RAH - Real Africa Holdings Limited - Further announcement regarding the offer to

RAH - Real Africa Holdings Limited - Further announcement regarding the offer to
the shareholders of RAH                                                         
REAL AFRICA HOLDINGS LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1994/003919/06)                                           
(Share code: RAH)                                                               
(ISIN: ZAE000008702)                                                            
("RAH" or "the Company")                                                        
Further announcement regarding the offer to the shareholders of RAH             
RESULTS OF THE OFFER                                                            
As at 27 January 2012, being the original closing date of the offer made by Sun 
International Limited through its wholly owned subsidiary Sun International     
(South Africa) Limited ("the offeror"), to the shareholders of RAH ("RAH        
shareholders"), to acquire all of the issued ordinary shares in the capital of  
RAH ("RAH shares") ("the offer"), valid acceptances of the offer have been      
received in respect of 117 816 983 RAH shares equating to 97.1% of all of the   
RAH shares but specifically excluding the RAH shares held by the offeror and any
treasury RAH shares ("the offer shares").                                       
Combined with the 240 593 631 RAH shares already held by the offeror, the       
offeror now has a 99.0% effective interest in RAH.                              
REVISION TO DATE OF PAYMENT AND TERMINATION OF THE LISTING OF RAH SHARES ON THE 
JOHANNESBURG STOCK EXCHANGE                                                     
As announced on SENS on 20 January 2012 and as set out in the notice to RAH     
shareholders dated 20 January 2012 the offeror has exercised its entitlement to 
compulsorily acquire, on the same terms and conditions contained in the offer   
circular dated 5 December 2011 ("offer circular"), the remaining offer shares in
accordance with the terms of section 124 of the Companies Act.                  
The date of payment of the compulsory acquisition offer consideration to RAH has
been revised to be Tuesday,13 March 2012 and the listing of RAH shares will be  
terminated with effect from the commencement of trade on the JSE on Wednesday,  
14 March 2012, unless an application is made to the High Court of South Africa  
("the Court"), by Friday, 9 March 2012, to prevent the compulsory acquisition of
the remaining offer shares in terms of section 124 of the Companies Act and the 
Court orders that the offeror shall not be entitled to invoke the compulsory    
acquisition of the remaining offer shares or the Court imposes conditions or    
terms which are different from those in the offer circular.                     
Sandton                                                                         
8 February 2012                                                                 
Sponsor                                                                         
Investec Bank                                                                   
Date: 08/02/2012 09:35:01 Supplied by www.sharenet.co.za                     
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