AFRICAN RAINBOW CAPITAL INVESTMENTS LIMITED - Dealings in securities by a director of a related company

Dealings in securities by a director of a related company

African Rainbow Capital Investments Limited
(Incorporated in the Republic of Mauritius)
(Registration number C148430)
Share code: AIL
ISIN: MU0553S00000
("ARC Investments" or “the company”)

DEALINGS IN SECURITIES BY A DIRECTOR OF A RELATED COMPANY

In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following
dealings in ARC Investments securities by a director of a related company:


Name of director:                                  Thomas Andrew Boardman
Office held:                                       Chairman of UBI General Partner
                                                   Proprietary Limited Investment
                                                   Committee
Name of related company:                           UBI General Partner Proprietary
                                                   Limited, the general partner of the
                                                   ARC Fund*
Name of associate:                                 Navigumus Investments (Pty) Ltd
Relationship to associate:                         Director of associate
Date of transaction:                               25 March 2021
Nature of transaction:                             On-market purchase of securities
Number of securities:                              40,773
Class of securities:                               ARC Investments ordinary shares
Volume weighted average purchase price:            415,12c per share
Highest purchase price:                            420c
Lowest purchase price:                             413c
Total value of the transaction:                    R169 256.05
Clearance obtained:                                Yes
Nature of interest:                                Indirect beneficial

*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)
26 March 2021

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

Date: 26-03-2021 02:17:00
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