Resignation of Director and changes to Director’s designation and responsibilities ELB GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1930/002553/06) ISIN: ZAE000035101 JSE Code: ELR (“ELB” or “the Company”) RESIGNATION OF DIRECTOR AND CHANGES TO DIRECTOR’S DESIGNATION AND RESPONSIBILITIES In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised of the following changes to the board of directors of ELB (“Board”) with effect from 17 December 2019. The Board announces the resignation of Dr Stephen Meijers as executive director of ELB and as CEO of ELB Engineering Services. The Board thanks Dr Meijers for his years of service to the Company. The Board further announces that non-executive director, Dr John Herselman, will be appointed as an executive director and take over as interim CEO of ELB Engineering Services. Dr Herselman was appointed to the Board in 1983 and has extensive experience within the Group. The Board welcomes Dr Herselman in an executive capacity and looks forward to his ongoing contribution to the Company. Johannesburg 17 December 2019 Corporate Advisor Apex Partners Holdings Proprietary Limited Sponsor Questco Corporate Advisory Proprietary Limited Date: 17-12-2019 04:28:00 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.