Announcement regarding the extension of the date for the condition precedent to be fulfilled or waived REMGRO LIMITED (Incorporated in the Republic of South Africa) (Registration number 1968/006415/06) ISIN: ZAE000026480 Share code: REM ("Remgro") ANNOUNCEMENT REGARDING THE EXTENSION OF THE DATE FOR THE CONDITION PRECEDENT TO BE FULFILLED OR WAIVED Remgro Shareholders are referred to the detailed terms announcement released on the Stock Exchange News Service ("SENS") on 14 April 2020 regarding the unbundling of the 397,447,747 shares in RMB Holdings Limited ("RMH") (the "Unbundled RMH Shares") to Remgro Shareholders in the ratio of 0.69939 Unbundled RMH Shares for every 1 share held in Remgro (the “Remgro Unbundling”). Remgro Shareholders are advised that the condition precedent requiring the Ontario Securities Commission to grant an exemption from the prospectus requirements of section 53 of the Securities Act (Ontario) in connection with the Remgro Unbundling remains outstanding. The implementation of the Remgro Unbundling remains subject to the fulfilment, or waiver, as the case may be, of the condition precedent by an extended date of no later than Tuesday, 26 May 2020. Remgro remains confident that the condition precedent will be fulfilled imminently with the anticipated delay not expected to impact the implementation timeline as set out in the detailed terms announcement. On fulfilment or waiver of the condition, a finalisation announcement along with the implementation timeline will be communicated to Remgro Shareholders via SENS. Stellenbosch 30 April 2020 Financial adviser and Sponsor Rand Merchant Bank (a division of FirstRand Bank Limited) Legal adviser DLA Piper Advisory Services Proprietary Limited Date: 30-04-2020 04:00:00 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.