Appointment of director and changes to board committees SABVEST LIMITED (Incorporated in the Republic of South Africa) Registration number 1987/003753/06 Ordinary share code: SBV and ISIN: ZAE000006417 N Ordinary share code: SVN and ISIN: ZAE000012043 (“Sabvest”) APPOINTMENT OF DIRECTOR AND CHANGES TO BOARD COMMITTEES Shareholders are referred to the announcement released on the Stock Exchange News Service on 20 November 2019 advising of the retirement of Mr Nigel Hughes as a non-executive director of Sabvest, with effect from 31 December 2019. The Board is pleased to announce the appointment of Mr Kuben Pillay (59) BA LLB (Wits) MCJ (Howard School of Law, USA) as an independent non-executive director of Sabvest, with effect from 1 January 2020. He will also join the Remuneration, Nominations and Social and Ethics Committees. Kuben’ s wide ranging experience includes serving as Managing Financial Partner of attorneys Cheadle Thompson and Haysom, a founding executive director of Mineworkers Investment Company Proprietary Limited (MIC) and subsequently non-executive chairman of MIC. He has served as chief executive officer, subsequently executive chairman and thereafter non-executive chairman of Primedia Limited and, more recently, has been independent non-executive chairman of Cell-C Limited. Kuben is currently an independent non-executive director of Transaction Capital Limited and of the OUTsurance Group of companies. The Board welcomes Kuben to Sabvest and looks forward to his contribution. Sandton 4 December 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 04-12-2019 05:43:00 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.