Share dealings by associates of a director 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”) Notification of share dealings by associates of a director of the Company In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified that associates of a director of the Company have dealt in RAC preference shares. Details of the dealings are as follows: Dealings by associates of Johannes Cornelis van Niekerk (Financial Director) Name of Associate: T-Tow Investments (Pty) Ltd Relationship to Associate: Mr van Niekerk is a director of T-Tow Investments. He is a trustee and beneficiary of the Cornel Trust, the sole shareholder in T-Tow Investments. Date of transaction: 29 September 2015 Price of securities: 1 630 cents Number of securities: 7 500 Total value of securities: R 122 250.00 Class of shares: Preference shares Nature of transaction: Acquisition Interest (direct or indirect): Indirect beneficial On- or off-market transaction: On-market Name of Associate: The Cora Foundation Trust Relationship to Associate: Mr van Niekerk is one of 5 trustees of The Cora Foundation Trust, a charitable trust that was established by his family. Neither Mr van Niekerk nor any member of his family are beneficiaries of the Cora Foundation Trust. Date of transaction: 29 September 2015 Price of securities: 1 630 cents Number of securities: 7 500 Total value of securities: R122 250.00 Class of shares: Preference shares Nature of transaction: Disposal Interest (direct or indirect): Indirect non-beneficial On- or off-market transaction: On-market Cape Town 30 September 2015 Sponsor to RECM and Calibre Limited Questco (Pty) Ltd Date: 30/09/2015 01:27:00 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.