Disclosure of quarterly portfolio as at 31 December 2012 RECM and CALIBRE LIMITED (Incorporated in the Republic of South Africa) (Registration number 2009/012403/06) Preference share code: RACP ISIN: ZAE000145041 (“RAC” or “the Company”) DISCLOSURE OF QUARTERLY PORTFOLIO AS AT 31 DECEMBER 2012 In terms of paragraph 2.3.3 of the prospectus dated 14 May 2010 the disclosure of the Net Asset Value per Preference Share on a quarterly basis will change to a six monthly basis once cash and money market deposits are below 50% of the portfolio. Shareholders are advised that the portfolio of RAC as at 31 December 2012 consists of: - Cash and money market deposits 48.2% - Listed and unlisted Equities 51.8% Six monthly disclosure will begin from the period ending 31 March, 2013. Quarterly disclosure will resume should cash and money market deposits again exceed 50% of the portfolio. The Net Asset Value of the Preference Shares was 1155 cents per share as at 31 December 2012. The Net Asset Value has not been audited or reviewed by the auditors of the Company. For and behalf of the directors P Viljoen Cape Town 10 January 2013 Sponsor Deloitte & Touche Sponsor Services (Pty) Limited (Incorporated in the Republic of South Africa) (Registration number 1996/000034/07) Date: 10/01/2013 04:15:00 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.