RAR - Rare Holdings Limited - Proposed claw-back offer: Conclusion of

RAR - Rare Holdings Limited - Proposed claw-back offer: Conclusion of           
subscription agreement                                                          
RARE HOLDINGS LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
Registration Number:  2002/025247/06                                            
Share Code:  RAR    ISIN:  ZAE000092714                                         
("the Company" or "RARE")                                                       
PROPOSED CLAW-BACK OFFER:  CONCLUSION OF SUBSCRIPTION AGREEMENT                 
Shareholders are referred to the circular dated 14 April 2011 ("the             
circular") detailing, inter alia, a proposed claw-back offer by the Company     
whereby Stafric Investments and Management Services (Proprietary) Limited       
("Stafric") will subscribe for 200 000 000 new ordinary shares of R0.01 each    
in the ordinary share capital of RARE at a subscription price of 20 cents per   
share for the total amount of R40 million, which subscription is subject to     
the claw-back offer (as defined in the circular) and which subscription         
amount will subsequently be advanced to the Company by Stafric ("the proposed   
claw-back offer").                                                              
Shareholders are hereby advised that the subscription agreement between RARE    
and Stafric in terms of which the abovementioned subscription for RARE shares   
will be effected, has been concluded, and is available for inspection at the    
Company`s offices at 22 Old Vereeniging Road, Kliprivier, Midvaal at any time   
during normal office hours.                                                     
The salient dates in respect of the proposed claw-back offer will be            
announced on SENS, and a circular including full details of the claw-back       
offer will be distributed to shareholders in due course.                        
Johannesburg                                                                    
28 April 2011                                                                   
Designated Adviser:  PSG Capital (Proprietary) Limited                          
Date: 28/04/2011 17:37:01 Supplied by www.sharenet.co.za                     
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