Appointment of Independent Non-Executive Director NVEST FINANCIAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015990/06) (“NVest” or “the Company”) ISIN Code: ZAE000199865 JSE Code: NVE APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR In compliance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, the Board of Directors of NVest is pleased to announce the appointment of Ms Lusanda Mangxamba (“Lusanda”) as an Independent Non-Executive Director of the Company with effect from 28 February 2019. Lusanda obtained a BComm undergraduate degree in 1997, followed by a BComm Honours degree in Economics at Rhodes University in 1998. She then completed an MBA at the University of Cape Town in 2007 and a Certificate in Social Entrepreneurship at Oxford University in 2015. She is currently studying towards obtaining a Doctorate. Lusanda has a wealth of business experience having worked in South Africa and London and in various industries during her 21-year working career to date. Over the past approximately 12 years, she worked as an internal consultant at Investec Bank, dealing with very high net worth individuals (R100m+), after which she decided to leave the corporate world in favour of working as a management consultant. As a management consultant, Lusanda obtained specialist skills relating to the development of SME’s and enterprise and supplier development programmes of large corporates. She also spent three years consulting to the mining industry, having a key focus on strategy, stakeholder management and business analysis. Lusanda is the founder and director of a Business Advisory Consultancy company specialising in SME’s and BEE and is currently contracted to the Waste Bureau. Lusanda will also serve as a member of the Audit and Risk Committee and the Remuneration and Nomination Committee. East London 27 February 2019 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 27/02/2019 11:16:00 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.