Acquisition of properties for development purposes RBA HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1999/009701/06) (Share Code: RBA ISIN Code: ZAE000199642) (“RBA” or “the company”) ACQUISITION OF PROPERTIES FOR DEVELOPMENT PURPOSES 1. Introduction and rationale for the acquisition Shareholders are referred to the SENS announcement of 3 February 2014 relating to the purchase of the remaining extent of portion 3 of the farm Sterkloop number 688 (14,8193 Hectares) and portion 66 of the farm Sterkloop number 688 (21,7374 Hectares) (the “Properties”) for purposes of developing affordable housing (the “Acquisition”). A new deed of sale has been signed between Plot 66 Sterkloop (Pty) Limited (“Seller”) and a wholly owned subsidiary of RBA, Groundbase Professional Land Development Services (Pty) Ltd (the “Purchaser”). 2. Description of the Properties The Properties are adjacent to RBA’s current developments in Southern Gateway, Polokwane, where approximately 362 units have already been sold to date. The Properties will add substantial further opportunities over and above the remaining 100 stands in the existing phases of this development. 3. Terms and conditions of the acquisition The aggregate purchase price of the Properties amounts to R22,000,000 (twenty two million Rand) and the agreement is subject to the Purchaser providing a guarantee within 21 business days after signing the agreement and the Properties transferring within 60 business days after guarantees have been issued. 4. Value of assets The value of the net assets that are the subject of the acquisition is R22 million. No profits are currently attributable to the net assets that are the subject of the acquisition. 5. Categorisation of the acquisition The acquisition is categorised, in terms of the JSE Listings Requirements, as a Category 2 transaction and does not require shareholders’ approval. Johannesburg 6 October 2015 Designated Adviser Exchange Sponsors Date: 06/10/2015 04:33:00 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.