Alexander Forbes Preference Share Investments Limited, Special/Extraordinary Shareholders Meeting, May 08, 2013., at 12:00 South Africa Standard Time. Location: Table Mountain Board Room, 7th Floor, Alexander Forbes. Agenda: To consider the adoption of a Memorandum of Incorporation for the company.

Alexander Forbes Preference Share Investments Limited announced that Mr. Jan Wandrag has resigned as Mr. Doidge’s alternate director with effect from 18 February 2013.

Alexander Forbes Preference Share Investments Limited reported unaudited earnings results for the six months ended September 30, 2012. For the period, the company reported operating income net of direct expenses of ZAR 2,061 million against ZAR 1,851 million for the same period last year. Profit from operations before non-trading and capital items was ZAR 524 million against ZAR 483 million for the same period last year. Operating profit was ZAR 480 million against ZAR 396 million for the same period last year. Profit before taxation was ZAR 90 million against ZAR 3 million for the same period last year. Loss for the period from continuing operations was ZAR 25 million or 15 cents per basic share against ZAR 84 million or 28 cents per basic share for the same period last year. Loss attributable to equity holders was ZAR 89 million or 24 cents per basic and headline share against ZAR 85 million or 23 cents per basic and headline share for the same period last year. Headline loss per share from continuing operations was 15 cents against 27 cents for the same period last year. Headline loss per share attributable to equity holders was 17 cents against 20 cents for the same period last year. Net cash outflow from operating activities was ZAR 961 million against ZAR 10,561 million for the same period last year. Capital expenditure for the year was ZAR 24 million against ZAR 48 million for the same period last year.