Court orders granted for commencement of business rescue proceedings and withdrawal of cautionary announcement RBA HOLDINGS LIMITED (IN BUSINESS RESCUE) (Incorporated in the Republic of South Africa) (Registration number: 1999/009701/06) (Share Code: RBA ISIN Code: ZAE000199642) (“RBA” or “the Company”) COURT ORDERS GRANTED FOR COMMENCEMENT OF BUSINESS RESCUE PROCEEDINGS AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders and interested parties are referred to the announcements released on SENS on 9 and 18 February 2016. The High Court of South Africa, Gauteng Local Division, Johannesburg, today granted orders placing the Company and its subsidiary, RBA Developments (JHB) Proprietary Limited, under supervision and commencing business rescue proceedings in terms of section 131(1) of the Companies Act, 2008. Mr Trevor Glaum was appointed as the interim business rescue practitioner of both companies. In terms of section 140(1)(a) of the Companies Act, 2008, he will now have full management control of both companies. Shareholders are advised that the Company’s shares remain suspended on the JSE and caution is no longer required to be exercised when dealing in the company’s securities. The business rescue practitioner will issue monthly progress reports as required by the JSE. 23 February 2016 Braamfontein Designated Adviser Exchange Sponsors Date: 23/02/2016 01:06:00 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.