JSE : Retirement of alternate director and appointment of new non-executive director

JSE Limited

(Incorporated in the Republic of South Africa) Registration number: 2005/022939/06

Share code: JSE

ISIN: ZAE000079711

LEI: 213800MZ1VUQEBWRFO39 ("JSE" or "the Group")

RETIREMENT OF ALTERNATE DIRECTOR AND APPOINTMENT OF NEW NON- EXECUTIVE DIRECTOR

In compliance with the JSE Listings Requirements, shareholders are advised of the following changes to the Board.

Mr Burke

Mr John Burke will retire as an executive of the JSE, and as alternate director on the JSE Board, effective 1 February 2020.

John has served as the Director: Issuer Regulation and as a member of the JSE's executive committee since 1997, and has served as an executive director, and subsequently as alternate director, on the JSE Board since 2005.

During a 30 year career at the JSE, John has made significant contributions to corporate governance and to the disclosure requirements for listed entities. He has also served as a member and important contributor to the King Committee on Corporate Governance.

The Board extends its grateful thanks to John for his committed service and valuable contribution to the affairs of the JSE over so many years.

Ms Cleary

Ms Siobhan Cleary will join the JSE Board as an independent non- executive director, effective 1 February 2020.

Siobhan Cleary has extensive experience in strategy development, public policy and sustainability within capital markets, both internationally and in South Africa.

Siobhan's most recent executive role was as head of research and public policy at the World Federation of Exchanges (WFE), based in London, where she led the WFE's research agenda, and developed the research unit into one that is internationally recognised and referenced.

Siobhan also served as director of strategy and public policy for the JSE until 2015. She continues to publish and present as a thought-leader on the issues of climate finance, sustainable

development, financial market development, securities regulation and technology.

Siobhan holds BA and LLB degrees from the University of Cape Town, an MBA also from UCT, an MA in International Relations and Economics from John Hopkins University and is a Yale World Fellow of 2011 (a fellowship programme at Yale University).

Ms Cleary will join the JSE's Group Social and Ethics Committee and Group SRO Oversight Committee as from 1 February 2020.

The Board welcomes Ms Cleary and looks forward to her contribution.

Sandton

31 January 2020

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)