PGR: PEREGRINE HOLDINGS LIMITED - Changes to the board of directors Changes to the board of directors PEREGRINE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/006026/06) Share code: PGR ISIN: ZAE000078127 ("Peregrine") CHANGES TO THE BOARD OF DIRECTORS Shareholders are advised that Mandy Yachad, who has been with the Peregrine group since October 1999 and an executive director since 2 November 2010, will step down as a director with effect from 31 March 2019. Mandy will remain as an executive within the Peregrine group until 30 September 2019, during which period he will continue with his current duties, including as the representative of Peregrine Management Services Proprietary Limited, Peregrine's Company Secretary. The board would like to thank Mandy for his prodigious service and contribution to the group over the past two decades. Shareholders are further advised that Andrew Moller, the Chief Executive Officer of Citadel Holdings Proprietary Limited ("Citadel"), the Peregrine group's major subsidiary, has been appointed as an executive director with effect from 1 April 2019. Andrew, who joined Citadel in 1996 has a BComm. LLB and was initially responsible for the estate, succession and tax planning aspects of clients' portfolios, became head of Citadel's wealth management division in 2010 and was appointed Citadel CEO in 2013. He is a member of the Financial Planning Institute and the Association for Savings and Investment South Africa ("ASISA") industry bodies, having recently completed a term as a member of the ASISA Marketing & Distribution Board Committee. 7 March 2019 Joint sponsor Java Capital Joint sponsor Deloitte & Touche Sponsor Date: 07/03/2019 03:30:00 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.