Renewal of Cautionary Announcement EFFICIENT GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2006/036947/06) Share code: EFG ISIN: ZAE000151841 (“Efficient” or “the Company”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Further to the cautionary announcement dated 13 February 2019 (and using the terms defined therein unless otherwise stated) and the subsequent renewal of cautionary announcement dated 28 March 2019, Shareholders are hereby advised that the Board negotiations with a third party regarding the raising of capital in order to settle the Convertible Loan are still in progress which, if successfully concluded, may have a material effect on the price of the Company’s securities. Accordingly, Shareholders are advised to exercise caution when dealing in Efficient securities until a further announcement is made. Pretoria 20 May 2019 Sponsor to the Efficient Group Merchantec Capital Corporate Advisor to the Efficient Group Bravura Capital Date: 20/05/2019 03:40:00 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.
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