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 Friday, 19 February 2016, wherein shareholders were advised that earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the six months ended 29 February 2016 were expected to be at least 50% higher than the company’s EPS and HEPS for the six months ended 28 February 2015. Shareholders are accordingly advised that EFG expects that: - EPS for the six months ended 29 February 2016 will be 21.28 cents per share, being 51% higher than the EPS of 14.11 cents per share reported for the six months ended 28 February 2015; and - HEPS for the six months ending 29 February 2016 will be 21.26 cents per share, being 51% higher than the HEPS of 14.11 cents per share reported for the six months ended 28 February 2015. The information on which this trading statement has been based, has not been reviewed or reported on by the company’s auditors. The interim results for the six months ended 29 February 2016 will be published on SENS on or about 5 May 2016. 19 April 2016 Sponsor Java Capital Date: 19/04/2016 05:36:00 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.