Dealings in Securities by Directors and Directors of Major Subsidiaries WORKFORCE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2006/018145/06) Share code: WKF ISIN: ZAE000087847 (“Workforce” or “the Company” or “the Group”) DEALINGS IN SECURITIES BY DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES In compliance with paragraph 3.63 to 3.74 (both inclusive) of the Listings Requirements of the JSE Limited, the following information is disclosed wherein share appreciation rights have been awarded to directors of Workforce and the major subsidiaries, in terms of the share appreciation rights scheme as approved by shareholders. In all instances below: Nature: Acceptance of share appreciation rights off market Date on which options were accepted: 13 November 2017 Strike price: 151 cents The vesting date: 13 November 2020 The expiry date: 13 January 2021 The extent of the directors’ interest: Direct beneficial Clearance obtained: Yes Number of Notional value share of share Name of Director Company appreciation appreciation rights rights Philip Froom Workforce Holdings Ltd 5 000 000 R7 550 000 Willem van Wyk Workforce Holdings Ltd 1 000 000 R1 510 000 Sean Momberg The Workforce Group (Pty) Ltd 1 000 000 R1 510 000 Mohamed Valoria The Workforce Group (Pty) Ltd 150 000 R226 500 Preshene Batohi The Workforce Group (Pty) Ltd 120 000 R181 200 Johanna Nagel The Workforce Group (Pty) Ltd 75 000 R113 250 Furthermore, in compliance with paragraph 3.63 to 3.74 (both inclusive) of the Listings Requirements of the JSE Limited, the following information is disclosed: Name of director: Preshene Batohi Company: The Workforce Group Proprietary Limited, a major subsidiary of Workforce Holdings Limited Class of securities: Ordinary shares Nature of transaction: Sale of shares on market Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 8 November 2017 Number of securities: 20 246 Lowest selling price: R1.40 Highest selling price: R1.70 Volume weighted average price per security: R1.4425 Total value: R29 204.85 Name of director: Mohamed Valoria Company: The Workforce Group Proprietary Limited, a major subsidiary of Workforce Holdings Limited Class of securities: Ordinary shares Nature of transaction: Sale of shares on market Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 8 November 2017 Number of securities: 20 246 Lowest selling price: R1.40 Highest selling price: R1.70 Volume weighted average price per security: R1.4425 Total value: R29 204.85 Name of director: Johanna Nagel Company: The Workforce Group Proprietary Limited, a major subsidiary of Workforce Holdings Limited Class of securities: Ordinary shares Nature of transaction: Sale of shares on market Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 8 November 2017 Number of securities: 10 123 Lowest selling price: R1.40 Highest selling price: R1.70 Volume weighted average price per security: R1.4425 Total value: R14 602.43 Johannesburg 13 November 2017 Designated Adviser Merchantec Capital Date: 13/11/2017 03:15:00 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.