Notification of share dealings by an associate of a director 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 a director of the Company In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified that an associate of a director of the Company has acquired RAC participating preference shares. Details of the dealings are as follows: Name of Director: Mr PG Viljoen Type of Director: Executive director Name of Associate: Seneca Investment Company (Pty) Ltd Relationship to Associate and extent Mr Viljoen holds an indirect beneficial interest in of interest: Seneca Investment Company (Pty) Ltd Nature of the transaction: On-market acquisitions Clearance to deal given in terms of Yes paragraph 3.66: Trade 1: Date of transaction: 27 November 2018 High price per share: R17.20 Low price per share: R17.00 Volume weighted average price per R17.16596 share: Number of securities: 5 875 Total value of securities: R100 850 Trade 2: Date of transaction: 29 November 2018 High price per share: R17.20 Low price per share: R17.19 Volume weighted average price per R17.1912 share: Number of securities: 10 000 Total value of securities: R171 912 Cape Town 30 November 2018 Sponsor: Questco Corporate Advisory (Pty) Ltd Date: 30/11/2018 12:46:00 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.