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 acquisition of a beneficial interest in securities

Shareholders are hereby notified that RAC has received formal notification in the prescribed form, that Peresec Prime Brokers Proprietary Limited ("Peresec"), has acquired an interest in the preference shares of RAC, such that the total interest in the preference shares of RAC held by Peresec now amounts to 8.96% of the total issued preference shares of RAC.

As required in terms of the Companies Act 71 of 2008, RAC will file the required notices with the Takeover Regulation Panel.

Shareholders are referred to a separate announcement made by Astoria Investments Ltd for further information in this regard.

Notification of share dealings by an associate of Directors

In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified that an associate of directors of the Company has acquired RAC preference shares. Details of the acquisitions are as follows:

Name of directors:

Pieter Gerhardt Viljoen (Executive Director)

Theunis de Bruyn (Non - Executive Director)

Johannes Cornelis van Niekerk (Executive Director)

Name of associate:

Calibre Investment Holdings (Pty) Ltd ("CIH")

Relationship to associate:

Messrs. Viljoen, de Bruyn and van Niekerk are

beneficial shareholders of CIH. Mr. de Bruyn is also a

director of CIH.

Date of transaction:

30 October 2020

Price of securities:

850 cents per share

Number and class of securities purchased: 900 000 preference shares

Total value of securities:

R7 650 000.00

Nature and extent of interest:

Indirect beneficial

Nature of transaction:

On-market acquisition

Clearance to deal:

Obtained

Cape Town

2 November 2020

Sponsor:

Questco Corporate Advisory (Pty) Ltd

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RECM and Calibre Limited published this content on 02 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2020 05:59:02 UTC