RAR - Rare Holdings Limited - Results of the claw-back offer

RAR - Rare Holdings Limited - Results of the claw-back offer                    
RARE HOLDINGS LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
Registration Number:  2002/025247/06                                            
Share Code:  RAR    ISIN:  ZAE000092714                                         
("the Company" or "RARE")                                                       
RESULTS OF THE CLAW-BACK OFFER                                                  
1    INTRODUCTION                                                               
    Shareholders are referred to the announcement released on SENS on 14 April  
    2011 and the circular to shareholders dated 20 June 2011, setting out       
    details of a subscription by Stafric Investments and Management Services    
(Proprietary) Limited ("Stafric") for the right to be allotted 200 000 000  
    new ordinary shares ("shares") at 20 cents per share ("the subscription")   
    and a renounceable claw-back offer ("the claw-back offer") to RARE          
    shareholders.                                                               
In terms of the claw-back offer, RARE offered for subscription by way of    
    letters of allocation to its shareholders recorded in the register as such  
    on Friday, 17 June 2011 ("the record date"), 200 000 000 shares at an issue 
    price of 20 cents per share in the ratio of 2.25 shares for every 1 share   
held on the record date.                                                    
2    RESULTS OF THE CLAW-BACK OFFER                                             
    Applications for 10 342 472 shares ("applications"), constituting 5.17% of  
    the subscription, were received from shareholders (or their renouncees).    
The subscription price of R2 068 494.40 in respect of the applications will 
    be refunded by RARE to Stafric.  The balance of 189 657 528 shares,         
    constituting 94.83% of the subscription, not applied for by RARE            
    shareholders and their renouncees, has been credited to Stafric`s Central   
Securities Depository Participant.                                          
    The claw-back offer did not include the right for shareholders to apply for 
    excess shares.                                                              
    Following the finalisation of the claw-back offer, Stafric holds 189 657    
528 shares, representing 65.68% of RARE`s issued share capital.             
Johannesburg                                                                    
11 July 2011                                                                    
Designated advisor:  PSG Capital (Proprietary) Limited                          
Date: 11/07/2011 13:22:31 Supplied by www.sharenet.co.za                     
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