Change in significant holding of Alexander Forbes shares ALEXANDER FORBES GROUP HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 2006/025226/06) JSE Share Code: AFH ISIN: ZAE000191516 (Alexander Forbes or the Company) CHANGE IN SIGNIFICANT HOLDING OF ALEXANDER FORBES SHARES In accordance with paragraph 3.83(b) of the JSE Limited Listings Requirements and section 122 of the Companies Act 71 of 2008 (the Act), shareholders are advised that Coronation Asset Managers Proprietary Limited has formally notified the Company that its total interest in the ordinary shares of the Company has increased from 9.92% to 10.51%. As required in terms of section 122(3)(a) of the Act, the Company has filed the required notices with the Takeover Regulation Panel. The board of directors of the Company accepts responsibility for the information contained in this announcement as it relates to the Company and confirms that, to the best of its knowledge and belief, such information relating to the Company is true and that this announcement does not omit anything likely to affect the importance of such information. Carina Wessels Executive: Governance, Legal and Compliance 12 February 2021 Sandton Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12-02-2021 03:37:00 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.