HSTG.L Regulatory News (HSTG)

FOR IMMEDIATE RELEASE

14 March 2017

Hastings Group Holdings plc (the "Company")

Director appointment and resignations

The Company refers to announcements made by on 14 December 2016 and on 21 February 2017. The Company confirms that the acquisition of 29.9% shareholding in the Company by Rand Merchant Investment Holdings Limited and its wholly owned subsidiary Main Street 1353 Proprietary Limited ("RMI"), (the "Transaction") completed on 1 March 2017.

Pursuant to a relationship agreement between the Company and RMI, for so long as RMI holds a direct or indirect interest of between 15% and 29.9% in the issued ordinary share capital of the Company, RMI is able to nominate a director for appointment to the Board of the Company. The Company is pleased to announce that, with immediate effect, Mr Herman Bosman, Chief Executive Officer of RMI, is appointed as a director of the Company.

Mr Bosman is the CEO of RMI and its sister company RMB Holdings, having joined the companies in April 2014. Prior to his current role he was Head of Corporate Finance at Rand Merchant Bank from 2000 until 2006 and CEO of Deutsche Bank South Africa from 2006 to 2013. Mr Bosman is a non-executive director of Discovery Limited, OUTsurance Limited and Merchant Capital Limited. He also serves on the Board of Governors of the University of Johannesburg, is a director of Endeavor South Africa and Business and Arts South Africa and served eight years as a trustee of the Deutsche Bank South Africa Foundation. He holds a BCom (LLM) and is a Chartered Financial Analyst.

As a consequence of the Transaction, and under the terms of their relationship agreement with the Company, the GS Shareholders' and Founder Shareholders' respective entitlement to nominate directors for appointment to the Board has reduced from two directors each to one director each. The Company confirms that Mr Michele Titi-Cappelli has resigned as a director representing the GS Shareholders and Mr Edward Fitzmaurice has resigned as a director representing the Founder Shareholders with immediate effect.

As a result of these changes to the Board Mr Edward Fitzmaurice will step down as a member of the Remuneration Committee and Mr Michele Titi-Cappelli will step down as a member of the Risk Committee. Mr Richard Brewster will be appointed as a member of the Remuneration Committee as the representative of Founder Shareholders.

There are no additional matters requiring disclosure under Rule 9.6.13 of the UK Listing Rules.

For more information please contact:

Hastings Group 01424 738011

Tony Leppard cosec@hastingsplc.com

Founder Shareholders and GS Shareholders

For the purposes of this announcement, the "Founder Shareholders" are Neil Utley (and certain members of his immediate family), Edward Fitzmaurice, Keith Charlton, Richard Brewster and Narmali Utley and the "GS Shareholders" are Hastings A, L.P., Hastings B, L.P and Goldman Sachs & Co.