RECM and Calibre : Notification of share dealings by an associate of directors of the Company

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 share dealings by an associate of directors of the Company

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 acquisition are as follows:

Name of directors:Name of associate: Relationship to associate:Date of transaction: Price of securities:

Number and class of securities purchased: Total value of securities:

Nature and extent of interest: Nature of transaction: Clearance to deal:

Cape Town

17 January 2018

Sponsor:

Questco Corporate Advisory (Pty) Ltd

Pieter Gerhardt Viljoen (Executive Chairman) Theunis de Bruyn (Non - Executive Director) Johannes Cornelis van Niekerk (Financial Director)

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

Messrs Viljoen, de Bruyn and van Niekerk are beneficial shareholders of CIH. Mr de Bruyn is also a director of CIH.

16 January 2018

1 900 cents per share

8 178 preference shares R155 382.00

Indirect beneficial On-market purchase Obtained