ELLIES HOLDINGS LIMITED - Update on appointment of chief executive officer (CEO)

Update on appointment of chief executive officer (“CEO”)

ELLIES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2007/007084/06)
JSE share code: ELI ISIN: ZAE000103081
("Ellies" or the "company")

UPDATE ON APPOINTMENT OF CHIEF EXECUTIVE OFFICER ("CEO")

Shareholders are referred to the announcements released on SENS on 20 November 2017 and
28 November 2017, regarding the resignation of the company's CEO and, following the dispensation
obtained from the JSE, the appointment of the current chief financial director ("CFO") Adrian Bock and the
executive chairman, Elliot Salkow as joint CEO of Ellies.

Shareholders are advised that the company is finalising the appointment of a new CEO and has been granted
a further dispensation from the JSE for Adrian Bock to continue in his role as CFO and joint CEO; and for
Elliot Salkow to continue in his role as executive chairman of the board and joint CEO (with Oliver Fortuin
as the lead independent non-executive director) for an additional period (which period is not expected to
extend beyond 1 July 2018) until the appointment of the new CEO is finalised. An announcement will be
made as soon as possible in respect of the appointment.

30 April 2018

Sponsor

Java Capital

Date: 30/04/2018 04:19:00 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.