Vesting Of Forfeitable Share Grants To Directors Alviva Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1986/000334/06 Share Code: AVV ISIN: ZAE000227484 (“Alviva” or “The Company”) VESTING OF FORFEITABLE SHARE GRANTS TO DIRECTORS In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, the following information is provided regarding the vesting of forfeitable share grants to the undermentioned directors and officers of the Company and its major subsidiary companies. The necessary authority in terms of paragraph 3.66 was obtained and these were off-market transactions: DIRECTORS AND OFFICERS OF ALVIVA HOLDINGS LIMITED Name P Spies Office held Chief Executive Officer Company Alviva Holdings Limited Date of transaction 25 November 2019 Vesting of forfeitable share grants in terms of the Alviva Nature of transaction Holdings Forfeitable Share Plan Number of forfeitable shares granted 360 000 Date of grants 25 November 2016 Cents per share 1 430.00 Vesting period 3 years from date of grant Percentage of grants vested 67% Class of securities Alviva ordinary shares Number of forfeitable shares vested 241 200 Total value of transaction R3 449 160 Nature of interest Direct beneficial Name RD Lyon Office held Chief Financial Officer Company Alviva Holdings Limited Date of transaction 25 November 2019 Vesting of forfeitable share grants in terms of the Alviva Nature of transaction Holdings Forfeitable Share Plan Number of forfeitable shares granted 210 000 Date of grants 25 November 2016 Cents per share 1 430.00 Vesting period 3 years from date of grant Percentage of grants vested 67% Class of securities Alviva ordinary shares Number of forfeitable shares vested 140 700 Total value of transaction R2 012 010 Nature of interest Direct beneficial Name JV Parkin Office held Chief Commercial Officer (Prescribed Officer) Company Alviva Holdings Limited Date of transaction 25 November 2019 Vesting of forfeitable share grants in terms of the Alviva Nature of transaction Holdings Forfeitable Share Plan Number of forfeitable shares granted 50 000 Date of grants 25 November 2016 Cents per share 1 430.00 Vesting period 3 years from date of grant Percentage of grants vested 67% Class of securities Alviva ordinary shares Number of forfeitable shares vested 33 500 Total value of transaction R479 050 Nature of interest Direct beneficial DIRECTORS OF MAJOR SUBSIDIARIES Name TP Humphreys-Davies Office held Managing Director Company Pinnacle Micro (Pty) Ltd Date of transaction 25 November 2019 Vesting of forfeitable share grants in terms of the Alviva Nature of transaction Holdings Forfeitable Share Plan Number of forfeitable shares granted 170 000 Date of grants 25 November 2016 Cents per share 1 430.00 Vesting period 3 years from date of grant Percentage of grants vested 67% Class of securities Alviva ordinary shares Number of forfeitable shares vested 113 900 Total value of transaction R1 628 770 Nature of interest Direct beneficial Name CJ Brunsden Office held Chief Executive Officer Company Axiz (Pty) Ltd Date of transaction 25 November 2019 Vesting of forfeitable share grants in terms of the Alviva Nature of transaction Holdings Forfeitable Share Plan Number of forfeitable shares granted 100 000 Date of grants 25 November 2016 Cents per share 1 430.00 Vesting period 3 years from date of grant Percentage of grants vested 67% Class of securities Alviva ordinary shares Number of forfeitable shares vested 67 000 Total value of transaction R958 100 Nature of interest Direct beneficial Name CY Li Office held Finance Director Company Axiz (Pty) Ltd Date of transaction 25 November 2019 Vesting of forfeitable share grants in terms of the Alviva Nature of transaction Holdings Forfeitable Share Plan Number of forfeitable shares granted 40 000 Date of grants 25 November 2016 Cents per share 1 430.00 Vesting period 3 years from date of grant Percentage of grants vested 67% Class of securities Alviva ordinary shares Number of forfeitable shares vested 26 800 Total value of transaction R383 240 Nature of interest Direct beneficial Midrand 29 November 2019 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 29-11-2019 09:52:00 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.