Atterbury Property Fund Proprietary Limited, I Faan Proprietary Limited and I Dirk Proprietary Limited agreed to acquire an additional 71.65% stake in RMB Holdings Limited (JSE:RMH) for approximately ZAR 460 million on February 9, 2026. A cash consideration of ZAR 458.24 million valued at ZAR 0.47 per share will be paid by Atterbury Property Fund Proprietary Limited, I Faan Proprietary Limited and I Dirk Proprietary Limited. As part of consideration, ZAR 458.24 million is paid towards common equity of RMB Holdings Limited. As of February 25, 2026, the consortium acquired 63,400,000 RMH Shares and on February 27, 2026, the consortium acquired 1,819,142 RMH Shares in on/off market transactions, resulting in an aggregate holding of approximately 39.90% of the RMH Shares in issue.

The transaction is subject to subject to antitrust regulations and approval by regulatory board / committee. The expected completion of the transaction is April 24, 2026.

Alchemy Law Africa acted as legal advisor for I Dirk Proprietary Limited, I Faan Proprietary Limited and Atterbury Property Fund Proprietary Limited. Pallidus acted as financial advisor for I Dirk Proprietary Limited, I Faan Proprietary Limited and Atterbury Property Fund Proprietary Limited. Webber Wentzel acted as legal advisor for RMB Holdings Limited. Investec Bank Limited acted as financial advisor for RMB Holdings Limited.