AFRICAN RAINBOW CAPITAL INVESTMENTS LIMITED - Disclosure of significant holding of African Rainbow Capital Investments Limited ordinary shares

Disclosure of significant holding of African Rainbow Capital Investments Limited ordinary shares

AFRICAN RAINBOW CAPITAL INVESTMENTS LIMITED
Incorporated in the Republic of Mauritius)
(Registration number: C148430)
JSE share code: AIL
ISIN: MU0553S00000
(“ARC Investments” or “the Company”)

DISCLOSURE OF SIGNIFICANT HOLDING OF AFRICAN RAINBOW CAPITAL INVESTMENTS LIMITED ORDINARY SHARES

In accordance with paragraph 122(3)b) of the Companies Act, No. 71 of 2008 as amended (“the Companies
Act”), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited
Listings Requirements, shareholders are advised that the Company has received formal notification that the
ARC Fund, an en commandite partnership acting through its general partner, UBI General Partner Proprietary
Limited (Registration number: 2016/224337/07) has increased its holding in the Company to 66 408 526
ordinary shares, such that the ARC Fund now holds 5% of the issued ordinary shares in the Company.

As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notice with
the Takeover Regulation Panel.

The board of directors of ARC Investments accepts responsibility for the information contained in this
announcement as it relates to the Company and confirms that, to the best of its knowledge and belief, such
information relating to ARC Investments is true and that this announcement does not omit anything likely to
affect the importance of such information.

Ebène, Mauritius (with simultaneous circulation in Johannesburg)

24 December 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 24-12-2020 10:00:00
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