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Notification of a Disposal of a Beneficial Interest in Securities

RECM and Calibre Limited
(Incorporated in the Republic of South Africa)
Registration number 2009/012403/06
Preference Share Code: RACP
ISIN: ZAE000145041


In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 and paragraph
3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that RAC
has received formal notification in the prescribed form that clients of Allan Gray Proprietary
Limited (Allan Gray) have, in aggregate, disposed of an interest in the preference shares of
RAC, such that the total interest in the preference shares of RAC held by Allan Grays clients
now amounts to 3,8968% of the total issued preference shares of RAC.

Cape Town
3 December 2019

Questco Corporate Advisory (Pty) Ltd

Date: 03-12-2019 11:46:00
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