Notification of share dealings by associates of directors of the Company RECM and Calibre Limited (Incorporated in the Republic of South Africa) Registration number 2009/012403/06 Preference Share Code: RACP ISIN: ZAE000145041 ("RAC" or “the Company”) Notification of share dealings by associates of directors of the Company In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified that associates of directors of the Company have acquired RAC participating preference shares. Details of the acquisitions are as follows: Name of director: Pieter Gerhardt Viljoen (Executive Director) Name of associate: Seneca Investment Company (Pty) Ltd (“SIC”) Relationship to associate: Mr. Viljoen is a beneficial shareholder of SIC Date of transaction: 6 March 2020 Price of securities: 1400.00 cents per share Number and class of securities purchased: 262 312 participating preference shares Total value of securities: R3 672 368.00 Nature and extent of interest: Indirect beneficial Nature of transaction: On-market acquisition Clearance to deal: Obtained Name of director: Theunis de Bruyn (Non-Executive Director) Name of associate: TATJ Investments (Pty) Ltd (“TATJ”) Relationship to associate: Mr. de Bruyn is a beneficial shareholder and director of TATJ Date of transaction: 6 March 2020 Price of securities: 1400.00 cents per share Number and class of securities purchased: 100 000 participating preference shares Total value of securities: R1 400 000.00 Nature and extent of interest: Indirect beneficial Nature of transaction: On-market acquisition Clearance to deal: Obtained Cape Town 10 March 2020 Sponsor Questco Corporate Advisory (Pty) Ltd Date: 10-03-2020 09:40:00 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.