Report on proceedings at the annual general meeting and change of registered office RAND MERCHANT INVESTMENT HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2010/005770/06) ISIN: ZAE000210688 JSE ordinary share code: RMI ("RMI" or "the company") REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING AND CHANGE OF REGISTERED OFFICE 1. Report on proceedings at the annual general meeting At the tenth annual general meeting ("AGM" or “meeting”) of the shareholders of RMI held on Thursday, 3 December 2020, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, RMI confirms the voting statistics from the AGM as follows: Shares voted Shares abstained Votes cast disclosed as a disclosed as a disclosed as a percentage in relation to the Number of percentage in percentage in Resolutions total number of shares voted at shares voted relation to the relation to the the meeting total issued share total issued share For Against capital* capital* Ordinary resolutions Ordinary resolutions number 1.1 to 1.7: Re-election of directors 1.1 Johan Petrus Burger 90.55% 9.45% 1 282 378 188 83.72% 0.02% 1.2 Lauritz Lanser Dippenaar 95.87% 4.13% 1 270 514 833 82.94% 0.79% 1.3 Paul Kenneth Harris 95.87% 4.13% 1 270 514 833 82.94% 0.79% 1.4 Albertinah Kekana 92.44% 7.56% 1 282 376 508 83.72% 0.02% 1.5 Matsotso Mamongae Mahlare 97.24% 2.76% 1 282 374 508 83.72% 0.02% 1.6 Obakeng Phetwe 96.28% 3.72% 1 282 374 508 83.72% 0.02% 1.7 James Andrew Teeger 96.88% 3.12% 1 282 376 508 83.72% 0.02% Advisory endorsement of remuneration policy 80.50% 19.50% 1 282 097 937 83.70% 0.04% Advisory endorsement of remuneration implementation report 80.10% 19.90% 1 282 352 254 83.71% 0.02% Ordinary resolution number 2: Place 5% of the authorised ordinary shares under the control of the directors 94.70% 5.30% 1 282 376 508 83.72% 0.02% Ordinary resolution number 3: General authority to issue ordinary shares for cash 75.94% 24.06% 1 282 377 436 83.72% 0.02% Ordinary resolution number 4: Approval of re-appointment of auditor 95.63% 4.37% 1 270 513 153 82.94% 0.79% Ordinary resolutions number 5.1 to 5.4: Appointment of the company’s audit and risk committee members 5.1 Johan Petrus Burger 98.24% 1.76% 1 282 376 508 83.72% 0.02% 5.2 Sonja Emilia Ncumisa de Bruyn 97.07% 2.93% 1 282 376 508 83.72% 0.02% 5.3 Per-Erik Lagerstrom 99.99% 0.01% 1 282 376 508 83.72% 0.02% 5.4 James Andrew Teeger 98.49% 1.51% 1 282 376 508 83.72% 0.02% Ordinary resolution number 6: Signing authority 100.00% 0.00% 1 282 376 154 83.72% 0.02% Special resolutions Special resolution number 1: Approval of non-executive directors’ remuneration with effect from 1 December 2020 99.38% 0.62% 1 282 359 154 83.72% 0.02% Special resolution number 2: General authority to repurchase company shares 99.61% 0.39% 1 282 365 397 83.72% 0.02% Special resolution number 3: Issue of shares, convertible securities and/or options to persons listed in section 41(1) of the Companies Act for the purposes of their participation in a reinvestment option 97.81% 2.19% 1 282 377 436 83.72% 0.02% Special resolution number 4: Financial assistance to directors, prescribed officers and employee share scheme beneficiaries 92.24% 7.76% 1 282 375 117 83.72% 0.02% Special resolution number 5: Financial assistance to related and inter-related entities 99.60% 0.40% 1 282 377 436 83.72% 0.02% *Total issued share capital is 1 531 807 770 ordinary shares. The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Reference was made at the AGM that a presentation on RMI’s strategic design would be made available on RMI’s website. The presentation is available on https://www.rmih.co.za/investor-relations?section=financial-statements 2. Change of registered office RMI shareholders are advised that the company’s registered office has changed to 12th Floor, The Bank, corner of Cradock and Tyrwhitt avenues, Rosebank, Johannesburg, 2196. The new postal address is Private Bag X1000, Saxonworld, 2132 and the switchboard number is +27 10 753 2430. Sandton 4 December 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 04-12-2020 01:57:00 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.