Completion of Acquisition

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

14 March 2018

RECOMMENDED CASH OFFER

for

Aldermore Group PLC

by

FirstRand International Limited, a wholly-owned subsidiary of FirstRand Limited

COMPLETION OF ACQUISITION BY FIRSTRAND INTERNATIONAL LIMITED

Aldermore Group PLC ("Aldermore" or the "Company") and FirstRand International Limited ("FirstRand Offeror"), a wholly-owned subsidiary of FirstRand Limited, are pleased to announce that the Scheme has now become effective and the entire issued ordinary share capital of Aldermore is owned by FirstRand Offeror.

Admission to trading of Aldermore Shares on the London Stock Exchange's main market for listed securities and the listing of Aldermore Shares on the premium listing segment of the Official List of the UK Listing Authority will be cancelled with effect from 8:00 am on 15 March 2018.

Aldermore Shareholders on the register at the Scheme Record Time, being 6.00p.m. on 13 March 2018, will receive 313 pence in cash for each Scheme Share. The consideration due to Scheme Shareholders will be sent by 28 March 2018.

Defined terms used but not defined in this announcement have the meanings set out in the Scheme Document dated 13 November 2017.

Enquiries:

IMPORTANT NOTICES

J.P. Morgan Limited, which conducts its UK investment banking business as J.P. Morgan Cazenove, is authorised and regulated by the Financial Conduct Authority in the United Kingdom. J.P. Morgan Cazenove is acting exclusively as financial adviser to Aldermore and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters set out in this announcement and will not be responsible to anyone other than Aldermore for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, or for providing advice in relation to the contents of this announcement or any other matter referred to herein.

RBC Europe Limited (trading as RBC Capital Markets) is authorised in the United Kingdom by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom. RBC Capital Markets is acting solely for Aldermore and no one else in connection with the matters set out or referred to in this announcement and will not regard any other person as its client in relation to the matters in this announcement, and will not be responsible to anyone other than Aldermore for providing the protections afforded to clients of RBC Capital Markets, or for providing advice in connection with the matters referred to herein.

Lazard & Co., Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as financial adviser to Aldermore and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Aldermore for providing the protections afforded to clients of Lazard & Co., Limited nor for providing advice in relation to the matters referred to in this announcement. Neither Lazard & Co., Limited nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Lazard & Co., Limited in connection with this announcement, any statement contained herein or otherwise.

Publication on Website

A copy of this announcement will be made available subject to certain restrictions relating to persons resident in restricted jurisdictions on Aldermore's and FirstRand Limited's websites (http://www.investors.aldermore.co.uk and http://www.firstrand.za/InvestorCentre, respectively) by no later than 12 noon (London time) on 15 March 2018. For the avoidance of doubt, the contents of those websites are not incorporated and do not form part of this announcement.