RAND MERCHANT INVESTMENT HOLDINGS LIMITED - Dealing in securities by the company

Dealing in securities by the company

Rand Merchant Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2010/005770/06)
ISIN: ZAE000210688
JSE ordinary share code: RMI
("RMI" or "the Company")

DEALING IN SECURITIES BY THE COMPANY

In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:

Company                     : RMI
Date of transaction         : 28 December 2021
Nature of transaction       : Off-market acquisition and sale
                              of RMI call options
Class and number of         : Call options on 6 680 728 RMI
securities acquired           ordinary shares
Class and number of         : Call options on 8 929 545 RMI
securities sold               ordinary shares
Delta reference             : 4 428 cents per ordinary share
Strike price range of       : 2 937 cents to 6 500 cents per
securities acquired           ordinary share
Strike price range of       : 0.01 cents to 8 000 cents per
securities sold               ordinary share
Premium paid                : R4 908 788
Expiry date range           : 3 October 2022 to 2 October
                              2026
Nature of interest          : Direct beneficial
Clearance obtained          : Yes

These call options were bought and sold to rebalance the hedging of
the long-term incentive awards allocated to qualifying employees.

Rosebank
31 December 2021

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

Date: 31-12-2021 12:10:00
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