AVIOR CAPITAL MARKETS HOLDINGS LIMITED - Changes to the board of directors of Avior Holdings

Changes to the board of directors of Avior Holdings

AVIOR CAPITAL MARKETS HOLDINGS LIMITED
(previously Jamispan Proprietary Limited)
Incorporated in the Republic of South Africa
Registration number: 2015/086358/06
Share Code: AVR
ISIN: ZAE000211637
(“Avior Holdings” or “the Company”)


CHANGES TO THE BOARD OF DIRECTORS OF AVIOR HOLDINGS

In compliance with paragraph 3.59(b) of the JSE Limited Listings Requirements (“JSE Listings Requirements”),
the board of directors of Avior Holdings (“the Board”), hereby advises shareholders that:

     -    Mr. Elias Masilela, non-executive director and member of the audit and risk committee and chairperson
          of the social and ethics committee and the remuneration committee of Avior Holdings, has resigned with
          immediate effect; and
     -    Ms Octavia Matshidiso Matloa, non-executive director and chairperson of the audit and risk committee
          and member of the social and ethics committee and the remuneration committee of Avior Holdings, has
          resigned with immediate effect.

The Board wishes to thank Mr. Masilela and Ms Matloa for their contributions to the Company during their
respective tenures as directors of Avior Holdings and wish them well in their future endeavours.

Shareholders are further advised in compliance with paragraph 3.59(a) of the JSE Listings Requirements that Mr
Stephan David Price (“Mr. Price”) has been appointed as non-executive director and as member of the audit and
risk committee, the social and ethics committee and the remuneration committee of Avior Holdings with immediate
effect.

Summary curriculum vitae of Mr. Price:

Mr. Price has extensive experience in the financial services industry and spent approximately 19 years with the
Alexander Forbes Group (“AF Group”), during which time he served in various roles across investments and
operations in both SA and the UK. He was actively involved in building one of the subsidiaries of the AF Group
(being Investment Solutions, now AF Investments) into a dominant investment business. Mr. Price has also served
on multiple boards both locally and in Jersey and was part of the listing and delisting of the AF Group. His
experience further includes leading large teams, developing and executing strategies and managing complex legal
entities from a financial, operational, people, regulatory and transformation perspective. Mr. Price’ qualifications
include holding a Bsc Degree, a CFA Charterholder, and an AMP from Harvard Business School.

The Board welcomes the appointment of Mr. Price and looks forward to his invaluable future contributions to the
Company.


Be advised that the process of filling the remaining vacancy on the Board is at an advanced stage and any further
developments in this regard will be communicated to shareholders in due course.

Johannesburg
18 May 2018
DESIGNATED ADVISOR:
Pallidus Capital Proprietary Limited

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