RECM AND CALIBRE LIMITED - Trading Statement for the six months ended 30 September 2020

Trading Statement for the six months ended 30 September 2020

RECM and Calibre Limited
Incorporated in the Republic of South Africa)
Registration number 2009/012403/06)
Preference share code: RACP
ISIN: ZAE000145041
(“RAC” or "the Company”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2020

In compliance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company
is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty
exists that the financial results for the next period to be reported on will differ by at least 20% from the
previous corresponding period.

The board of directors of RAC considers the NAV per share of the Company to be the best indicator of
its financial performance.

Shareholders are hereby advised that, for the six months ended 30 September 2020, RAC expects the
NAV per share to be between 1 850 and 1 950 cents. This represents a decrease of between 32% and
36% from the NAV per share of 2 888 cents as reported at 30 September 2019.

The contents of this trading statement and the financial information on which it has been based have
not been reviewed, audited or reported on by the Company’s auditors.

Shareholders are further advised that the unaudited unreviewed results for RAC for the six months
ended 30 September 2020 will be released on SENS on/or about 29 October 2020.


Cape Town
22 October 2020

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 22-10-2020 02:22:00
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