Dealing in shares by a director and an associate of a director RECM and Calibre Limited (Incorporated in the Republic of South Africa) Registration number 2009/012403/06 Preference Share Code: RACP ISIN: ZAE000145041 ("RAC" or “the Company”) DEALING IN SHARES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified that a director and an associate of a director of the Company have acquired RAC preference shares, as follows: Name of director: PG Viljoen Type of director: Executive director Number of securities: 16 000 Total value of securities: R399 854 High price: 2 500 cents Low price: 2 490 cents Volume weighted average price: 2 499 cents Date of transaction: 23 November 2016 Class of shares: Preference shares Nature of transaction: On-market acquisition Interest: Direct beneficial Clearance to deal: Obtained Name of director: T Rossini Type of director: Non-executive director Name of Associate: TNT Trust Relationship: Trustee and beneficiary Number of securities: 150 000 Total value of securities: R3 750 457 High price: 2 515 cents Low price: 2 499 cents Volume weighted average price: 2 500 cents Date of transaction: 24 November 2016 Class of shares: Preference shares Nature of transaction: On-market acquisition Interest: Indirect beneficial Clearance to deal: Obtained Cape Town 25 November 2016 Sponsor Questco (Pty) Ltd Date: 25/11/2016 12:12:00 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.