Change to the Board of Directors – Resignation of CEO and Change in Function of Executive Chairman WORKFORCE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2006/018145/06) Share code: WKF ISIN: ZAE000087847 (“Workforce” or “the Group”) CHANGE TO THE BOARD OF DIRECTORS – RESIGNATION OF CEO AND CHANGE IN FUNCTION OF EXECUTIVE CHAIRMAN In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Workforce (“the Board”) hereby notifies shareholders that Mr Philip Froom has resigned as chief executive officer and executive director, with effect from 30 June 2018, in order to pursue personal interests. We wish to thank Mr Froom for his valued contribution to the Group and wish him every success with his future endeavours. With effect from 1 July 2018, Mr Ronald Katz, the executive chairman of the Group, will assume the role of interim chief executive officer, until a further announcement is made. Accordingly, shareholders are advised that Mr John Macey, the lead independent non-executive director will become interim chairman effective 1 July 2018. As such, Mr John Macey can no longer remain chairman of the Audit and Risk Committee and will accordingly step down, while still remaining a member. Ms Kyansambo Vundla, a current member, will become chairperson of the Audit and Risk Committee effective 1 July 2018. Johannesburg 5 June 2018 Designated Adviser Merchantec Capital Date: 05/06/2018 01:25:00 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.