AFRICAN RAINBOW CAPITAL INVESTMENTS LIMITED - Dealing in securities by an associate of a director

Dealing in securities by an associate of a director

African Rainbow Capital Investments Limited
Incorporated in the Republic of Mauritius
Company number: C148430
ISIN: MU0553S00000
Share code: AIL
("ARC Investments")

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

The following information relating to dealings in securities of ARC Investments is disclosed:

Director                                               :     Johan van Zyl
Associate                                              :     JCVISION 501 (Pty) Ltd
Company                                                :     UBI General Partner Proprietary Limited, the
                                                             general partner of the ARC Fund*
Date of transaction                                    :     16 April 2019
Nature of transaction*                                 :     On-market purchase of securities by an
                                                             associate
Number of securities                                   :     1 700 000
Class of securities                                    :     ARC Investments ordinary shares
Purchase price                                         :     530.00 cents per share
Total value of transaction                             :     R9 010 000.00
Nature of interest                                     :     Dealing by an associate


*ARC Investments is a Limited Partner in the ARC Fund, an en-commandite partnership. Full
details of the structure were disclosed in the Pre-Listing Statement published on 28 August 2017.

Ebene, Mauritius (with simultaneous circulation in Johannesburg)
17 April 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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