ARH - ARB Holdings Limited - Dealing in securities by a director

ARH - ARB Holdings Limited - Dealing in securities by a director                
ARB HOLDINGS LIMITED                                                            
(Registration number:  1986/002975/06)                                          
Share code:  ARH                                                                
ISIN:  ZAE000109435                                                             
("ARB")                                                                         
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with sections 3.63 to 3.74 of the Listings Requirements of        
the JSE Limited, shareholders are advised of the following purchase of          
ordinary shares in ARB:                                                         
Name of Director:               Alan R Burke                                    
Position:                       Non-executive chairman of ARB Holdings          
                               Limited                                          
Class of securities:            Ordinary shares in ARB Holdings                 
                               Limited                                          
Date of transaction:            9 December 2011                                 
Number of securities:           64,100                                          
Price per security:             320 cents                                       
Total value of transaction:     R205,120                                        
Nature of transaction:          An off-market purchase of shares by             
                               the Burke Investment Trust                       
Nature and extent of interest:  Indirect beneficial                             
Clearance in terms of section 3.66 of the Listings Requirements has             
been obtained.                                                                  
Durban                                                                          
13 December 2011                                                                
Sponsor:                                                                        
Grindrod Bank Limited                                                           
Date: 13/12/2011 11:11:46 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
funding at an interest rate of prime (compounded             

                   monthly), which provides the Company with 12% of the         
                   ordinary equity of Tor.                                      
For further details of the abovementioned investments, refer to the             
prospectus dated Wednesday, 30 November 2011.                                   
Cape Town                                                                       
12 December 2011                                                                
Investment bank and debt sponsor