Dealing in securities by a director of a major subsidiary and company secretary SYGNIA LIMITED (Incorporated in the Republic of South Africa) (Registration number 2007/025416/06) Share code on the JSE: SYG ISIN: ZAE000208815 ("Sygnia"). DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY AND COMPANY SECRETARY In terms of paragraphs 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to the dealing in securities, is disclosed: Name: Niki Jane Giles Designation: Director of Sygnia Life Limited (a major subsidiary of Sygnia Limited) Type and Class of securities: Share options to acquire ordinary shares Date of award and acceptance: 4 December 2017 Option strike price: R11.05 (Sygnia’s 30-day volume weighted average trade price up to and including 1 December 2017) Number of share options awarded: 100 000 Total rand value of options: R1,105,000.00 Exercise periods: 20% after the 3rd anniversary date 30% after the 4th anniversary date 50% after the 5th anniversary date Nature of transaction: Grant and acceptance of share options in terms of the Sygnia Limited Employee Share Option Scheme (off market) Extent of interest: Direct beneficial Clearance obtained: Yes Name: Glen MacLachlan Designation: Company Secretary Type and Class of securities: Share options to acquire ordinary shares Date of award and acceptance: 4 December 2017 Option strike price: R11.05 (Sygnia’s 30-day volume weighted average trade price up to and including 1 December 2017) Number of share options awarded: 50 000 Total rand value of options: R552,500.00 Exercise periods: 20% after the 3rd anniversary date 30% after the 4th anniversary date 50% after the 5th anniversary date Nature of transaction: Grant and acceptance of share options in terms of the Sygnia Limited Employee Share Option Scheme (off market) Extent of interest: Direct beneficial Clearance obtained: Yes 5 December 2017 Sponsor Nedbank Corporate and Investment Banking Date: 05/12/2017 04:00:00 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.