directorate Bid Corporation Limited (Incorporated in the Republic of South Africa) Registration number: 1995/008615/06 Share Code: BID ISIN ZAE 000216537 (“Bidcorp”) CHANGES TO DIRECTORATE In compliance with Section 3.59 of the Listings Requirements of the JSE Limited (“JSE”), Bidcorp is pleased to announce the appointment of Mr Stephen Koseff as an Independent Non-Executive Director, with effect from August 16 2017. Stephen Koseff is Chief Executive Officer of the Investec Limited (“Investec”) which has dual listing on both the London Stock Exchange and the JSE. Stephen has been with Investec for 37 years in various capacities and has been in his current role as Chief Executive Officer since 1996. Stephen is a qualified Chartered Accountant and holds a Masters’ Degree in Business Administration and a Higher Diploma in Business Data Processing. In 2017 Stephen was awarded an Honorary Doctor of Commerce Degree by the University of Witwatersrand. In addition to his directorships of Investec and Investec plc and various other Investec subsidiaries, he is a non-executive director the South African Banking Association. He is a current board member of Business Leadership South Africa. He is a former Chairman of the South African Banking Association, a former non-executive director of The Bidvest Group Limited and former director of the JSE, former member of the Financial Markets Advisory Board, and former Chairman of the Independent Bankers Association. Bidcorp welcomes Mr Koseff and looks forward to his valued contribution. Date: August 17 2017 Johannesburg Sponsor: The Standard Bank of South Africa Limited Date: 17/08/2017 05:05:00 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.