RARE HOLDINGS LIMITED - Results of Claw-back Offer

Results of Claw-back Offer

RARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2002/025247/06
Share Code: RAR ISIN: ZAE000092714
("the Company" or "RARE")

RESULTS OF THE CLAW-BACK OFFER

1.   INTRODUCTION
     Shareholders are referred to the announcement released on SENS
     on 24 August 2012 and the circular to shareholders dated 10
     September 2012, setting out details of a Subscription by Mr.
     Thembinkosi   Siyolo  or   his  nominee   Doculate   Investments
     Proprietary Limited (“the Subscriber”) for the right to be
     allotted 1 250 000 000 new ordinary shares ("Shares") at 8
     cents per Share ("the Subscription") and a renounceable Claw-
     Back Offer (“the Claw-Back Offer") to RARE shareholders.

     In terms of the Claw-Back Offer, RARE offered for Subscription
     by way of letters of allocation to its shareholders recorded in
     the register as such on Friday, 7 September 2012 ("the Record
     Date"), 1 250 000 000 Shares at an issue price of 8 cents per
     Share in the ratio of 232.01856 Shares for every 100 Shares
     held on the Record Date.

2.   RESULTS OF THE CLAW-BACK OFFER
     Applications for 39 658 18 Shares constituting 3.17% (excluding
     the allocation to which the Subscriber is entitled to) of the
     Subscription ("Applications"), were received from shareholders
     (or their renouncees). The Subscription price of R3 172 681.44
     in respect of the Applications will be refunded by RARE to the
     Subscriber. The balance of 1 210 341 482 Shares, constituting
     96.83% of the Subscription (including the allocation to which
     the Subscriber is entitled to), not applied for by RARE
     shareholders and their renouncees, has been credited to the
     Subscribers’ Central Securities Depository Participant.

     The Claw-Back Offer did not include the right for shareholders
     to apply for excess Shares.

     Following the finalisation of the Claw-Back Offer, the
     Subscriber holds 1 318 091 482 Shares, representing 73.69 % of
     RARE`s issued share capital.

Johannesburg
4 October 2012

Designated advisor:   PSG Capital Proprietary Limited

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