RBA - RBA Holdings Limited - Issues of shares for cash - Correction of Pro Forma

RBA - RBA Holdings Limited - Issues of shares for cash - Correction of Pro Forma
Financial Effects                                                               
RBA HOLDINGS LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1999/009701/06)                                            
JSE Share code: RBA   ISIN: ZAE000104154                                        
("RBA" or "the company")                                                        
ISSUES OF SHARES FOR CASH - CORRECTION OF PRO FORMA FINANCIAL EFFECTS           
1    INTRODUCTION                                                               
    Shareholders are referred to the SENS announcement of 25 April 2012,        
    specifically the pro forma financial effects of the general and specific    
issues for cash. The pro forma financial effects on the net asset value and 
    tangible net asset value for the general and specific issues for cash were  
    incorrect. The correct pro forma effects on the issues are tabled below.    
2    PRO FORMA FINANCIAL EFFECTS ON GENERAL ISSUE                               
Audited 31    Announced    Corrected  Change            

                        December      25 April                (%)               
                        2011          2012                                      
      Earnings per      1.18          0.94         0.94       -                 
share (cents)                                                             
      Headline earnings 2.16          1.73         1.73       -                 
      per share (cents)                                                         
      Net asset value   15.36         25.34        15.87      3.32              
per share (cents)                                                         
      Net tangible      13.12         23.56        14.06      7.16              
      asset value per                                                           
      share (cents)                                                             
Weighted average  340 000       420 000      420 000    -                 
      number of shares                                                          
      in issue (`000)                                                           
      Total shares in   340 000       420 000      420 000    -                 
issue (`000)                                                              
3    PRO FORMA FINANCIAL EFFECTS ON THE SPECIFIC ISSUE FOR CASH                 
                        Audited 31    Announced    Corrected  Change            
                        December      25 April                (%)               
2011          2012                                      

      Earnings per      1.18          1.11         1.11       -                 
      share (cents)                                                             
      Headline earnings 2.16          2.05         2.05       -                 
per share (cents)                                                         
      Net asset value   15.36         28.03        15.46      0.65              
      per share (cents)                                                         
      Net tangible      13.12         25.61        13.29      1.30              
asset value per                                                           
      share (cents)                                                             
      Weighted average  340 000       349 976      349 976    -                 
      number of shares                                                          
in issue (`000)                                                           
      Total shares in   340 000       349 976      349 976    -                 
      issue (`000)                                                              
26 April 2012                                                                   
Johannesburg                                                                    
Designated Advisor                                                              
Exchange Sponsors                                                               
Date: 26/04/2012 15:49:01 Supplied by www.sharenet.co.za                     
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