Notification of share dealings by an associate of directors of the Company 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 an associate of directors of the Company In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified that an associate of directors of the Company has acquired RAC preference shares. Details of the acquisition are as follows: Name of directors: Pieter Gerhardt Viljoen (Executive Chairman) Theunis de Bruyn (Non – Executive Director) Johannes Cornelis van Niekerk (Financial Director) Name of associate: Calibre Investment Holdings (Pty) Ltd (“CIH”) Relationship to associate: Messrs Viljoen, de Bruyn and van Niekerk are beneficial shareholders of CIH. Mr de Bruyn is also a director of CIH. Date of transaction: 16 January 2018 Price of securities: 1 900 cents per share Number and class of securities purchased: 8 178 preference shares Total value of securities: R155 382.00 Nature and extent of interest: Indirect beneficial Nature of transaction: On-market purchase Clearance to deal: Obtained Cape Town 17 January 2018 Sponsor: Questco Corporate Advisory (Pty) Ltd Date: 17/01/2018 08:08:00 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.