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 23        
    December 2011 and the circular to shareholders dated 16 January 2012,       
    setting out details of a subscription by Stafric Investments and Management 
Services Proprietary Limited ("Stafric") for the right to be allotted 250   
    000 000 new ordinary shares ("shares") at 12 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, 13 January 2012 ("the record date"), 250 000 000 shares at an    
    issue price of 12 cents per share in the ratio of 86.58009 shares for every 
100 shares held on the record date.                                         
2    RESULTS OF THE CLAW-BACK OFFER                                             
    Applications for 40 325 748 shares ("applications"), constituting 16.13% of 
    the subscription, were received from shareholders (or their renouncees).    
The subscription price of R4 839 089.76 in respect of the applications will 
    be refunded by RARE to Stafric.  The balance of 209 674 252 shares,         
    constituting 83.87% 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 328 734    
335 shares, representing 68.68% of RARE`s issued share capital.             
Johannesburg                                                                    
6 February 2012                                                                 
Designated advisor:  PSG Capital Proprietary Limited                            
Date: 06/02/2012 17:32:08 Supplied by www.sharenet.co.za                     
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