Dealings in securities by Group Company Secretary Alexander Forbes Group Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2006/025226/06) ISIN: ZAE000191516 Share Code: AFH (“the Company”) DEALINGS IN SECURITIES BY GROUP COMPANY SECRETARY In accordance with paragraph 3.63 of the JSE Limited Listings Requirements (“Listings Requirements”), shareholders are advised that the Group Company Secretaryaccepted, sold and transferred vested ordinary shares in the Company, in accordance with the Company’s Long-term Incentive Forfeitable Share Plan, after having received clearance to do so in terms of paragraph 3.66 of the Listings Requirements. Group Company Secretary CH Wessels Company Alexander Forbes Group Holdings Limited Date of vesting 26 March 2018 Date of sale and transfer 26 and 27 March 2018 Nature of transaction Vesting of shares, on-market sale and subsequent off-market transfer Class of securities Ordinary shares Nature of interest Direct, beneficial Number of shares vested 239 802 Number of shares sold on 26 March 133 489 2018 Highest sale price R7.03 Lowest sale price R6.88 Volume weighted averagesale price R6.9216 Transaction value R923 957.46 Number of shares sold on 27 March 8 950 2018 Highest sale price R7.05 Lowest sale price R7.01 Volume wighted average sale price R7.0365 Transaction value R62 976.68 Number of shares transferred to portfolio 97 363 Transaction value (based on 26 March volume R677 802.26 weighted average price) Total transaction value R1 664 736.4 Carina Wessels Group Company Secretary 28 March 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28/03/2018 10:05:00 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.