RMB HOLDINGS LIMITED - Trading statement for the 6 months ended 31 December 2020 and engagement with shareholders

Trading statement for the 6 months ended 31 December 2020 and engagement with shareholders

RMB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1987/005115/06
ISIN: ZAE000024591
Share Code: RMH
("RMH" or the “Company”)

TRADING STATEMENT FOR THE 6 MONTHS ENDED 31 DECEMBER 2020 AND ENGAGEMENT WITH
SHAREHOLDERS

1. TRADING STATEMENT

RMH is currently in the process of finalising its interim results for the six months ended 31 December 2020
(the current period), which will be released on the Stock Exchange News Service (SENS) on or about
Friday, 19 March 2021. Following the unbundling of its entire shareholding in FirstRand Limited (FirstRand)
in the second half of 2020 (effective on 30 June 2020), RMH Property is RMH’s only asset. RMH’s results
for the six months ended 31 December 2019 (the prior period) include FirstRand’s results. In the prior
period, the shareholding in, and earnings contribution from, FirstRand, dominated the RMH asset and
earnings base. In the current period, RMH’s results include only the operational performance of RMH
Property. The FirstRand operational performance for the prior period is treated as a discontinued operation
in terms of IFRS 5 and equity-accounted.

Pursuant to paragraph 3.4(b) of the JSE Limited Listings Requirements, RMH shareholders are advised
that RMH’s earnings per share (EPS) are expected to decrease by between 100% and 110% and headline
earnings per share (HEPS) are expected to decrease by between 100% and 110% when compared against
the prior period EPS and HEPS, and are expected to be within the ranges as set out below:

Continued and discontinued                      December 2019                           December 2020
operations                                            (cents)                                 (cents)
EPS                                                     323.4                    0.0 to negative 32.3
HEPS                                                    324.6                    0.0 to negative 32.5

The financial information on which this trading statement is based has not been reviewed and reported on
by RMH’s external auditors.


Shareholders are invited to attend the investor call scheduled for Tuesday, 23 March 2021. Details can be
obtained from the company secretary at company.secretary@rmbh.co.za.


2. ENGAGEMENT WITH SHAREHOLDERS REGARDING THE REMUNERATION POLICY AND
   REMUNERATION IMPLEMENTATION REPORT

As the non-binding advisory resolutions on the remuneration policy and the remuneration implementation
report were not supported by the requisite 75% of votes cast at the annual general meeting of RMH
shareholders held on 3 December 2020, RMH invites shareholders to engage with the Company during the
investor call on Tuesday, 23 March 2021. RMH has appointed PricewaterhouseCoopers Inc as independent
advisor to assist with a remuneration benchmarking process.
Shareholders are further invited to provide their comments relating to the remuneration policy and
remuneration implementation report in writing to the group company secretary by Wednesday, 17 March
2021 at company.secretary@rmbh.co.za.

Sandton
5 March 2021

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 05-03-2021 08:00:00
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