Dealing in securities by an associate of a director of Efficient EFFICIENT GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 2006/036947/06) JSE share code: EFG ISIN: ZAE 000151841 (“Efficient”) DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF EFFICIENT Shareholders are referred to the SENS announcement published on 13 August 2013 and the Efficient circular issued on 10 October 2013 wherein shareholders were advised that the Efficient board had reached agreement with Mr. Robert Walton in terms of which 10 689 299 Efficient shares are to be issued to and subscribed for by Mr. Robert Walton in cash at a price of R1.53 per share (“the transaction”). Mr. Robert Walton is an executive director of Efficient. Pursuant to the implementation of the transaction shareholders are advised of the following information relating to the dealing in securities of Efficient. Name of associate: RW Trust Name of director and relationship to director: Robert Walton, who is a trustee and beneficiary of the RW Trust Transaction date: 18 November 2013 Class of securities: Ordinary shares Number of securities: 10 689 299 Price per security: R1.53 Total value of transaction: R16 354 627.47 Nature of transaction: Off-market purchase Nature and extent of director’s interest: Indirect beneficial 18 November 2013 Sponsor Java Capital Date: 18/11/2013 01:10:00 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.