Notification of share dealings by associates of directors of the Company 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”) Notification of share dealings by associates of directors of the Company In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified that associates of directors of the Company have acquired RAC preference shares. Details of the acquisitions are as follows: Dealings by an associate of Pieter Gerhardt Viljoen (Executive Chairman); Theunis de Bruyn (Executive Director) and Johannes Cornelis van Niekerk (Financial Director) Name of Associate: Calibre Capital (Pty) Ltd Relationship to Associate: Messrs Viljoen, de Bruyn and van Niekerk are the only shareholders. Messrs Viljoen and de Bruyn are directors Date of transaction: 23 January 2015 Price of securities: 1 250 cents Number of securities: 800 000 Total value of securities: R 10 000 000.00 Class of shares: Preference shares Nature of transaction: Acquisition Interest (direct or indirect): Indirect beneficial On- or off-market transaction: On-market Clearance to deal obtained: Yes Dealings by an associate of Trent Rossini (Independent, Non-Executive Director) Name of Associate: TNT Trust Relationship to Associate: Beneficiary Date of transaction: 23 January 2015 Price of securities: 1 250 cents Number of securities: 100 000 Total value of securities: R1 250 000.00 Class of shares: Preference shares Nature of transaction: Acquisition Interest (direct or indirect): Indirect non-beneficial On- or off-market transaction: On-market Clearance to deal obtained: Yes Dealings by an associate of Johannes Gerhardus Swiegers (Independent, Non-Executive Director) Name of Associate: Tuinstraat Trust Relationship to Associate: Beneficiary and trustee Date of transaction: 23 January 2015 Price of securities: 1 250 cents Number of securities: 80 000 Total value of securities: R1 000 000.00 Class of shares: Preference shares Nature of transaction: Acquisition Interest (direct or indirect): Indirect beneficial On- or off-market transaction: On-market Clearance to deal provided: Yes Cape Town 26 January 2015 Sponsor to RECM and Calibre Limited Questco (Pty) Ltd Date: 26/01/2015 04:50:00 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.