Appointment of Group Chief Executive: Mr Dawie de Villiers Alexander Forbes Group Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2006/025226/06) ISIN: ZAE000191516 Share Code: AFH (“the Company” or “Alexander Forbes”) APPOINTMENT OF GROUP CHIEF EXECUTIVE: MR DAWIE DE VILLIERS The Alexander Forbes Board is pleased to announce, in compliance with paragraph 3.59 of the JSE Limited Listings Requirements, that Mr DJ (Dawie) de Villiers has been appointed as Group Chief Executive (“CEO”) and a Director of the Company with effect from 1 November 2018. He will also be appointed as a Director to a number of the Company’s subsidiary boards. Dawie holds a BSc Actuarial Science and has completed the Advanced Management Programme, at the European Institute of Business Administration (INSEAD). He is also a Fellow of the Actuarial Society of South Africa. Dawie joined Sanlam in 1993 and rapidly progressed into senior leadership and executive positions in various Sanlam business units, broadening his business acumen, while gaining an in- depth knowledge of the technicalities and markets served by each of these units. Previous positions, inter alia, include CEO of Sanlam Structured Solutions and since 2013 as the CEO of Sanlam Employee Benefits. Dawie has a wealth of experience in the employee benefits and investment management industry and “believes that the employee benefits industry can have a huge influence in South Africa by really changing people’s lives through enabling financial peace of mind.” The Board welcomes Dawie and looks forward to his contribution. The Board also thanks Ms Marilyn Ramplin, who is the Interim Group Chief Executive until 31 October 2018. Carina Wessels Group General Counsel and Company Secretary 1 October 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Media queries: Ms L Stevens stevensly@aforbes.com (011) 269 0024 Date: 01/10/2018 08:45:00 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.