RECM AND CALIBRE LIMITED - Resignation of Independent Non-executive Directors

Resignation of Independent Non-executive Directors

RECM and Calibre Limited
(Incorporated in the Republic of South Africa)
Registration number 2009/012403/06
Preference Share Code: RACP
ISIN: ZAE000145041
("RAC" or "the Company")


RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTORS


In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, preference
shareholders are advised that the Company has received notice of resignation from
Mr Gerrit Pretorius and Mr Vernon Davis, both effective from 20 October 2014. Arrangements
are being made to fill the vacancies arising from such resignations and a further announcement
in this regard will be published in due course.

The board of directors of RAC wishes to thank both gentlemen for their service and contribution
to the Company and wishes them all the best in their future endeavours.


Cape Town
25 September 2014


Sponsor to RAC
Questco (Pty) Ltd

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