Changes to the board SASFIN HOLDINGS LIMITED (Incorporated In the Republic Of South Africa) (Registration Number 1987/002097/06) Ordinary share code: SFN ISIN: ZAE000006565 Preference share code: SFNP ISIN: ZAE000060273 (“Sasfin” or “the Group”) APPOINTMENT OF NON-EXECUTIVE DIRECTORS In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, Shareholders are advised of the appointment of Ms Nontobeko Ndhlazi as non- executive director and Mr Deon de Kock as an independent non-executive director to the Sasfin board of directors, and to the board of directors of its wholly-owned subsidiary, Sasfin Bank Limited (“Sasfin Boards”) with effect from 19 August 2020. Ms Ndhlazi holds a BCom (Accounting) (University of Natal) and Post Graduate Diploma (Accounting) (University of Natal) and has been the Group Chief Financial Officer of Wiphold Limited since 2011. Before joining Wiphold Limited, Ms Ndhlazi was a director in Deloitte’s financial management consulting division. Ms Ndhlazi brings significant financial expertise to the Sasfin Boards, including reporting, budgeting, cash management, tax management, risk management and strategic planning. Mr de Kock recently retired from his position as Chair of Mercantile Bank after being a board member since 2000. Mr de Kock completed the Stanford Executive Programme (Stanford University in California) and held several executive management roles during his career including CEO of Woolworths Financial Services, executive director of Woolworths Holdings. Mr de Kock’s leadership and general management skills and expertise in strategy development and implementation, together with his banking experience will add much value to the Sasfin Boards. Mr de Kock, as an independent non-executive director, will be a member of the Group Audit and Compliance Committee with immediate effect. The Sasfin Boards welcome Ms Ndhlazi and Mr de Kock and look forward to the knowledge and experience that they will contribute to the Group. Johannesburg 20 August 2020 Sponsor Sasfin Capital (a member of the Sasfin group) Independent Sponsor Deloitte & Touche Sponsor Services (Proprietary) Limited Date: 20-08-2020 07:30:00 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.