RAND MERCHANT INVESTMENT HOLDINGS LIMITED - Dealing in securities by the Company

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

In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:

Company                     : RMI
Date of transaction         : 19 March 2021
Nature of transaction       : Off-market acquisition of RMI
                              call options
Class and number of         : Call options on 1 001 021 RMI
securities acquired           ordinary shares
Spot reference              : 3 057.38 cents per RMI ordinary
                              share
Premium per option          : 3 051.884 cents per RMI
                              ordinary share
Premium paid                : R30 550 000
Strike price                : 0.01 cents per RMI ordinary
                              share
Expiry date                 : 4 October 2021
Expiry reference price      : Arithmetic average of the
                              closing price for 5 days up to
                              and including the expiry date
Nature of interest          : Direct beneficial
Clearance obtained          : Yes

These call options were acquired to hedge the forfeitable shares
issued to participants to the RMI share incentive scheme.

Rosebank
24 March 2021

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

Date: 24-03-2021 03:30:00
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