No Change Statement and Notice of Annual General Meeting RARE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration Number: 2002/025247/06 Share Code: RAR ISIN: ZAE000180626 ("Rare" or "the Company") NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING NO CHANGE STATEMENT Shareholders are hereby advised that Rare’s annual report, containing the audited group financial statements for the year ended 30 June 2014, was dispatched to shareholders today, 24 December 2014, and contains no modifications to the audited provisional results which were announced on SENS on 19 September 2014. The annual report is also available at www.rare.co.za. NOTICE OF ANNUAL GENERAL MEETING OF RARE Notice is hereby given that the annual general meeting of Rare will be held at, 22 Old Vereeniging Road, Kliprivier, Midvaal, on Tuesday, 24 February 2015 at 14h00 to transact the business as set out in the notice of the annual general meeting on pages 69 to 75 of the annual report. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting is Friday, 13 February 2015, with the last day to trade being Friday, 6 February 2015. By order of the Board Kliprivier 24 December 2014 Designated advisor: PSG Capital Proprietary Limited Date: 24/12/2014 10:55:00 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.