JSE Limited Investor Presentation — February 2018

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1 Operating environment for 2017

US has provided a welcome fiscal lead –

still some labour market slack

Conditions improved in Europe – rising

business and consumer confidence

China’s economy still growing

Negative impact of the Brexit decision

starting to be felt IN SA

Strong demonstrations of independence

from key South African institutions

Continued low growth with

increasing impatience from the

economically marginalised Declining business confidence for

most of the year, improving slightly

2 What 2017 meant for our stakeholders

Particularly noisy local socio -economic environment

Declining value and volume traded in key markets for most of 2017, with uptick in Q4

Reduced planned headcount by 17%

In closing stages of ITaC and government bond ETP

Focused on restoring stability following operational incidents

Launched green bond segment with the City of Cape Town green bond (5x oversubscribed)

New Listing Requirement: Listed companies must have a policy on the promotion of gender and

racial diversity at board level

Local competitor exchanges were launched

3 2017 financial drivers

derivatives contracts

derivatives contracts

derivatives contracts

*Central order book published statistics  8%

(2016: 1 074.8c) 6%

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