Notification of share dealing by directors and by a director of a major subsidiary ELB GROUP LIMITED Incorporated in the Republic of South Africa Registration number: 1930/002553/06 ISIN: ZAE000035101 JSE Code: ELR (“ELB” or “the Company”) Notification of share dealing by directors and by a director of a major subsidiary Shareholders are referred to the circular to shareholders issued on 20 October 2017 (“the Circular”) in terms of which shareholders were advised of the Company’s intention to implement a specific repurchase of shares by the ELB Share Incentive Trust (“the Trust”) from specific participants of the ELB Share Incentive Schemes, including directors (“the Trust Specific Repurchase”). In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby advised that the following directors have, on 28 March 2018 accepted the Trust Specific Repurchase and accordingly disposed of ordinary shares in the Company, to the Trust, in an off- market transaction, at a price of R18.99 per share (being the 30-day volume weighted average price of ELB shares traded on the JSE at 20 March 2018, as referred to in the Circular). Participant Nature of interest Number of Aggregate value shares disposed of Directors of the Company: SJ Meijers Direct beneficial 509 900 R9 683 001 CJ Smith Direct beneficial 75 000 R1 424 250 Director of, ELB Engineering Services (Pty) Ltd, a major subsidiary of the Company: AMM Pinto Direct beneficial 30 000 R569 700 Clearance to deal was provided in respect of all trades disclosed. Boksburg 29 March 2018 Sponsor Questco Corporate Advisory Proprietary Limited Date: 29/03/2018 12:56:00 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.