Notification of share dealing by associates of a director ELB GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1930/002553/06) ISIN: ZAE000035101 JSE Code: ELR (“the Company”) Notification of share dealing by associates of a director In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are notified of the following trades in the Company’s shares: Name of director Theunis de Bruyn Transaction 1 Name of associate Calibre Investment Holdings Proprietary Limited Relationship Theunis de Bruyn is a controlling shareholder of Calibre Capital (RF) Proprietary Limited of which Calibre Investment Holdings Proprietary Limited is a 100% subsidiary Date of transaction 20 November 2019 Nature of transaction On-market sale Number and class of securities purchased 120 843 ordinary shares Price per share R9.50 Total value R1 148 008.50 Nature of interest Indirect beneficial Clearance obtained Yes Transaction 2 Name of associate A de Bruyn Relationship Wife Date of transaction 20 November 2019 Nature of transaction On-market sale Number and class of securities purchased 10 100 ordinary shares Price per share R9.50 Total value R95 950.00 Nature of interest Indirect beneficial Clearance obtained Yes Johannesburg 22 November 2019 Sponsor Questco Corporate Advisory Proprietary Limited Date: 22/11/2019 09:31:00 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.