AFRICAN RAINBOW CAPITAL INVESTMENTS LIMITED - Dealing in securities by directors of a related company

Dealing in securities by directors of a related company

African Rainbow Capital Investments Limited
(Incorporated in the Republic of Mauritius)
(Registration number C148430)
JSE and A2X Share code: AIL
ISIN: MU0553S00000
("ARC Investments")

DEALING IN SECURITIES BY DIRECTORS OF A RELATED COMPANY

In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following
dealing in ARC Investments securities by directors of a related company:


       Name of director:                               Dr. Johan van Zyl
       Office held:                                    Director of the related company
       Name of related company:                        UBI General Partner Proprietary Limited, the
                                                       general partner of the ARC Fund*
       Date of transaction:                            14 December 2023
       Nature of transaction:                          Off-market transfer of securities from African
                                                       Rainbow Capital (Pty) to JVZ Investments (Pty)
                                                       Ltd
       Number of securities:                           25 000 000
       Class of securities:                            ARC Investments ordinary shares
       Transfer price per security:                    ZAR5.00
       Total value of the transaction:                 ZAR125,000,000.00
       Clearance obtained:                             Yes
       Nature of interest:                             Indirect beneficial



       Name of director:                               Mr. Johan van der Merwe
       Office held:                                    Director of the related company
       Name of related company:                        UBI General Partner Proprietary Limited, the
                                                       general partner of the ARC Fund*
       Date of transaction:                            14 December 2023
       Nature of transaction:                          Off-market transfer of securities from African
                                                       Rainbow Capital (Pty) to Yen Investments 111
                                                       (Pty) Ltd
       Number of securities:                           25 000 000
       Class of securities:                            ARC Investments ordinary shares
       Transfer price per security:                    ZAR5.00
       Total value of the transaction:                 ZAR125,000,000.00
       Clearance obtained:                             Yes
       Nature of interest:                             Indirect beneficial


*ARC Investments is a Limited Partner in the ARC Fund, an en-commandite partnership. Full details of
the structure were disclosed in the Pre-Listing Statement published on 28 August 2017.

Ebene, Mauritius (with simultaneous circulation in Johannesburg)
18 December 2023
Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited

Date: 18-12-2023 02:30:00
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