REMIHL - Rights Issue INVESTEC BANK LIMITED REMIHL HED TREATMENT RELATING TO REMGRO LIMITED RIGHTS ISSUE JSE SHARE CODE: REMIHL JSE ISIN CODE: ZAE000221859 As a result of the Remgro Limited (“REM”) corporate action announcement made on Tuesday, 27th September 2016, whereby holders of REM ordinary shares were informed that they would receive 10 Rights Issue shares REMN (Remgro Limited NPL) for every 100 Ordinary shares in REM (Remgro Limited) held on the record date of the Rights Issue. These Rights Issue shares have a subscription price of R192.50. REMIHL holders shall have the full value of the rights (REMN) ceded in cash at expiry using the closing price of REMN on Tuesday the 18th of October 2016 , being the last day to trade in REMN. Accordingly, Investec Bank Ltd as Calculation Agent of the REMIHL Hot Enhanced Dividend Security (HOTEDs) shall distribute this intrinsic value of the REMN units, being R32.80 per Rights Issue share to the holders of REMIHL, in the ratio of 10 Rights Issue shares per 100 REM shares. To further clarify, the amount payable to REMIHL holders will therefore be R3.28 per REMIHL held and will be payable on Monday, 24th October 2016. There will be no withholding tax implications insofar as the aforesaid distribution. REMIHL holders are referred to the Rights Issue SENS Announcement made by Remgro Limited on Tuesday the 27 th of September for further details relating to the salient dates and timetable that have been set. 20 October 2016 Copies of the offering circular may be obtained from: Investec Bank Limited 100 Grayston Drive Sandown Sandton 2196 For further information contact: Investec Warrants Tel.: 0860 103 343 E-mail: warrants@investec.co.za Internet: www.investec.com Sponsor Investec Securities Limited Member of the JSE (Registration number. 1972/008905/06) Date: 20/10/2016 03:44:00 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.