RACP - RECM and Calibre Limited - Disclosure of quarterly portfolio as at

RACP - RECM and Calibre Limited - Disclosure of quarterly portfolio as at       
31 March 2011                                                                   
RECM and CALIBRE LIMITED                                                        
(Formerly Velvospec Limited)                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2009/012403/06)                                            
Preference share code: RACP                                                     
ISIN: ZAE000145041                                                              
("RAC" or "the Company")                                                        
DISCLOSURE OF QUARTERLY PORTFOLIO AS AT 31 MARCH 2011                           
Shareholders are advised that the portfolio of RAC as at 31 March 2011 consists 
of:                                                                             
- Cash and money market deposits 90.7%                                          
- Local listed and unlisted Equities 9.3%                                       
The Net Asset Value of the Preference Shares was 1029 cents per share as at 31  
March 2011. The Net Asset Value has not been audited or reviewed by the auditors
of the Company.                                                                 
For and behalf of the directors                                                 
T de Bruyn                                                                      
Cape Town                                                                       
11 April 2011                                                                   
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Limited                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/000034/07)                                            
Date: 11/04/2011 11:00:05 Supplied by www.sharenet.co.za                     
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