Dealings in securities by directors of major subsidiaries and associates of directors of major subsidiaries EFFICIENT GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 2006/036947/06) JSE share code: EFG ISIN: ZAE000151841 (“the company” or “Efficient”) DEALINGS IN SECURITIES BY DIRECTORS OF MAJOR SUBSIDIARIES AND ASSOCIATES OF DIRECTORS OF MAJOR SUBSIDIARIES OF EFFICIENT It was announced on SENS on 20 November 2013 that Efficient had concluded an acquisition agreement in terms of which, inter alia, Efficient has purchased all of the shares of Verso Investment Services Proprietary Limited (“VIS”) for an aggregate purchase consideration of approximately R72.1 million (“the acquisition”). The purchase consideration payable by Efficient in respect of the acquisition has been settled in cash as to R45.8 million and the balance of R26.3 million by way of the allotment and issue of 16 425 580 Efficient shares at an issue price of R1.60 per share (“consideration shares”). Shareholders are advised that the following VIS directors and their associates have been issued with the consideration shares, pursuant to the approval granted at Efficient’s general meeting of shareholders held on 7 March 2014 and as detailed in the circular issued to shareholders of the company on 6 February 2014, as indicated against their names below: : Name of director: Christo Burger Transaction date: 7 April 2014 Class of securities: Ordinary shares Number of securities: 8 292 526 Price per security: R1.60 Total value of transaction: R13 268 041.60 Nature of transaction: Off-market Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Walter Borthwick Name of subsidiary company: Verso Investment Services (Pty) Ltd Transaction date: 7 April 2014 Class of securities: Ordinary shares Number of securities: 318 943 Price per security: R1.60 Total value of transaction: R510 308.80 Nature of transaction: Off-market Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Nico Burger Name of subsidiary company: Verso Investment Services (Pty) Ltd Transaction date: 7 April 2014 Class of securities: Ordinary shares Number of securities: 5 900 451 Price per security: R1.60 Total value of transaction: R9 440 721.60 Nature of transaction: Off-market Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: Arend de Waal Trust Name of director and relationship to director: Arend de Waal, who is a trustee and beneficiary of the Arend de Waal Trust and a director of Verso Investment Services (Pty) Ltd Transaction date: 7 April 2014 Class of securities: Ordinary shares Number of securities: 956 830 Price per security: R1.60 Total value of transaction: R1 530 928.00 Nature of transaction: Off-market Nature and extent of director’s interest: Indirect beneficial Name of associate: Aliki Trust Name of director and relationship to director: Paul Louw, who is a trustee and beneficiary of the Aliki Trust and a director of Verso Investment Services (Pty) Ltd Transaction date: 7 April 2014 Class of securities: Ordinary shares Number of securities: 318 943 Price per security: R1.60 Total value of transaction: R510 308.80 Nature of transaction: Off-market Nature and extent of director’s interest: Indirect beneficial Name of associate: MJK Family Trust Name of director and relationship to director: Paul Louw, who is a trustee and beneficiary of the MJK Family Trust and a director of Verso Investment Services (Pty) Ltd Transaction date: 7 April 2014 Class of securities: Ordinary shares Number of securities: 637 887 Price per security: R1.60 Total value of transaction: R1 020 619.20 Nature of transaction: Off-market Nature and extent of director’s interest: Indirect beneficial 8 April 2014 Sponsor Java Capital Date: 08/04/2014 05:44:00 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.