Dealings in securities by Directors of major subsidiary Super Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1943/016107/06) Share code: SPG ISIN: ZAE000161832 (“Super Group”) DEALING IN SECURITIES BY DIRECTORS OF MAJOR SUBSIDIARIES In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings Requirements”), shareholders are advised that directors of major subsidiaries of Super Group have, in terms of the Share Appreciation Right Scheme 2005 (“the Scheme”), been granted share appreciation rights (“SARS”) to receive shares which grants have been accepted. Shareholder approval of the Scheme was obtained at the 2005 Annual General Meeting. All SARS have conditions attached and are subject to the rules of the Scheme. The Remuneration Committee approved the grants and the required clearance in terms of the Listings Requirements was obtained. The Scheme supports the principle of aligning management and shareholder interests. Performance conditions governing the vesting of these SARS are intended to be stretching but achievable. The performance conditions are related to headline earnings per share increasing by 2% per annum above the Consumer Price Inflation Index over the three-year performance period ending June 2022. The grants are conditional upon the participant remaining employed during the performance period. The SARS granted to and accepted by the following directors and officers vest upon confirmation that the performance conditions have been fulfilled. Name of director Number of SARS Nature of interest P Smith(1) 700 000 Direct, beneficial B Makubalo (1) 300 000 Direct, beneficial J Matlakala (2) 30 000 Direct, beneficial H Makhoba (2) 30 000 Direct, beneficial G Watson (3) 700 000 Direct, beneficial Total 1 760 000 Date of acceptance 30 August 2019 Nature of transaction Off-market grant and acceptance of SARS Class of securities Ordinary shares Strike Price R27.5800 Vesting date Following approval by the Remuneration Committee based on the audited results for the year ending 30 June 2022 (1) P Smith and B Makubalo are directors of Super Group Trading Proprietary Limited. (2) J Matlakala and H Makhoba are directors of Super Group Holdings Proprietary Limited and Super Group Trading Proprietary Limited. (3) G Watson is a Director of Allen Ford UK Limited. Sandton 3 September 2019 Sponsor: Investec Bank Limited Date: 03/09/2019 04:13:00 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.