Update of business rescue process of the companies in business rescue in the RBA group and changes to the board RBA HOLDINGS LIMITED (IN BUSINESS RESCUE) (Incorporated in the Republic of South Africa) (Registration number: 1999/009701/06) (Share Code: RBA ISIN Code: ZAE000199642) (“RBA” or “the Company”) UPDATE ON BUSINESS RESCUE PROCESS OF THE COMPANIES IN BUSINESS RESCUE IN THE RBA GROUP AND CHANGES TO THE BOARD Shareholders are referred to the announcement of 14 December 2016 as well as the previous announcements in this regard. Trevor Glaum, the Business Rescue Practitioner (“BRP”), would like to inform shareholders that he will apply to the High Court of South Africa (Western Cape Division, Cape Town) on Wednesday, 1 February 2017 at 14:00, or as soon thereafter as counsel may be heard, for the following order against RBA Developments (JHB) Proprietary Limited (In business rescue) and against RBA Building Projects Proprietary Limited (In business rescue) (“the Respondents”): 1. that the matter be heard urgently; 2. discontinuing the Respondents’ business rescue proceedings and converting the business rescue proceedings into liquidation proceedings; 3. that the Respondents be placed in final liquidation; 4. directing the Master of the Court to appoint provisional liquidators on an urgent basis; 5. that the costs of the application be costs in the winding-up of the Respondents; and 6. for further and/or alternative relief. The following directors of RBA have resigned with immediate effect: Riaan Roos, Evita Nyandoro and Martin Nienaber. Riaan has also resigned as director of all subsidiaries of RBA. The BRP has nothing further to report on the future of RBA at this stage. 31 January 2017 Braamfontein Designated Adviser Exchange Sponsors Date: 31/01/2017 09:32:00 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.