Acceptance of awards by the Company Secretary, Chief Financial Officer and Chief Executive Officer 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" or "the Group") ACCEPTANCE OF AWARDS BY THE COMPANY SECRETARY, CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER In accordance with paragraph 3.63 of the JSE Limited Listings Requirements ("the Listings Requirements"), shareholders are advised that the Executive: Governace, Legal & Compliance (Company Secretary), Chief Financial Officer and Chief Executive Officer (also a director of a major subsidiary) received allocations and accepted awards in accordance with the Company's long-term incentive plans namely, the conditional share plan ("the Conditional Awards") and the forfeitable share plan ("the Forfeitable Awards") as follows. The allocations and their acceptances have received clearance in terms of paragraph 3.66 of the Listings Requirements and in line with the Company's securities dealing and information policy. Company Secretary : CH Wessels Company : Alexander Forbes Date awarded : 01 July 2019 Date of acceptance : 09 July 2019 Nature of transaction : Off market acceptance of Conditional Awards Class of securities : Conditional Awards in respect of ordinary shares Number awarded : 263 653 Grant price : Based on 3 day VWAP (R5.69) Transaction value : R1 500 185.57 Nature of interest : Direct beneficial Vesting dates : 131 826 awards on 30 June 2022 131 827 awards on 30 June 2023 Date awarded : 01 July 2019 Date of acceptance : 09 July 2019 Nature of transaction : Off market acceptance of Forfeitable Awards Class of securities : Forfeitable Awards in respect of ordinary shares Number awarded : 175 768 Grant price : Based on 3 day VWAP (R5.69) Transaction value : R1 000 119.92 Nature of interest : Direct beneficial Vesting dates : 87 884 awards on 30 June 2022 87 884 awards on 30 June 2023 Chief Financial Officer : BP Bydawell Company : Alexander Forbes Date awarded : 01 April 2019 Date of acceptance : 09 July 2019 Nature of transaction : Off market acceptance of Conditional Awards Class of securities : Conditional Awards in respect of ordinary shares Number awarded : 185 567 Grant price : Based on 3 day VWAP (R4.85) Transaction value : R899 999.95 Nature of interest : Direct beneficial Vesting dates : 92 783 awards on 31 March 2022 92 784 awards on 31 March 2023 Date awarded : 01 April 2019 Date of acceptance : 09 July 2019 Nature of transaction : Off market acceptance of Forfeitable Awards Class of securities : Forfeitable Awards in respect of ordinary shares Number awarded : 123 711 Grant price : Based on 3 day VWAP (R4.85) Transaction value : R599 998.35 Nature of interest : Direct beneficial Vesting dates : 61 855 awards on 31 March 2022 61 856 awards on 31 March 2023 Date awarded : 01 July 2019 Date of acceptance : 09 July 2019 Nature of transaction : Off market acceptance of Conditional Awards Class of securities : Conditional Awards in respect of ordinary shares Number awarded : 305 800 Grant price : Based on 3 day VWAP (R5.69) Transaction value : R1 740 002 Nature of interest : Direct beneficial Vesting dates : 152 900 awards on 30 June 2022 152 900 awards on 30 June 2023 Date awarded : 01 July 2019 Date of acceptance : 09 July 2019 Nature of transaction : Off market acceptance of Forfeitable Awards Class of securities : Forfeitable Awards in respect of ordinary shares Number awarded : 203 866 Grant price : Based on 3 day VWAP (R5.69) Transaction value : R1 159 997.54 Nature of interest : Direct beneficial Vesting dates : 101 933 awards on 30 June 2022 101 933 awards on 30 June 2023 Chief Executive Officer : DJ de Villiers & director of major subsidiary Company : Alexander Forbes Date awarded : 01 July 2019 Date of acceptance : 09 July 2019 Nature of transaction : Off market acceptance of Conditional Awards Class of securities : Conditional Awards in respect of ordinary shares Number awarded : 843 585 Grant price : Based on 3 day VWAP (R5.69) Transaction value : R4 799 998.65 Nature of interest : Direct beneficial Vesting dates : 421 792 awards on 30 June 2022 421 793 awards on 30 June 2023 Date awarded : 01 July 2019 Date of acceptance : 09 July 2019 Nature of transaction : Off market acceptance of Forfeitable Awards Class of securities : Forfeitable Awards in respect of ordinary shares Number awarded : 562 390 Grant price : Based on 3 day VWAP (R5.69) Transaction value : R3 199 999.10 Nature of interest : Direct beneficial Vesting dates : 281 195 awards on 30 June 2022 281 195 awards on 30 June 2023 Carina Wessels Executive: Governace, Legal & Compliance 12 July 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12/07/2019 09:25:00 Produced by the JSE SENS Department. 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