Changes to the Board of Directors SYGNIA LIMITED (Incorporated in the Republic of South Africa) (Registration number 2007/025416/06) Share code on the JSE and A2X: SYG ISIN: ZAE000208815 (“Sygnia”) CHANGES TO THE BOARD OF DIRECTORS In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised that Mr George Cavaleros CA(SA), CFA, CIA, ACIS, M.Com (Applied risk management) has been appointed as the lead independent non-executive director of Sygnia, and chair of its Audit and Risk committees, with immediate effect. George retired from Deloitte effective 31 May 2015 after a 30-year career with the firm. As a financial services industry (FSI) partner, George provided audit and a variety of other professional services to clients including life insurance and re-insurance companies, retirement funds and administrators, asset managers, collective investment schemes and their management companies, hedge funds and other finance entities. George currently serves as an independent non-executive director on the board of a listed real estate investment trust (REIT) and held audit committee leadership positions at a medical scheme and a leading South African university. Cape Town 28 June 2019 Sponsor: The Standard Bank of South Africa Limited Date: 28/06/2019 02:00:00 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.