Changes to directorate RMB HOLDINGS LIMITED Incorporated in the Republic of South Africa) Registration number: 1987/005115/06 ISIN: ZAE000024501 Share code: RMH ("RMH") CHANGES TO DIRECTORATE In compliance with the JSE Limited Listings Requirements, RMH shareholders are advised of the following changes to the RMH Board of Directors, effective 7 July 2020. RESIGNATION OF NON-EXECUTIVE DIRECTORS Following the completion of the unbundling by RMH of its shareholding in FirstRand Limited, the following non-executive directors have decided to step down from the RMH board: Mr Jannie Durand(Chairman) Mr Johan Burger Mr Laurie Dippenaar Mr Paul Harris Mr Ralph Mupita Mr David Frankel (alternate) Mr Francois Knoetze (alternate) CHANGE IN STATUS OF DIRECTORS Ms Sonja De Bruyn has been appointed as interim Chairman of the board until the annual general meeting in December 2020 with Mr Murphy Morobe remaining as lead independent director. Mr Udo Lucht, currently an alternate director to Ms Albertinah Kekana, will replace Mr Obakeng Phetwe as director and Mr Phetwe will become the alternate director to Ms Kekana. Subsequent to these changes the board will consist of: Mr Herman Bosman Mr Peter Cooper Ms Sonja De Bruyn (Chairman) Ms Albertinah Kekana Mr Udo Lucht Ms Mamongae Mahlare Mr Murphy Morobe (Lead independent) Mr James Teeger Mr Obakeng Phetwe(alternate) No other changes to board subcommittees are currently envisaged. FUTURE CHANGES Further to this announcement, Mr Peter Cooper confirmed that he would not be available for re-election at the upcoming annual general meeting in December 2020. IN CLOSING RMH would like to thank all these directors for the valuable contributions made whilst serving on the board of RMH. A special word of gratitude is extended to two of the founders of RMH, Mr Laurie Dippenaar and Mr Paul Harris who have served on the board for 32 years. These changes will not impact on the constitution of the board of RMH’s sister company, Rand Merchant Investment Holdings Limited. Sandton 7 July 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07-07-2020 12:03:00 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.