Share dealings by associates 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”) Notification of share dealings by associates of a director of the Company In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified that associates of a director of the Company has acquired RAC preference shares. Details of the dealings are as follows: Name of director: PG Viljoen Type of director: Executive director Name of associate: Nicholas Viljoen Relationship to associate: Immediate family to PG Viljoen Dealing number 1: Date of transaction: 28 November 2016 High price 2 660 cents Low price 2 550 cents Volume weighted average price 2 580 cents Number of securities: 46 719 Total value of securities: R1 205 151.00 Class of shares: Preference shares Nature of transaction: On-market acquisition Interest (direct or indirect): Indirect Dealing number 2: Date of transaction: 29 November 2016 Price 2 600 cents Number of securities: 134 534 Total value of securities: R3 497 884.00 Class of shares: Preference shares Nature of transaction: On-market acquisition Interest (direct or indirect): Indirect An associate of PG Viljoen, the Nicholas Viljoen Investment Company, has agreed to subscribe for RAC preference shares in terms of the book build announced on 23 November 2016, which shares are expected to be issued and listed on Monday, 5 December 2016. Details of the dealing are as follows: Date of transaction: 28 November 2016 Price of securities: R26.50 Number of securities: 200 000 Total value of securities: R5 300 000.00 Class of shares: Preference shares Nature of transaction: Acquisition by way of subscription Interest (direct or indirect): Indirect beneficial On- or off-market transaction: Off-market Cape Town 29 November 2016 Sponsor: Questco (Pty) Ltd Date: 29/11/2016 05:42:00 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.