Renewal of cautionary announcement RMB Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1987/005115/06) ISIN: ZAE000024501 Share Code: RMH (“RMH” or “the Company”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcements released on the Stock Exchange News Service (“SENS”) on 19 November 2019 and on 7 January 2020 in which they were advised that, following a review of the Company’s investment portfolio, the board of directors of RMH (“Board”) had resolved to restructure the Company’s portfolio of assets and liabilities (“Restructuring”). In terms of the Restructuring, it is proposed that RMH will distribute its shareholding in FirstRand Limited (“FirstRand”) to RMH shareholders (“FirstRand Distribution”). Per separate announcements released on SENS on 19 November 2019 and 7 January 2020, Remgro Limited (“Remgro”) has also announced its intention to distribute, in full or in part, its exposure to both RMH and FirstRand, to Remgro shareholders (“Remgro Distribution”). In addition, RMH is assessing the best manner to give effect to an orderly realisation of RMH’s property assets (“Property Process”). Shareholders are advised that the Board continues to assess the optimal mechanism and steps required to give effect to the FirstRand Distribution and the Property Process and to cooperate with the board of directors of Remgro to ensure that both the Restructuring and the Remgro Distribution are implemented in a coordinated and effective manner. Accordingly, RMH shareholders are advised to continue to exercise caution when dealing in the Company’s securities, until a detailed announcement is made. Sandton 18 February 2020 Financial Adviser and Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18-02-2020 07:05:00 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.