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.