Dealings in Securities by an Associate of Directors EFFICIENT GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2006/036947/06) Share code: EFG ISIN: ZAE000151841 (“the Company”) DEALINGS IN SECURITIES BY AN ASSOCIATE OF DIRECTORS In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of the JSE Limited, the following is disclosed: Name of directors: Ockert Goosen (“Ockert”), Ian Groenewald (“Ian”) and Steve Booysen (“Steve”) Company: Efficient Group Limited Name of associate: TBI Strategic Partners Proprietary Limited (“TBI”) Relationship of associate to directors: Ockert is mandated by TBI to make investment decisions on its behalf and Ockert, Ian and Steve are collectively able to exercise in excess of 35% of the votes able to be cast at board 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: 31 August 2018 Number of securities: 110 000 Volume weighted average price per security: R4.1819 Lowest purchase price: R4.10 Highest purchase price: R4.20 Value of transaction: R460 009.00 Johannesburg 4 September 2018 Sponsor Merchantec Capital Date: 04/09/2018 02:37:00 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.