Dealings in securities by directors 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”) DEALINGS IN SECURITIES BY DIRECTORS In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following dealings in securities by a director of the company and a director of a major subsidiary of the company. 1. Election of RMI scrip distribution alternative Director : JA Teeger Company : RMI Date of transaction : 9 April 2018 Nature of transaction : Off-market receipt of scrip distribution shares Class of securities : RMI ordinary shares Number of securities : 373 Deemed price per scrip distribution share : 4 250 cents Total value of transaction : R15 852.50 Nature of interest : Direct beneficial Clearance obtained : Yes Director : JA Teeger Company : RMI Date of transaction : 9 April 2018 Nature of transaction : Off-market receipt of scrip distribution shares Class of securities : RMI ordinary shares Number of securities : 485 Deemed price per scrip distribution share : 4 250 cents Total value of transaction : R20 612.50 Nature of interest : Indirect beneficial Clearance obtained : Yes 2. Acquisition of RMI ordinary shares by a director of a major subsidiary Director : GL Marx Company : OUTsurance Holdings Limited Date of transaction : 9 April 2018 Nature of transaction : On-market acquisition of shares Class of securities : RMI ordinary shares Number of securities : 1 500 Volume weighted average acquisition price : 3 985 cents Highest price : 3 994 Lowest price : 3 975 Total value of transaction : R59 770 Nature of interest : Direct beneficial Clearance obtained : Yes Sandton 11 April 2018 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 11/04/2018 02:32:00 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.