RAR - Rare Holdings Limited - Results of the Annual General Meeting ("the AGM"),

RAR - Rare Holdings Limited - Results of the Annual General Meeting ("the AGM"),
The special General Meeting ("the General Meeting") & changes to the board of   
directors ("the board")                                                         
RARE HOLDINGS LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
Registration Number:  2002/025247/06                                            
Share Code:  RAR    ISIN:  ZAE000092714                                         
("Rare" or "the Company")                                                       
RESULTS OF THE ANNUAL GENERAL MEETING ("the AGM"), THE SPECIAL GENERAL MEETING  
("the General Meeting") & CHANGES TO THE BOARD OF DIRECTORS ("the Board")       
RESULTS OF THE AGM                                                              
1    Shareholders are advised that all the ordinary and special resolutions     
    proposed in the Notice of Annual General Meeting, which meeting was held on 
    13 December 2011 at 10h00, were passed by the requisite majorities of       
    shareholders present and represented by proxy and being entitled to vote at 
the AGM held earlier yesterday (with ascending voting percentages ranging   
    from 96.7% to 100.0%).                                                      
2    Shareholders and/or their representatives holding or representing 76.1% of 
    the issued share capital and being eligible to attend and vote, were        
present or represented at the AGM.                                          
RESULTS OF THE GENERAL MEETING                                                  
3    Shareholders are advised that all the ordinary and special resolutions     
    proposed in the Notice of General Meeting, which meeting was held on 13     
December 2011 at 12h00, were passed by the requisite majorities of          
    shareholders present and represented by proxy and being entitled to vote at 
    the AGM held earlier yesterday (with ascending voting percentages ranging   
    from 96.7% to 100.0%).                                                      
4    Shareholders and/or their representatives holding or representing 76.1% of 
    the issued share capital and being eligible to attend and vote, were        
    present or represented at the AGM.                                          
5    The special resolutions relating to the:                                   
5.1  conversion of the Company`s par value shares into no par value shares; 
    5.2  subsequent increase of the unissued but authorised share capital of    
         the Company; and                                                       
    5.3  amendments to the Company`s Memorandum of Incorporation (previously    
referred to as the Articles of Association)                            
    have been lodged for registration with the Registrar of Companies and       
    shareholders will be informed as soon as the special resolutions concerned  
    have been registered.                                                       
CHANGES TO THE BOARD                                                            
6    In compliance with paragraph 3.59(a) and 3.59(b) of the Listings           
    Requirements of the JSE Limited, shareholders are hereby informed of the    
    appointment of Alwyn Reginald Martin ("Alwyn") as non-executive director to 
the board with effect from 13 December 2011. Alwyn obtained a B.Comm degree 
    from the University of Cape Town. He was one of the first Black persons to  
    qualify as a Chartered Accountant and was founder partner of the first      
    Black Chartered Accounting firm in South Africa. He then became a partner   
with Ernst & Young whereafter he was appointed chairman of Vodacom and      
    served as a director on the board of Telkom. He was appointed Chief         
    Executive Officer of Siemens Telecommunications and after retiring in 2002  
    has been serving as non-executive director on various boards, including     
Petmin, Datacentrix Holdings, Mediclinic SA and Northam Platinum Limited.   
7    The Board wishes to welcome Alwyn and looks forward to his contributions to
    the Company.                                                                
Johannesburg                                                                    
14 December 2011                                                                
Designated advisor:  PSG Capital Proprietary Limited                            
Date: 14/12/2011 17:11:01 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            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.