Change in interest of shareholding and update on ATFS acquisition Sasfin Holdings Limited (Incorporated in the Republic of South Africa) ATFS (Registration Number 1987/002097/06) Ordinary share code: SFN ISIN: ZAE000006565 Preference share code: SFNP ISIN: ZAE000060273 (“Sasfin” or “the Company”) ANNOUNCEMENT REGARDING: - THE DISCLOSURE OF AN ACQUISITION AND A DISPOSAL OF SECURITIES IN TERMS OF SECTION 122 OF THE COMPANIES ACT; AND - AN UPDATE REGARDING THE ACQUISITION OF ABSA TECHNOLOGY FINANCE SOLUTIONS PROPRIETARY LIMITED’S (“ATFS”) LOAN BOOK 1. Disclosure of an acquisition and disposal of securities In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended (“Companies Act”) and section 3.83(b) of the JSE Limited (“JSE”) Listings Requirements, Sasfin shareholders (“Shareholders”) are hereby advised that the Company has received formal notification in the prescribed manner that: - Wipfin Investments Proprietary Limited (formerly known as Sinvest Investments 245 Proprietary Limited), (“Wipfin”), a wholly-owned subsidiary of Women Investment Portfolio Holdings Limited (“WIPHOLD”), has acquired an interest in the securities of the Company (“Acquisition”). Following the Acquisition, the total direct interest in the securities of the Company held by Wipfin has increased from 0% to 25.1% of the total issued share capital of the Company; and - Rolbase Investments Proprietary Limited (“Rolbase”) has disposed of an interest in the securities of the Company (“Disposal”). Following the Disposal, the total direct interest in the securities of the Company held by Rolbase has decreased from 9.7% to 2.3% of the total issued share capital of the Company. The Acquisition and Disposal were effected in terms of Sasfin’s recently concluded B-BBEE transaction in terms of which: - Wipfin subscribed for Sasfin ordinary shares (“Shares”) at R51.00 per share in terms of a specific issue of shares for cash; and - Sasfin made an offer to repurchase all or some of the Shares held by Shareholders at R51.00 per share in compliance with all of the applicable requirements for a scheme of arrangement in terms of section 114 of the Companies Act as read with section 115 of the Companies Act. 2. Update regarding the acquisition of the ATFS loan book Shareholders are referred to the announcement published on 13 March 2017, and subsequent update announcements, wherein they were advised that Sasfin had concluded a binding offer with ATFS, in terms of which, subject to the fulfilment or waiver (where capable of waiver) of certain conditions precedent, Sasfin or its nominee will acquire ATFS’ entire loan book, ATFS’ staff and information technology systems related to the management of the loan book (“ATFS Acquisition”). Shareholders are advised that the Company is in the process of finalising the circular regarding the ATFS Acquisition. Consequently, the Company has applied for, and the JSE has granted, a further extension of the 60 day rule pursuant to paragraph 9.20(b) of the JSE Listings Requirements to dispatch the circular regarding the ATFS Acquisition to Shareholders by 30 November 2017. Johannesburg 3 November 2017 Corporate Adviser and Lead Sponsor Sasfin Capital (a member of the Sasfin Group) Independent Sponsor Deloitte & Touche Sponsor Services Proprietary Limited Date: 03/11/2017 02:46:00 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.