REMGRO LIMITED - Finalisation announcement regarding the distribution of RMH shares to Remgro shareholders

Finalisation announcement regarding the distribution of RMH shares to Remgro shareholders

REMGRO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
Share code: REM
("Remgro")

FINALISATION ANNOUNCEMENT REGARDING THE DISTRIBUTION OF RMB HOLDINGS LIMITED ("RMH") ORDINARY
SHARES ("RMH SHARES") TO HOLDERS OF REMGRO NO PAR VALUE ORDINARY SHARES AND REMGRO UNLISTED NO PAR
VALUE B ORDINARY SHARES ("REMGRO SHAREHOLDERS")

Remgro Shareholders are referred to the detailed terms announcement released by Remgro on SENS on 14 April 2020
regarding the unbundling of the 397,447,747 shares in RMH (the "Unbundled RMH Shares") to Remgro Shareholders in the
ratio of 0.69939 Unbundled RMH Shares for every 1 share held in Remgro (the "Remgro Unbundling").

Remgro Shareholders are advised that the condition precedent to the implementation of the Remgro Unbundling has been
met and that implementation will occur in accordance with the timeline below:

Salient dates and times
                                                                                                              2020

      Finalisation announcement released on SENS                                              Tuesday, 26 May 2020

      Last day to trade in Remgro shares on the JSE to participate in the Remgro              Tuesday, 2 June 2020
      Unbundling

      Remgro shares trade "ex" entitlement to receive the Unbundled RMH Shares              Wednesday, 3 June 2020

      Announcement of specified ratio in respect of apportionment of costs/base              Thursday, 4 June 2020
      costs of Remgro for taxation/CGT purposes released on SENS

      Announcement of cash proceeds released on SENS                                         Thursday, 4 June 2020

      Record date to receive Unbundled RMH Shares in terms of the Remgro                       Friday, 5 June 2020
      Unbundling

      Remgro unbundles the Unbundled RMH Shares to Remgro Shareholders                         Monday, 8 June 2020

      Remgro Shareholder’s account with CSDP or broker updated                                 Monday, 8 June 2020


Notes:
1.   All times shown in this announcement are South African times unless otherwise stated.


Stellenbosch
26 May 2020

Financial adviser and Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Legal adviser
DLA Piper Advisory Services Proprietary Limited

Date: 26-05-2020 10:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.