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

Dealings in securities by directors of a related company

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

DEALINGS IN SECURITIES BY DIRECTORS OF A RELATED COMPANY

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


Name of director:                       Dr. Johan van Zyl
Office held:                            Chief Executive Officer (CEO) of Ubuntu-Botho
                                        Investments Proprietary Limited and Co-CEO of
                                        African Rainbow Capital Proprietary Limited
Name of related company:                Ubuntu-Botho Investments Proprietary Limited
                                        and African Rainbow Capital Proprietary
                                        Limited
Date of transaction:                    30 April 2021*
Nature of transaction:                  Off-market purchase of securities
Number of securities:                   67 272 736
Class of securities:                    ARC Investments ordinary shares
Purchase price per                      R2.75
share:
Total value of the transaction:         R185,000,000.00
Clearance obtained:                     Yes
Nature of interest:                     Indirect beneficial


Name of director:                       Mr Johan van der Merwe
Office held:                            Chief Executive Officer (CEO) of African
                                        Rainbow Capital Proprietary Limited
Name of related company:                African Rainbow Capital Proprietary
                                        Limited
Date of transaction:                    30 April 2021*
Nature of transaction:                  Off-market purchase of securities
Number of securities:                   67 272 736
Class of securities:                    ARC Investments ordinary shares
Purchase price per share:               R2.75
Total value of the transaction:         R185,000,000.00
Clearance obtained:                     Yes
Nature of interest:                     Indirect beneficial


*The shares were acquired from African Rainbow Capital Proprietary Limited in terms of an agreement
which was concluded in September 2020 the implementation of which was finalised on 30 April 2021.

Ebene, Mauritius (with simultaneous circulation in Johannesburg)
04 May 2021

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 04-05-2021 10:58:00
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