Results 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") RESULTS OF ANNUAL GENERAL MEETING (“the AGM”) Shareholders are referred to the AGM which was held at 22 Old Vereeniging Road, Kliprivier, Midvaal, on Tuesday, 24 February 2015 at 14h00 and are advised that all ordinary and special resolutions proposed in the Notice of Annual General Meeting were passed, by the requisite number of shareholders present and represented by proxy and being entitled to vote at the AGM. The resolutions proposed, and the details of results are set out below: Votes Shares abstained Votes for against as a percentage resolution resolution (%) of shares in (%) * (%) * issue To consider the 100 0 0.007 presentation of the audited annual financial statements Ordinary resolution 100 0 0.007 number 1: Reappointment of auditors Ordinary resolution 100 0 0.007 number 2: Re-election of retiring directors – Reappointment of H Odendaal Ordinary resolution 100 0 0.007 number 3: Re-election of retiring directors – Reappointment of SJDT Potgieter Ordinary resolution 100 0 0.007 number 4: Election of members of the audit and risk committee – Reappointment of H Odendaal Ordinary resolution 100 0 0.007 number 5: Election of members of the audit and risk committee – Reappointment of MT Lategan Ordinary resolution 100 0 0.007 number 6: Election of members of the audit and risk committee – Reappointment of SJDT Potgieter Ordinary resolution 100 0 0.007 number 7: Unissued shares placed under control of the directors Ordinary resolution 100 0 0.007 number 8: General authority to issue shares for cash Ordinary resolution 100 0 0.007 number 9: Authorised directors and/or company secretary Special resolution 100 0 0.007 number 1: Remuneration of non- executive director Special resolution 100 0 0.007 number 2: Authority to repurchase shares by the company Special resolution 100 0 0.007 number 3: Authority to repurchase shares by a subsidiary of the company Special resolution 100 0 0.007 number 4: Financial assistance to subsidiaries and other inter-related entities Note * - In relation to the total number of shares voted at the AGM Total shares voted in person or by proxy amounted to 93.4% of total issued share capital, being 40 054 242 shares. By order of the Board Kliprivier 25 February 2015 Designated advisor: PSG Capital Proprietary Limited Date: 25/02/2015 04:55:00 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.