RBA - RBA Holdings Limited - Acquisition of properties for investment purposes

RBA - RBA Holdings Limited - Acquisition of properties for investment purposes  
and cautionary announcement                                                     
RBA Holdings Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1999/009701/06)                                            
(JSE code: RBA     ISIN: ZAE000104154                                           
("RBA" or "the company")                                                        
ACQUISITION OF PROPERTIES FOR INVESTMENT PURPOSES AND CAUTIONARY ANNOUNCEMENT   
Shareholders are advised that a wholly owned subsidiary of RBA has entered into 
an agreement on 16 May 2011 with Double D & G Building Contractors CC for the   
acquisition of properties for an amount of R84.17 million including VAT. The    
properties comprise of tenanted sectional title units and single quarters which 
will be held as investment stock. The properties are located in the towns of    
Cashan Extension 19 and Waterval East Extension 14 of Rustenburg respectively.  
The agreement is subject to various conditions precedent which are customary in 
transactions of this nature, inter alia the granting of a loan from a registered
credit provider within 21 days from date of signature of the agreement and      
approval by the shareholders of the company. Once the loan has been granted, a  
detailed announcement will be made containing the full financial effects.       
Shareholders are advised to exercise caution in dealing with their RBA shares   
until such further announcement is made.                                        
20 May 2011                                                                     
Johannesburg                                                                    
Designated Adviser                                                              
Exchange Sponsors                                                               
Date: 20/05/2011 14:49:01 Supplied by www.sharenet.co.za                     
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