Dealing in securities by the company 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") DEALING IN SECURITIES BY THE COMPANY RMI shareholders are referred to the announcement released on the Stock Exchange News Service on 16 March 2022 in respect the decision not to continue with an active investment strategy and to embark on an orderly and managed transition to a structure that represents an effective listing of OUTsurance. In line with this decision, RMI has unwound its hedge position relating to its long- term incentive plan for qualifying employees. In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Company : RMI Date of transaction : 25 March 2022 Nature of transaction : Off-market acquisition and sale of RMI call options Class and number of : Call options on 3 109 870 RMI securities acquired ordinary shares Class and number of : Call options on 7 157 846 RMI securities sold ordinary shares Delta reference : 4 914.21 cents per ordinary share Strike price range of : 5 600.00 cents to 8 000.00 securities acquired cents per ordinary share Strike price range of : 0.01 cents to 4 600.00 cents securities sold per ordinary share Premium received : R132 663 684.25 Expiry date range : 4 April 2022 to 2 October 2026 Nature of interest : Direct beneficial Clearance obtained : Yes Rosebank 29 March 2022 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 29-03-2022 12:45:00 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.