Sharenet Sites 
Sharenet Sites
Cautionary announcement
REMGRO LIMITED
(Incorporated in the Republic of South
Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
Share code: REM
(“Remgro”)
CAUTIONARY ANNOUNCEMENT
Shareholders’ attention is drawn to the cautionary announcement published today by RMB
Holdings Limited ("RMH"), which relates to the proposed restructuring of RMH’s portfolio of
assets and liabilities, including a distribution of its FirstRand Limited (“FirstRand”) shares to
RMH shareholders (the “RMH Distribution”).
In parallel with this, the board of Remgro has resolved, in principle, to pursue the distribution
to shareholders, in full or in part, of Remgro’s exposure to RMH and FirstRand (the “Remgro
Distribution”).
The mechanism and steps required to effect such distributions are the subject of further
evaluation and consideration by the board of Remgro. The boards of RMH and Remgro have
further agreed to work together to determine the most practical and effective way to
implement the Remgro Distribution and the RMH Distribution.
The RMH Distribution and the Remgro Distribution will be subject to customary conditions
precedent, including receipt of the requisite regulatory and shareholder approvals. A detailed
announcement is expected to be made before the end of the first quarter of 2020.
Accordingly, Remgro shareholders are advised to exercise caution when dealing in Remgro's
securities until a detailed announcement is made.
Sandton
19 November 2019
Financial Adviser and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/11/2019 05:44:00
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.
