Dealings in securities by executive: Governance, Legal & Compliance (Company Secretary) Alexander Forbes Group Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2006/025226/06) ISIN: ZAE000191516 Share Code: AFH (the Company or the Group) DEALINGS IN SECURITIES BY EXECUTIVE: GOVERNANCE, LEGAL & COMPLIANCE (COMPANY SECRETARY) In accordance with paragraph 3.63 of the JSE Limited Listings Requirements (Listings Requirements), shareholders are advised that the Company Secretary of the Company sold vested shares in accordance with the Company’s long-term incentive Forfeitable Share Plan, after having received clearance to do so in terms of paragraph 3.66 of the Listings Requirements. Company Secretary : CH Wessels Company : Alexander Forbes Group Holdings Limited Nature of transaction : On market sale of shares Class of securities : Ordinary shares Nature of interest : Direct beneficial Date of transaction : 27 March 2020 Number of shares sold : 21 081 Sale price : R4.10 Total value of transaction : R86 432.10 Date of transaction : 30 March 2020 Number of shares sold : 5800 Sale price : R4.10 Total value of transaction : R23 780 Date of transaction : 31 March 2020 Number of shares sold : 51 149 Sale price : R4.0876 Total value of transaction : R209 076.65 Total value of all transactions : R319 288.75 Carina Wessels Executive: Governance, Legal & Compliance 31 March 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 31-03-2020 12:41:00 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.