Favourable judgment for Finbond Mutual Bank in referral by National Credit Regulator to National Consumer Tribunal Finbond Group Limited (Incorporated in the Republic of South Africa) (Registration number 2001/015761/06) (JSE share code: FGL) (ISIN: ZAE ZAE000138095) (“Finbond”) FAVOURABLE JUDGMENT FOR FINBOND MUTUAL BANK IN REFERRAL BY NATIONAL CREDIT REGULATOR TO NATIONAL CONSUMER TRIBUNAL Shareholders of Finbond are advised that the National Consumer Tribunal ("NCT"), handed down judgment in favour of Finbond´s subsidiary, Finbond Mutual Bank (“FMB”), in the matter between the National Credit Regulator ("NCR") and FMB as the First Respondent (“the Referral”). The Referral, which the NCR unilaterally initiated in 2015, primarily alleged that FMB’s customers were required to pay unreasonable premiums for the provision of credit life insurance in contravention of Section 106 (2) of the National Credit Act (“NCA”), was unanimously dismissed by a full panel of the NCT. In its unanimous judgment dismissing the Referral, the NCT inter alia also pointed out that: 1. FMB was entitled to require its consumers to maintain credit life insurance; and 2. No evidence was presented by the NCR which justifies the NCT to make a finding that the insurance offered by FMB to its customers is unreasonable. A copy of the judgment can be requested from our Group Head: Legal, Mr Rudi Hinze, at rudi@finbondgroup.com. Johannesburg 4 September 2017 Sponsor to Finbond Grindrod Bank Limited Date: 04/09/2017 10:00:00 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.