Changes to the board SASFIN HOLDINGS LIMITED (Incorporated In the Republic Of South Africa) (Registration Number 1987/002097/06) Ordinary share code: SFN ISIN: ZAE000006565 Preference share code: SFNP ISIN: ZAE000060273 (“Sasfin” or “the Company”) CHANGE TO ROLE OF BOARD MEMBERS In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised of a change in the role of certain directors of the Sasfin board of directors (“Board”) as set out below. Change in role of Mr Roland Sassoon and Mr Michael Sassoon Roland Sassoon will step down as chief executive officer (“CEO”) of the Company and will be succeeded by Michael Sassoon, currently an executive director of the Company, with effect from 1 January 2018. Roland Sassoon will, however, continue to fulfil the role as CEO of Sasfin Bank Limited, the Company’s wholly-owned subsidiary, as well as a non-executive director of the Company for the foreseeable future, which will allow for a smooth transition. The Board thanks Roland for his outstanding work in transforming the group from a small family textile trading business to the Sasfin of today, and for his continued work for the Sasfin group. The Board also wishes Michael well in his new role. Johannesburg 27 November 2017 Lead Sponsor to Sasfin Sasfin Capital (a member of the Sasfin group) Independent Sponsor to Sasfin Deloitte & Touche Sponsor Services (Pty) Ltd Date: 27/11/2017 01:34:00 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.