ARC Investments announces appointment of non-independent non-executive director African Rainbow Capital Investments Limited (Incorporated in the Republic of Mauritius) (Registration number: C148430) JSE share code: AIL ISIN: MU0553S00000 (“ARC Investments” or “the Company”) ARC INVESTMENTS ANNOUNCES APPOINTMENT OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Shareholders are advised that Ms. Refiloe Nkadimeng (“Ms. Nkadimeng”) has been appointed as non-independent non-executive director to ARC Investments board with effect from 9 March 2020. Ms. Nkadimeng is currently Chief Financial Officer at Ubuntu-Botho Investments. She is an experienced executive with over 16 years of corporate management experience. She is a qualified chartered accountant with B Com degree and Higher Diploma in Accounting from the University of Witwatersrand. She has over 10 years of board experience spread across diverse industries including financial and property management services, mining services and supplies, tourism, automotive and engineering. Her current appointments include amongst others, Combined Motor Holdings Limited where she serves as board and audit committee member, and RH Bophelo where she serves as board and audit committee member. Ms. Nkadimeng expressed her thanks for the appointment and opportunity to serve on the board and looks forward to contributing to seeing the Company excel. Ebene, Mauritius (with simultaneous circulation in Johannesburg) 10 March 2020 For further information on African Rainbow Capital Investments, please visit our website at www.arci.mu, or contact JSE Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Tel: +27 11 282 8231 Company Secretary Intercontinental Trust Limited Tel: +230 403 0800 Date: 10-03-2020 11:31:00 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.