RAND MERCHANT INVESTMENT HOLDINGS LIMITED - Dealing in securities by a director

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)

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