Update on corporate actions RARE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration Number: 2002/025247/06 Share Code: RAR ISIN: ZAE000092714 ("the Company" or "RARE") UPDATE ON CORPORATE ACTIONS 1. Shareholders are referred to the announcements dated 12 July 2013 and 23 August 2013 (“Results of General Meeting Announcement”) regarding the Share Increase, the Consolidation and the adoption of the New Memorandum of Incorporation) (“the Special Resolutions”). 2. In the Results of General Meeting Announcement, shareholders were advised that all the Special Resolutions were successfully adopted and would be submitted to the Companies and Intellectual Property Commission (“CIPC”) for registration. 3. Shareholders were further advised that a detailed finalisation announcement (“Finalisation Announcement”) would be released subsequent to the registration of the Special Resolutions on or about 19 September 2013. 4. Shareholders are advised that the Special Resolutions were submitted to CIPC but that the registration thereof has not been finalised. 5. Accordingly, a detailed Finalisation Announcement containing, inter alia, an updated timetable will be released on SENS as soon as the Special Resolutions have been registered. Johannesburg 19 September 2013 Designated Advisor: PSG Capital Proprietary Limited Date: 19/09/2013 07:05:00 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.