Dealing in securities by a director Rand Merchant Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2010/005770/06) ISIN: ZAE000210688 JSE ordinary share code: RMI (“RMI”) DEALING IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Transaction 1 Director : Paul Kenneth Harris Company : RMI Date of transaction : 19 December 2016 Nature of transaction : Off-market over the counter option trade Class of securities : Ordinary shares Number of options : 12 000 000 Option Style : European Option Type : Put Strike Price : 3 900 cents per share Total value of transaction : R468 000 000.00 Expiry date : 30 September 2020 Nature of interest : Indirect beneficial Clearance obtained : Yes Transaction 2 Director : Paul Kenneth Harris Company : RMI Date of transaction : 19 December 2016 Nature of transaction : Off-market over the counter option trade Class of securities : Ordinary shares Number of options : 8 400 000 Option Style : European Option Type : Call Strike Price : 5 460 cents per share Total value of transaction : R458 640 000.00 Expiry date : 30 September 2020 Nature of interest : Indirect beneficial Clearance obtained : Yes These transactions form part of the previously advised diversification of Mr Harris’s investment portfolio. The execution of these transactions were postponed until the embargo was lifted on the trading of RMI shares after the release of the SENS announcement announcing the acquisition by RMI of up to a 29.9% stake in UK based and listed short-term insurer, Hastings Group Holdings plc announced on 14 December 2016. Sandton 21 December 2016 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 21/12/2016 07:23:00 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.