Trading Statement SILVERBRIDGE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1995/006315/06) Share code: SVB ISIN: ZAE000086229 (“SilverBridge”) TRADING STATEMENT In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that there is a reasonable degree of certainty that the financial results for the next reporting period will differ by more than 20% from those of the previous corresponding period. Accordingly, a review of the financial results for the year ended 30 June 2017 by management has indicated that the earnings and headline earnings per share are expected to be between 41.1 cents and 42.1 cents, compared to the earnings and headline earnings per share of 29.1 cents, being between 41% and 45% higher than the year ended 30 June 2016. The following once-off, non-cash flow items impacted positively on the current year’s results: 1. The decreased number of shares used in the earnings per share and headline earnings per share calculation, due to the increase in the number of treasury shares after the share purchase by the Silverbridge Employee Share Trust. These shares will vest in employees and not be seen as treasury share anymore as they pay back the respective loan amounts related to the shares purchased and as outstanding share options vest. 2. The recognition by SilverBridge of a deferred tax asset resulted from an incurred assessed tax loss that was carried forward from prior periods. The following once-off, non-cash flow items impacted negatively on the current year’s results: 1. The increase in the office rental expense due to the smoothing of the expense over the newly entered five- year lease period as required in terms of IAS 17 Leases. 2. The increase in IFRS 2 share base payment charges resulting from the acquisition of shares by employees in terms of the share ownership scheme as well as calculations related to the share option scheme. If the effect of all of the above are excluded, the headline earnings are expected to be between 9% and 12% higher than the reported headline earnings, for the year ended 30 June 2016. The financial information on which this trading statement is based has not been reviewed or reported on by SilverBridge’s auditors. SilverBridge’s financial results are expected to be released on SENS on or about 18 September 2017. Pretoria 28 August 2017 Designated Advisor: PSG Capital Proprietary Limited Date: 28/08/2017 09:30:00 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.