Notification of share dealings by associates of directors 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 directors of the Company In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified that the Cora Foundation Trust, an associate of Mr Johannes Cornelis van Niekerk (Financial Director), has disposed of RAC preference shares to Calibre Capital (Pty) Ltd, an associate of Pieter Gerhardt Viljoen (Executive Chairman), Theunis de Bruyn (Executive Director) and Johannes Cornelis van Niekerk (Financial Director). Details are as follows: Name of Associate seller: The Cora Foundation Trust Relationship to Associate: Mr van Niekerk is one of five trustees of the Cora Foundation Trust, a charitable trust that was established by his family. Neither Mr van Niekerk nor any member of his family are beneficiaries of the Cora Foundation Trust Name of Associate buyer: Calibre Capital (Pty) Ltd Relationship to Associate: Messrs Viljoen, de Bruyn and van Niekerk are directors and beneficial shareholders. Date of transaction: 13 March 2017 Price of securities: 2 530 cents Number of securities: 6 000 Total value of securities: R151 800.00 Class of shares: Preference shares Interest (direct or indirect): Indirect beneficial On- or off-market transaction: Off-market Cape Town 14 March 2017 Sponsor: Questco (Pty) Ltd Date: 14/03/2017 05:38:00 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.