AFRICAN RAINBOW CAPITAL INVESTMENTS LIMITED - Dealings in securities by a director of a related company

Dealings in securities by a director of a related company

                                    African Rainbow Capital Investments Limited
                                     (Incorporated in the Republic of Mauritius)
                                           (Registration number C148430)
                                            JSE and A2X share code: AIL
                               ISIN code: MU0553S00000 LEI: 378900F086B090C6FB94
                                                (“ARC Investments”)



DEALINGS IN SECURITIES BY A DIRECTOR OF A RELATED COMPANY

In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, shareholders of ARC Investments are
advised of the following dealings in ARC Investments securities by a director of a related company:

       Name of director:                                      Thomas Andrew Boardman
       Office held:                                           Chairman of UBI General Partner Limited
                                                              Investment Committee
       Name of related company:                               UBI General Partner Proprietary Limited, the
                                                              general partner of the ARC Fund*


       Date of transaction:                                   02 June 2023
       Nature of transaction:                                 Off-market sale and purchase of ordinary
                                                              shares
       Name of Seller of the securities:                      Navigamus Investments (Pty) Ltd (“Seller”)
       Relationship to director:                              T Boardman is a director and a shareholder of
                                                              the Seller


       Name of Purchaser of the securities:                   Momentum Life Limited (“Purchaser”)
       Relationship to director:                              T Boardman is a member of a pension fund
                                                              administered by the Purchaser

       Number of securities:                                  320,000 ordinary no par value shares
       Class of securities:                                   ARC Investments ordinary shares
       Purchase price:                                        625c per share
       Total value of the transaction:                        R2,000,000
       Clearance obtained:                                    Yes
       Nature of interest:                                    Indirect beneficial


*ARC Investments is a Limited Partner in the ARC Fund, an en-commandite partnership. Full details of the
structure were disclosed in the Pre-Listing Statement published on 28 August 2017.

Ebene, Mauritius (with simultaneous circulation in Johannesburg)
5 June 2023

Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited

Date: 05-06-2023 05:00:00
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.