Dealings in Securities by an Associate of Directors and by a Director of a Subsidiary EFFICIENT GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2006/036947/06) Share code: EFG ISIN: ZAE000151841 (“EFG”) DEALINGS IN SECURITIES BY AN ASSOCIATE OF DIRECTORS AND BY A DIRECTOR OF A SUBSIDIARY In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed: Name of directors: Thys du Preez and Abrie du Preez Company: Efficient Group Limited Name of associate: TBI Strategic Partners Proprietary Limited (“TBI”) Relationship of associate to Thys du Preez and Abrie du Preez are collectively able to exercise in directors: excess of 35% of the votes able to be cast at general meetings of TBI on all, or substantially all, matters. Class of securities: Ordinary shares Nature of transaction: Purchase of shares on market Extent of director’s interest: Indirect beneficial Date of transaction: 21 February 2017 Number of securities: 86 678 Purchase price per security: R5.00 Value of transaction: R433 390.00 Name of director: Diaan Van Rensburg Company: Naviga Solutions Proprietary Limited, a subsidiary of EFG Class of securities: Ordinary shares Nature of transaction: Sale of shares on market Extent of director’s interest: Direct beneficial Date of transaction: 21 February 2017 Number of securities: 50 000 Purchase price per security: R5.00 Value of transaction: R250 000.00 Johannesburg 23 February 2017 Sponsor Merchantec Capital Date: 23/02/2017 04:25:00 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.