REM - Remgro Limited - Finalisation announcement relating to the transfer

REM - Remgro Limited - Finalisation announcement relating to the transfer       
Remgro Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/006415/06)                                            
(ISIN: ZAE000026480)                                                            
(Share code: REM)                                                               
("Remgro" or "the Company")                                                     
FINALISATION ANNOUNCEMENT RELATING TO THE TRANSFER OF FIRSTRAND LIMITED         
("FIRSTRAND") AND MMI HOLDINGS LIMITED ("MMI HOLDINGS") SHARES TO THE           
FOUNDERS OF RMB HOLDINGS LIMITED ("RMBH"), IN EXCHANGE FOR RMBH SHARES          
Remgro shareholders are referred to the detailed terms announcement released    
on SENS on 15 December 2010 and published in the press on 17 December 2010      
(the "Remgro Announcement"), wherein Remgro advised shareholders that a group   
of RMBH and FirstRand Directors, comprising Messrs GT Ferreira, LL Dippenaar    
and PK Harris ("the Founders") have reached agreement with Remgro to acquire    
from Remgro, 20,543,977 FirstRand ordinary shares, together with 3,467,125      
MMI Holdings ordinary shares in exchange for 12,112,707 RMBH ordinary shares    
beneficially held by the Founders (the "Founders` FirstRand Exchange").         
Shareholders are advised that Remgro has obtained advice from an independent    
expert acceptable to the JSE that the Founders` FirstRand Exchange is fair      
insofar as the shareholders of Remgro are concerned, in compliance with         
paragraph 10.7(b) of the JSE Listings Requirements and such opinion is          
available for inspection at the company`s registered offices.                   
As such the only condition precedent has been fulfilled and the trade will be   
executed.                                                                       
31 January 2011                                                                 
Merchant bank and sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Legal advisors                                                                  
DLA Cliffe Dekker Hofmeyr Inc                                                   
Independent expert                                                              
KPMG Service (Proprietary) Limited                                              
Date: 31/01/2011 10:50:07 Supplied by www.sharenet.co.za                     
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