Granting of Long-Term Incentive Awards; Retirement of Non-Executive Director THE BIDVEST GROUP LIMITED (“Bidvest” or “The Group”) (Incorporated in the Republic of South Africa) (Registration number 1946/021180/06) JSE Share code: BVT ISIN: ZAE000117321 GRANTING OF LONG-TERM INCENTIVE AWARDS; RETIREMENT OF NON-EXECUTIVE DIRECTOR 1. GRANTING OF CONDITIONAL SHARE AWARDS IN TERMS OF THE 2008 BIDVEST CSP Executive Directors have been awarded Conditional Share (CSP) Awards in terms of the 2008 Bidvest Group CSP, approved by shareholders at the annual general meeting in November 2008. CSP Awards are subject to performance conditions for the period starting 1 July 2018 and ending 30 June 2021. Subject to performance, vesting will occur in September 2021 and September 2022. The Remuneration Committee has given approval for the following individual allocations. LP Ralphs 120 000 conditional share awards MJ Steyn 40 000 conditional share awards NT Madisa 40 000 conditional share awards GC McMahon 30 000 conditional share awards AW Dawe 52 000 conditional share awards 2. ACCEPTANCE OF SHARE APPRECIATION RIGHTS (“SAR”) BY THE COMPANY SECRETARY In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following information is disclosed: The Company Secretary has accepted an allocation of SAR’s in terms of the 2016 Bidvest Share Appreciation Rights Scheme as follows: Company Secretary: Ilze Roux Number of Share Appreciation Rights: 50 000 Strike Price of Share Appreciation Rights: R183.10 Date of Acceptance: 3 December 2018 Nature of transaction: Acceptance of rights – off market; vesting from year three onwards Nature of interest: Direct beneficial Clearance in terms of para 3.66 of the listings requirements was obtained from the Remuneration Committee of The Bidvest Group Limited. 3. VOLUNTARY ANNOUNCEMENT RE THE RETIREMENT OF MR DDB BAND As indicated in the Notice of AGM, Mr DDB Band did not make himself available for re-election to the Bidvest Board. He has, therefore, retired as an independent non-executive director of Bidvest effective 28 November 2018. The Bidvest Board thanks Doug for his wise counsel during the fifteen years of serving on the Board and wishes him well into the future. Date: 3 December 2018 Johannesburg Sponsor: Investec Bank Limited Date: 03/12/2018 03:15:00 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.