Alexander Forbes : Dealings in securities by executive director

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 Alexforbes or the Group)

DEALINGS IN SECURITIES BY EXECUTIVE DIRECTOR

Shareholders are referred to announcements on 26 July, 1 August and 4 August 2022, whereby executive directors and prescribed officers had elected to offer vested shares received under the Company's Long Term Incentive Share Plan (Forfeitable and Restricted Share Scheme 2015) and Alexforbes shares held in their personal broker accounts into the Partial Offer announced by the Company on 18 July 2022.

In accordance with paragraph 3.63 of the JSE Limited Listings Requirements (the Listings Requirements), shareholders are now advised of the outcome of those elections and the actual dealings in securities by an executive director.

Clearance in terms of paragraph 3.66 of the Listings Requirements and the Company's securities dealing and information policy have been received in respect of this dealing.

Chief Financial Officer	:	BP Bydawell
Date of transaction	:	8 August 2022
Nature of transaction	:	Off-market sale of ordinary shares into the Partial Offer
Class of securities	:	Ordinary shares
Number of securities	:	76 364
Transaction value
(based on Partial Offer price of R5.05) :	R385 638.2
Nature of interest	:	Direct beneficial

Carina Wessels

Executive: Governance, Legal, Compliance and Sustainability

15 August 2022

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)