ROLFES HOLDINGS LIMITED - Notification of dealing by a director and associate of a director

Notification of dealing by a director and associate of a director

ROLFES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002715/06)
Share Code: RLF & ISIN: ZAE000159836
("Rolfes" or "the Company")

NOTIFICATION OF DEALING BY A DIRECTOR AND ASSOCIATE OF A DIRECTOR

In accordance with the requirements of paragraph 3.63 to 3.74 of the
Listings Requirements of the JSE Limited (“JSE”), shareholders are hereby
advised of the following dealing in Rolfes securities by a director and
associate of executive director of the company, whereby the ordinary
shares are transferred from the associate to the director:

Company:                               Rolfes Holdings Limited
Director:                              Andreas Pieter Broodryk
Designation:                           Chief Financial Officer
Associate of director                  Deidre Broodryk
Type and class of securities:          Ordinary Shares
Nature of transaction:                 Transfer from spouse (off
                                       market)
Directors interest in transaction:     Transfer from indirectly
                                       beneficial to directly
                                       beneficial
Date of trades:                        13 December 2019
Closing market price:                  287 cents (Base cost)
Number of shares:                      100,000
Market value of transaction:           R 287,000
Permission to deal obtained:           Yes

Johannesburg
18 December 2019
Sponsor: Grindrod Bank Limited

Date: 18-12-2019 05:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.