Further cautionary announcement re financial effects 1 RBA HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/009701/06) (JSE code: RBA ISIN: ZAE000104154) (“RBA” or “the company”) FURTHER CAUTIONARY ANNOUNCEMENT RE FINANCIAL EFFECTS OF ISSUE OF DEBENTURES AND SHARE OPTIONS Shareholders are referred to the announcement released on 26 June 2014 that the company had decided to raise R31.2 million to improve its liquidity position, to support growth, further reduce short term debt, improve skills levels in the company and implement an ERP system. The pro forma financial effects of the issue of the debentures and the share options have been calculated, are being reviewed and will be published in due course. A circular containing, inter alia, full details of the loan, debentures and share options has been prepared and submitted to the JSE Limited and will be posted to shareholders once it has been approved. The circular will contain a notice of general meeting of shareholders to vote on the debentures and share options. Shareholders are advised to continue to exercise caution when dealing in the company’s securities until the financial effects of the issue of the debentures and the share options have been announced. Johannesburg 5 August 2014 Designated and Corporate Adviser Exchange Sponsors Date: 05/08/2014 03:15:00 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.