Updated trading statement EFFICIENT GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 2006/036947/06) JSE share code: EFG ISIN: ZAE 000151841 (“EFG” or “the company”) UPDATED TRADING STATEMENT Shareholders are referred to the trading statement released on SENS on Monday, 17 August 2015, wherein shareholders were advised that earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the year ended 31 August 2015 were expected to be at least 20% higher than the company’s EPS and HEPS for the year ended 31 August 2014. Shareholders are accordingly advised that EFG expects: - EPS for the year ended 31 August 2015 to be between 31.25 and 37.45 cents per share, being between 266% and 339% higher than the EPS of 8.53 cents per share reported for the year ended 31 August 2014; and - HEPS for the year ending 31 August 2015 to be between 29.15 and 34.90 cents per share, being between 211% and 272% higher than the HEPS of 9.37 cents per share reported for the year ended 31 August 2014. The information on which this trading statement has been based, has not been reviewed or reported on by the company’s auditors. The audited results for the year ended 31 August 2015 will be published on SENS on or about 12 November 2015. 21 October 2015 Sponsor Java Capital Date: 21/10/2015 05:05:00 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.