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. 1. Acquisition of RMI ordinary shares by a director Director : HL Bosman Company : RMI Date of transaction : 23 October 2018 Nature of transaction : On-market acquisition of shares Class of securities : RMI ordinary shares Number of securities : 75 000 Volume weighted average acquisition price : 3 448.20 cents Highest price : 3 450 cents Lowest price : 3 435 cents Total value of transaction : R2 586 150 Nature of interest : Indirect beneficial Clearance obtained : Yes 2. Election of RMI scrip distribution alternative by a director Director : JA Teeger Company : RMI Date of transaction : 22 October 2018 Nature of transaction : Off-market receipt of scrip distribution shares Class of securities : RMI ordinary shares Number of securities : 702 Deemed price per scrip distribution share : 3 800 cents Total value of transaction : R26 676 Nature of interest : Direct beneficial Clearance obtained : Yes Director : JA Teeger Company : RMI Date of transaction : 22 October 2018 Nature of transaction : Off-market receipt of scrip distribution shares Class of securities : RMI ordinary shares Number of securities : 912 Deemed price per scrip distribution share : 3 800 cents Total value of transaction : R34 656 Nature of interest : Indirect beneficial Clearance obtained : Yes Sandton 24 October 2018 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 24/10/2018 03:48:00 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.