Notification of share dealings by Associates of a Director 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 a director of the Company In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified that the Tuinstraat Trust (the “Seller”), an associate of Mr Johannes Gerhardus Swiegers (Independent Non-Executive Director of the Company), has disposed of RAC preference shares to an entity wholly-owned by the Seller, Vindemia Beleggings (Pty) Ltd (the “Buyer”). Details of the dealing are as follows: Name of associate Seller: Tuinstraat Trust Relationship to associate: Beneficiary and Trustee Name of associate Buyer: Vindemia Beleggings (Pty) Ltd Relationship to associate: Mr Swiegers is a director of the Buyer, which is wholly owned by the Seller. Date of agreement: 15 February 2018 Date of transfer of shares 21 February 2018 Price of securities: 2 050 cents per share Number and class of securities sold: 80 000 preference shares Total value of securities: R1 640 000 Nature and extent of interest: Indirect beneficial Nature of transaction: Off-market sale and acquisition between associates of a director Clearance to deal: Obtained Cape Town 22 February 2018 Sponsor: Questco Corporate Advisory (Pty) Ltd Date: 22/02/2018 11:11:00 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.