Rand Merchant Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2010/005770/06)

ISIN: ZAE000210688

JSE ordinary share code: RMI ("RMI" or "the Company")

DEALING IN SECURITIES BY THE COMPANY

RMI shareholders are referred to the announcement released on the Stock Exchange News Service on 16 March 2022 in respect the decision not to continue with an active investment strategy and to embark on an orderly and managed transition to a structure that represents an effective listing of OUTsurance. In line with this decision, RMI has unwound its hedge position relating to its long-term incentive plan for qualifying employees.

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Company

:

RMI

Date of transaction

:

25 March 2022

Nature of transaction

:

Off-market acquisition and sale

of RMI call options

Class and number of

:

Call options on 3 109 870 RMI

securities acquired

ordinary shares

Class and number of

:

Call options on 7 157 846 RMI

securities sold

ordinary shares

Delta reference

:

4 914.21 cents per ordinary

share

Strike price range of

:

5 600.00 cents to 8 000.00

securities acquired

cents per ordinary share

Strike price range of

:

0.01 cents to 4 600.00 cents

securities sold

per ordinary share

Premium received

:

R132 663 684.25

Expiry date range

:

4 April 2022 to 2 October 2026

Nature of interest

:

Direct beneficial

Clearance obtained

:

Yes

Rosebank

29 March 2022

Sponsor

RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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Disclaimer

RMI - Rand Merchant Investment Holdings Ltd published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 11:08:01 UTC.