Dealings in securities by directors 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” or “the company”) DEALINGS IN SECURITIES BY DIRECTORS In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following dealings in securities by directors of the company in terms of the company’s scrip distribution, the results of which were announced on 9 October 2017: Director : GT Ferreira Company : RMI Date of transaction : 9 October 2017 Nature of transaction : Off-market receipt of scrip distribution shares Class of securities : Ordinary shares Number of securities : 2 557 Deemed price per scrip distribution share : 3 800 cents Total value of transaction : R97 166 Nature of interest : Direct beneficial Clearance obtained : Yes Director : GT Ferreira Company : RMI Date of transaction : 9 October 2017 Nature of transaction : Off-market receipt of scrip distribution shares Class of securities : Ordinary shares Number of securities : 1 771 Deemed price per scrip distribution share : 3 800 cents Total value of transaction : R67 298 Nature of interest : Held by an associate Clearance obtained : Yes Director : PM Goss Company : RMI Date of transaction : 9 October 2017 Nature of transaction : Off-market receipt of scrip distribution shares Class of securities : Ordinary shares Number of securities : 198 077 Deemed price per scrip distribution share : 3 800 cents Total value of transaction : R7 526 926 Nature of interest : Indirect beneficial Clearance obtained : Yes Director : KC Shubane Company : RMI Date of transaction : 9 October 2017 Nature of transaction : Off-market receipt of scrip distribution shares Class of securities : Ordinary shares Number of securities : 427 Deemed price per scrip distribution share : 3 800 cents Total value of transaction : R16 226 Nature of interest : Direct beneficial Clearance obtained : Yes Director : KC Shubane Company : RMI Date of transaction : 9 October 2017 Nature of transaction : Off-market receipt of scrip distribution shares Class of securities : Ordinary shares Number of securities : 163 Deemed price per scrip distribution share : 3 800 cents Total value of transaction : R6 194 Nature of interest : Indirect beneficial Clearance obtained : Yes Sandton 11 October 2017 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 11/10/2017 04:09:00 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.