Changes to the board and management of the company 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”) CHANGES TO THE BOARD OF DIRECTORS AND MANAGEMENT OF THE COMPANY In compliance with section 3.59 of the Listings Requirements of the JSE Limited shareholders are informed that: 1. Matt Long has resigned as a director of RBA. Matt will ensure an orderly handover of his duties over the next three months. The business rescue practitioner and the board of directors would like to thank Matt sincerely for his contribution to the Company and the RBA Group and wishes him success in his future endeavours. 2. Des Hughes, who has been acting CEO since March 2016, will be handing over to Riaan Roos who has been appointed as the CEO and director of RBA with effect from today. Riaan is a seasoned property developer with more than 24 years’ experience in the industry and he was one of the founding members of RBA Developments in 1994. 3. Riaan Roos is the owner of MSP Developments (Pty) Ltd (“MSP”) and MSP has been appointed as the manager of RBA, under the auspices of the business rescue practitioner, Trevor Glaum. 4. As noted in the SENS announcement of 19 September 2016 Pieter Lessingh is currently the acting CFO of RBA. The board and business rescue practitioner are pleased to announce that Pieter has been appointed as the CFO effective 19 October 2016. 3 October 2016 Braamfontein Designated Adviser Exchange Sponsors Date: 03/10/2016 02:44:00 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.