RMB HOLDINGS LIMITED - Sale of shares and loan account in Milanick

Sale of shares and loan account in Milanick

RMB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005115/06)
ISIN: ZAE000024501
JSE ordinary share code: RMH
(“RMH” or “the Company”)


SALE OF SHARES AND LOAN ACCOUNT IN MILANICK

Shareholders are reminded of the fact that RMH is following its monetisation strategy and considering
this, RMH is disclosing the following on a voluntary basis:

    •   RMH, through its 100% owned subsidiary RMH Property Holdco 4 (Pty) Ltd (Company
        Registration number 2017/024627/07) (“RMH4”), owns 50% of Integer Properties 3 (Pty) Ltd
        (Company Registration number 2015/122378/07) (“Integer”).

    •   Integer owns 33.3% of Milanick Properties (Pty) Ltd (Company Registration number
        2017/131066/07) (“Milanick”).

    •   In keeping with RMH’s strategy of monetisation, Integer entered into an agreement to sell its
        shares and loan account to existing shareholders, holding 33.3%, of Milanick for R50 million.
        The purchase price of R50 million equates to a property value equal to the 31 March 2023
        external valuation.

    •   On receipt of the R50 million, which is payable before the 13th of September 2023, Integer will
        apply the proceeds towards repaying RMH4 a portion of the disproportionate shareholder
        loan account.

The purchase consideration mentioned above represents less than 5% of the Company’s market
capitalisation as at the signature date and accordingly the disposal does not constitute a
categorisable transaction in terms of the JSE Limited Listings Requirements.

This is a positive move toward unlocking value for shareholders in terms of the RMH monetisation
strategy.

Bryanston
23 August 2023

Sponsor
BSM Sponsors Proprietary Limited

Date: 23-08-2023 08:30:00
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