Dealing in Avior Holdings Securities by Directors and/or their Associates AVIOR CAPITAL MARKETS HOLDINGS LIMITED (previously Jamispan Proprietary Limited) Incorporated in the Republic of South Africa Registration number: 2015/086358/06 JSE Share Code: AVR ISIN: ZAE000211637 (“Avior Holdings” or “the Company”) DEALING IN AVIOR HOLDINGS SECURITIES BY DIRECTORS AND/OR THEIR ASSOCIATES In compliance with paragraph 3.63 to 3.74 of the JSE Limited (“JSE”) Listings Requirements, the following information is disclosed regarding the dealing in Avior Holdings securities by the directors of the Company and/or their associates: NAME OF THE DIRECTOR: Mr. Peter Koutromanos COMPANY OF WHICH I AM A DIRECTOR: Avior Capital Markets Holdings Limited STATUS: EXECUTIVE / NON-EXECUTIVE: Chief Executive Officer TYPE OF SECURITY: Shares CLASS OF SECURITY: Ordinary Shares DATE OF THE TRANSACTION 08 February 2018 NUMBER OF SHARES: 511 583 PRICE PER SHARE: R0.90 TOTAL VALUE OF TRANSACTION: R460 424.70 NATURE OF TRANSACTION: Purchase of Shares (On-market transaction) NATURE AND EXTENT OF DIRECTOR’S INTEREST Indirect beneficial IN THE TRANSACTION: NAME OF THE ASSOCIATE: AND RELATIONSHIP Stately Horse Properties Proprietary Limited WITH DIRECTOR: Mr. Koutromanos is the sole director and an associate of the beneficial shareholder of Stately Horse Properties Proprietary Limited CONFIRMATION THAT CLEARANCE HAS BEEN Yes, clearance has been granted GIVEN IN TERMS OF PARAGRAPH 3.66 OF THE JSE LISTINGS REQUIREMENTS NAME OF THE DIRECTOR: Mr. Kevin Mattison COMPANY OF WHICH I AM A DIRECTOR: Avior Capital Markets Holdings Limited STATUS: EXECUTIVE / NON-EXECUTIVE: Managing Director TYPE OF SECURITY: Shares CLASS OF SECURITY: Ordinary Shares DATE OF THE TRANSACTION: 08 February 2018 NUMBER OF SHARES: 270 774 PRICE PER SHARE: R0.90 TOTAL VALUE OF TRANSACTION: R243 696.60 NATURE OF TRANSACTION: Purchase of Shares (On-market transaction) NATURE AND EXTENT OF DIRECTOR’S INTEREST Direct beneficial IN THE TRANSACTION: CONFIRMATION THAT CLEARANCE HAS BEEN Yes, clearance has been granted GIVEN IN TERMS OF PARAGRAPH 3.66 OF THE JSE LISTINGS REQUIREMENTS Sandton 13 February 2018 Designated Advisor: Pallidus Capital Proprietary Limited Date: 13/02/2018 05:24:00 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.