Posting of circular incorporating a notice of general meeting EFFICIENT GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 2006/036947/06) JSE share code: EFG ISIN: ZAE 000151841 (“EFG”) POSTING OF CIRCULAR INCORPORATING A NOTICE OF GENERAL MEETING Shareholders are referred to the announcement released on SENS on 13 August 2013 regarding the appointment of Robert Walton as an executive director of Efficient as well as the proposed specific issue of 10 689 299 Efficient shares for cash to Robert Walton (“the transaction”). Shareholders are advised that a circular, incorporating a notice of general meeting, has today been posted to shareholders. A general meeting of Efficient shareholders will be held at 10:00 on Thursday, 7 November 2013 at the registered offices of Efficient (81 Dely Road, Hazelwood, Pretoria, 0081) to consider and, if deemed fit, pass with or without modification the proposed resolutions necessary to implement the transaction. The salient dates and times for the general meeting are set out below: 2013 Circular posted to Efficient shareholders (recorded in the register on Friday, 4 October 2013) and notice convening the general meeting released on SENS on Thursday, 10 October Notice convening the general meeting published in the press on Friday, 11 October Voting last day to trade in Efficient shares in order to be recorded in the register on the voting record date (see note 2 below) on Friday, 25 October Voting record date to vote at the general meeting being 17:00 on Friday, 1 November Last day for receipt of proxies for the Efficient shareholders’ general meeting by 10:00 (see note 3 below) on Thursday, 7 November Efficient shareholders’ general meeting to be held at 10:00 on Monday, 11 November Results of general meeting released on SENS on Monday, 11 November Anticipated listing date of subscription shares Monday, 18 November Notes: 1. All dates and times in this timetable are local times in South Africa. The above dates and times are subject to change. Any changes will be released on SENS and published in the press. 2. Efficient shareholders should note that as transactions in shares are settled in the electronic settlement system used by Strate, settlement of trades takes place five business days after such trade. Therefore persons who acquire Efficient shares after the voting last day to trade will not be eligible to vote at the general meeting. 3. If a form of proxy is not received by the time and date shown above or not less than 48 hours before recommencement of any adjourned or postponed meeting, it may be handed to the Chairman of the general meeting not later than ten minutes before the general meeting is due to commence or recommence. 10 October 2013 Corporate advisor and sponsor Java Capital Date: 10/10/2013 04:05:00 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.