Changes to the board of directors RARE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration Number: 2002/025247/06 Share Code: RAR ISIN: ZAE000180626 ("the Company" or "RARE") CHANGES TO THE BOARD OF DIRECTORS In compliance with paragraph 3.59 (a) of the Listings Requirements of the JSE Limited, shareholders are hereby informed of the following changes to the Board of Directors of Rare ("the Board"): The appointment of Mr Ashin Tasdhary (“Ashin”) as Executive Director to Rare Holdings Ltd and Mr Tony Dean (“Tony”) as Managing Director of the Rare Plastics division of The Rare Group (Pty) Limited with effect from Thursday, 23 January 2014. Ashin started his working career with the Italtile Group in 1991, and left as an Area Manager in 2001. In 2004 he took up a position as Managing Director of APS GP, a division within the Amiantit Group of Companies. In late 2012, he started his career as National Sales Manager at The Rare Group. Ashin has also worked at DPI Plastics and Venture Plastics. Tony has 30 years of experience in the Plastic Pipe & Fittings Industry. He held the positions of Managing Director of Petzetakis Africa and Chief Executive Officer of Flo-Tek within the two companies with whom he was previously employed. He is also a founding member of SAPPMA (South African Plastic Pipe Manufacturing Association). Tony is a first-class leader and this is seen in his passion for management and personnel development, and organizational growth. The Board welcomes Ashin and Tony and look forward to their valuable contributions. Johannesburg 23 January 2014 Designated Advisor: PSG Capital Proprietary Limited Date: 23/01/2014 12:48:00 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.