Update on disputes with the South African Revenue Service (“SARS”) Remgro Limited (Incorporated in the Republic of South Africa) (Registration number 1968/006415/06) ISIN: ZAE000026480 Share code: REM (“Remgro” or “the Company”) UPDATE ON DISPUTES WITH THE SOUTH AFRICAN REVENUE SERVICE (“SARS”) Shareholders are referred to Remgro’s profit announcement for the six months ended 31 December 2012 wherein they were updated on the status of three material unresolved tax disputes with SARS. Two of these disputes (amounting to R1 158 million) involved potential secondary tax on companies arising from the buy-back and cancellation of treasury shares, while the third dispute (amounting to R755 million) related to the disposal of investments. Both of these amounts included interest up to 31 December 2012. The Board wishes to inform Remgro shareholders that all three disputes have now been resolved in the Company’s favour. The assessments giving rise to these disputes will accordingly be reversed. Remgro’s results for the year ending 30 June 2013 is due to be released on SENS on or about 18 September 2013. It should be noted that the resolution of the tax disputes referred to above will have no effect on Remgro’s reported headline earnings. Stellenbosch 28 June 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28/06/2013 10:00:00 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.