CML Trading Statement, Assets Under Management And Appointment Of New Directors CORONATION FUND MANAGERS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1973/009318/06 Share code: CML ISIN: ZAE000047353 LEI: 3789001BC9A29E6FF77 (Coronation or the Company) TRADING STATEMENT, ASSETS UNDER MANAGEMENT AND APPOINTMENT OF NEW DIRECTORS AUM Update Shareholders are advised that Coronations total assets under management (AuM) as at 30 September 2020 are R569 billion. Trading Statement The board of directors of Coronation are satisfied that a reasonable degree of certainty exists that earnings per share (EPS), headline earnings per share (HEPS) and diluted headline earnings per share (DHEPS) for the year ended 30 September 2020 are expected to increase by between 10% to 20% (34.2 and 68.4 cents per share) when compared to the EPS, HEPS and DHEPS of 341.9 cents reported for the year ended 30 September 2019 (prior year). Included in these earnings is the net impact of unrealised fair value gains of 15.4 cents per share, compared to 5.7 cents per share in the prior year. The financial information on which this trading statement has been based has not been reviewed and reported on by Coronations external auditors. Coronations financial results for the year ended 30 September 2020 will be released on or about 24 November 2020. Appointment of New Directors In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, the board of directors of the Company (the Board) wishes to advise that Mr. Neil Brown , Mr. Phakamani Hadebe and Mr. Sakhiwo (Saks) Ntombela have been appointed as independent non- executive directors of the Company with effect from 19 October 2020. Neil Brown has a National Diploma in Company Admin and a Master of Business Administration in Finance, with 28 years of experience as a South African based fund manager and equity analyst. Neil previously worked at Syfrets Managed Assets, Nedcor Investment Bank, Quaystone and following this he was the co-founder and co-head of Electus Fund Managers. Phakamani Hadebe has a Masters in Economics from the University of Durban-Westville, a Master in Arts in Rural Development from the University of Sussex, is an alumnus of the Wharton Business School and the IMF Institute. He has served in senior management positions in both the public and private sectors. Most recently he served as the Group Chief Executive of Eskom Holdings. Before that he was the CEO of Corporate and Investment Banking (SA) at Barclays Africa and the CEO for the Land and Agricultural Bank. Phakamani also worked in the National Treasury for thirteen years serving as Head of Assets and Liabilities from 2003 to 2008. Phakamani is also consulting for the IMF and the United Nations Economic Community of Africa on financial markets. Saks Ntombela serves as the Group CEO Hollard Insurance (Hollard). Prior to joining Hollard, Saks served as the head of Retail Banking Product and Segments at ABSA and held a number of executive positions at Nedbank. He holds a Bachelor of Science Mechanical Engineering degree from the University of Natal, Saks is also a graduate of the University of Cape Towns Graduate School of Business. More recently, he also completed the Advanced Management Programme at the Harvard Business School in Boston. The Board welcomes Neil, Phakamani and Saks and looks forward to their contributions to the Company. Cape Town 14 October 2020 Sponsor PSG Capital Date: 14-10-2020 12:00:00 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.