RARE HOLDINGS LIMITED - Acquisition of property and assets and withdrawal of cautionary

Acquisition of property and assets and withdrawal of cautionary

RARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2002/025247/06
Share Code: RAR    ISIN: ZAE000092714
("the Company" or "RARE")

ACQUISITION OF PROPERTY AND ASSETS AND WITHDRAWAL OF CAUTIONARY

   Shareholders are referred to the SENS announcement dated 1
   November 2013 (“the Transaction Cautionary Announcement”)
   which inter alia advised shareholders that the Rare Group
   Proprietary Limited, being a wholly owned subsidiary of RARE,
   has reached agreement in principle with the joint liquidators
   of Hollyberry Props 4 Proprietary Limited (“Hollyberry”),
   Gazelle Plastics Proprietary Limited (“Gazelle”) and First
   Strut (RF) Limited (“First Strut”), subject to the signing of
   definitive acquisition agreements (“Acquisition Agreements”),
   in relation to the acquisition of:

   - the property situated at 4 Meyer Road, Meyerton, being Erf
     1061,   Meyerton  Extension   3  (“the   Property”),  from
     Hollyberry ; and

   - the fixed assets situated on the Property and that were
     used by First Strut and Gazelle Plastics (in the
     businesses that were carried on under the name and style
     “FT-Piping   Manufacturing   Division”   and/or    “Gazelle
     Plastics”) for purposes of manufacturing High Density
     Polyethylene   (HDPE)   pipes,   from  First    Strut   and
     Gazelle(“Sale Assets”),

(the proposed acquisition of the Property and the Sale Assets
hereinafter referred to as “the Acquisitions”).

Further to the Transaction Cautionary Announcement, shareholders
are advised that the Acquisition Agreements have been duly
entered into by the respective parties on 4 November 2013 (on
the same terms as per the Transaction Cautionary Announcement)
and the Acquisitions are therefore now unconditional.

Accordingly, shareholders are advised that, in light of the
above, it is no longer required to exercise caution when dealing
in the Company’s securities and the cautionary is herewith
withdrawn.

Johannesburg
5 November 2013

Designated Advisor:   PSG Capital Proprietary Limited

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