Changes to offshore portfolio weightings SABVEST LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/003753/06) Share code: SBV – ordinary shares / SVN – ‘N’ ordinary shares ISIN: ZAE000006417 – ordinary shares / ISIN: ZAE000012043 – ‘N’ ordinary shares ("Sabvest”) CHANGES TO OFFSHORE PORTFOLIO WEIGHTINGS Shareholders are advised that Sabvest has rebalanced its offshore listed and cash/ETF holdings as follows: Portfolios at 30 June 2018 Percentage of Assets $’000 R’000 Held Listed Equity Portfolios 26 549 394 201 73,4% Listed Equity Investment* 2 776 41 222 7,7% Cash and Bond ETF’s 7 400 101 819 18,9% TOTAL 36 725 537 242 100,0% Portfolios at 20 August 2018 Listed Equity Portfolios 7 935 116 569 26,7% Listed Equity Investment* 2 240 32 900 7,5% Cash and Bond ETF’s 19 678 288 109 65,8% 29 853 437 578 100,0% Cash to be remitted** 7 000 102 489 TOTAL 36 853 540 067 * 26,4 million ordinary shares in Corero Network Security Plc (AIM) **$7m will be remitted to RSA to partially fund the share buyback referred to in the SENS announcement dated 16 August 2018 These figures have not been reviewed and reported on by the group’s external auditors. Sandton 22 August 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22/08/2018 02:14:00 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.