Dealings in securities by directors RACEC GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1998/006153/06) Share code: RAC ISIN: ZAE000105409 (“RACEC” or “the Group”) DEALINGS IN SECURITIES BY DIRECTORS In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed: Name of director: Garry Harrod Company: RACEC Group Limited Class of securities: Ordinary Shares Nature of transaction: Sale of shares on market Date of transaction: 18 January 2013 Price per security: 90 cents Number of securities: 4 000 000 Total value: R3 600 000 Clearance to deal obtained: Yes Name of director: Winston Ollewagen Company: RACEC Rail Proprietary Limited Class of securities: Ordinary Shares Nature of transaction: Sale of shares on market Date of transaction: 17 January 2013 Price per security: 90 cents Number of securities: 7 630 000 Total value: R6 867 000 Clearance to deal obtained: Yes Name of director: Sean Wilkins Company: RACEC Group Limited Class of securities: Ordinary Shares Nature of transaction: Sale of shares on market Date of transaction: 18 January 2013 Price per security: 90 cents Number of securities: 700 000 Total value: R630 000 Clearance to deal obtained: Yes Cape Town 21 January 2013 Designated Adviser Merchantec Capital Date: 21/01/2013 11:12:00 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.