No Change Statement and Notice of Annual General Meeting EFFICIENT GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2006/036947/06) Share code: EFG ISIN: ZAE000151841 (“Efficient” or “the Company”) NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders are advised that the integrated annual report for the year ended 31 August 2019 (“Integrated Annual Report”) was distributed to shareholders today, 29 November 2019 and contains no modifications to the Summarised Financial Results published on SENS on 18 November 2019. The Integrated Annual Report is also available on the Company’s website, www.efgroup.co.za. Notice is hereby given that the annual general meeting of shareholders of Efficient will be held at 09:00 on Friday, 28 February 2020 at the head office of the Company, situated at 81 Dely Road, Hazelwood, Pretoria to transact the business stated in the notice of the annual general meeting, which is contained in the Integrated Annual Report. The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 21 February 2020. Accordingly, the last day to trade Efficient shares in order to be recorded in the register to be entitled to vote will be Tuesday, 18 February 2020. Pretoria 29 November 2019 Sponsor Merchantec Capital Date: 29-11-2019 04:06:00 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.