Resignation of Non-Executive Director and Chairman GOLD BRANDS INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2015/168426/06) JSE code: GBI ISIN: ZAE000212791 (“Gold Brands” or “the Company” or “the Group”) RESIGNATION OF NON-EXECUTIVE DIRECTOR AND CHAIRMAN In compliance with section 3.59(b) of the Listings Requirements of the JSE Limited (“JSE”), shareholders are advised that Mr Clifford Raphiri an independent non-executive director; chairman of the board and member of the Audit Committee and Risk; Nomination; Social, Ethics and Remuneration committees; has tendered his resignation with effect from 23 August 2017 due to time constraint requirements of his other commitments. The Board of Directors, in conjunction with the Nomination Committee, shall immediately commence the process of appointing independent non-executive directors to fill the vacancies that have arisen as a result of Mr. Raphiri’s resignation; and shareholders will be advised accordingly in this regard. The Board of Directors would like to express their sincere thanks and gratitude to Mr Raphiri for his contribution to Gold Brands and wishes him well in his future endeavours. 23 August 2017 Johannesburg Corporate and Designated Adviser River Group Date: 23/08/2017 05:22:00 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.