Regulatory approval secured to acquire TymeDigital African Rainbow Capital Investments Limited (Incorporated in the Republic of Mauritius) (Registration number C148430) JSE share code: AIL ISIN: MU0553S00000 (“ARC Investments” or “the Company”) Regulatory approval secured to acquire TymeDigital Further to the announcement released on the Stock Exchange News Service of the JSE Limited on 8 August 2018, ARC Investments today announces that its controlling shareholder African Rainbow Capital (ARC) has obtained approval from the Prudential Authority of the South African Reserve Bank to acquire 90% of TymeDigital by Commonwealth Bank SA (“TymeDigital”). The acquisition is to be effected through ARC’s 50,1% held subsidiary, ARC Financial Holding Company (FinHoldCo), following which FinHoldCo will become the 100% owner of TymeDigital. The ARC Fund, an en commandite partnership in which ARC Investments is a limited partner, holds 49.9% of FinHoldCo. TymeDigital is a registered South African bank with a strong fintech focus. It was previously majority owned by the Commonwealth Bank of Australia (CBA), a leading banking group in its core markets of Australia and New Zealand. FinHoldCo previously held a 10% shareholding in TymeDigital. All necessary regulatory approvals for the acquisition have been obtained, including approval from the Competition Commission and the acquisition is therefore unconditional. TymeDigital will change its name to TymeBank when it officially launches to the South African public. Ebène, Mauritius (with simultaneous circulation in Johannesburg) 2 November 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) For further information on African Rainbow Capital Investments, please visit our website at www.arci.mu Date: 02/11/2018 08:00:00 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.