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 Monday, 22 February 2016 at 14h00 and are advised that in terms of paragraph 3.91 of the JSE Listings Requirements, 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 presentation of the audited annual financial statements Ordinary resolution 100 0 0 number 1: Reappointment of auditors Ordinary resolution 100 0 0 number 2: Re-election of retiring directors – Reappointment of MT Lategan Ordinary resolution 100 0 0 number 3: Re-election of retiring directors – Reappointment of T Siyolo Ordinary resolution 100 0 0 number 4: Election of members of the audit and risk committee – Reappointment of H Odendaal Ordinary resolution 100 0 0 number 5: Election of members of the audit and risk committee – Reappointment of MT Lategan Ordinary resolution 100 0 0 number 6: Election of members of the audit and risk committee – Reappointment of SJDT Potgieter Ordinary resolution 100 0 0 number 7: Unissued shares placed under control of the directors Ordinary resolution 100 0 0 number 8: General authority to issue shares for cash Ordinary resolution 100 0 0 number 9: Authorised directors and/or company secretary Ordinary resolution 100 0 0 number 10: Endorsement of Rare’s remuneration policy Special resolution 100 0 0 number 1: Remuneration of non- executive director Special resolution 100 0 0 number 2: Authority to repurchase shares by the company Special resolution 100 0 0 number 3: Authority to repurchase shares by a subsidiary of the company Special resolution 100 0 0 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 89.31% of total issued share capital, being 38 303 180 voted shares. By order of the Board Kliprivier 23 February 2016 Designated advisor: PSG Capital Proprietary Limited Date: 23/02/2016 08:30:00 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.