Trading Statement and adoption of Net Asset Value per share as Trading Statement measure RH BOPHELO LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2016/533398/06) (JSE & RSE Share Code: RHB, ISIN: ZAE000244737) (“RH Bophelo” or “the Company”) Trading Statement and adoption of Net Asset Value per share as Trading Statement measure The Company is in the process of finalising its interim results for the period ended 31 August 2020, which are scheduled to be released on or about 30 October 2020. Shareholders are advised that the Company expects to report earnings per share (“EPS”) and headline earnings per share (“HEPS”) of R1,37 to R1,42 , being an increase of 125% to 133% compared to prior period of R0,61 per share. The EPS and HEPS are calculated using 57 404 589 (31 August 2019: 50 938 356) of weighted average number of shares in issue during the period ended 31 August 2020. The Company’s net asset value per share increased by 15% to 20% from current period R12,50 to R13,00 compared to prior period R10,86. The net asset value per share is based on total issued shares of 58 875 000 (31 August 2019: 53 750 000). RH Bophelo has undertaken to adopt net asset value (“NAV”) per share as a trading statement measure to align with Section 15 investment entities as per section 3.4.(b)(vi) of the JSE Listings Requirements. The adaptation will ensure ease of use for comparable benchmarking purposes. Previously the company used EPS and HEPS as trading measures. The financial information on which this trading statement has not been reviewed nor reported on by the Company’s external auditors. Johannesburg 27 October 2020 JSE Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited RSE Sponsor: Faida Securities Rwanda Date: 27-10-2020 04:34:00 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.