Prepared comments from RAC shareholders meeting RECM and Calibre Limited (Incorporated in the Republic of South Africa) Registration number 2009/012403/06 Preference Share Code: RACP ISIN: ZAE000145041 ("RAC" or "the Company") PREPARED COMMENTS FROM RAC SHAREHOLDERS MEETING At a directors meeting with participating preference shareholders, which was held directly after the Company’s Annual General Meeting on 26 July 2023, the following prepared comments were shared with attendees. In the interest of sharing the information equally with all shareholders, the statement is also published on SENS. This statement, together with a recording of the meeting will be made available on the RAC website at www.racltd.co.za. Goldrush Goldrush has seen trade recover somewhat during the first four months of the new financial year, as customers adjusted to slightly reduced occurrences of blackouts, while own power generation has been resolved. Both the Bingo and LPM divisions have generated revenue in line with the same period last year and costs are controlled accordingly. The Retail Sports Betting and Online divisions have both experienced stronger trading results, leading to the overall group trading being slightly ahead of the same period last year – both on turnover and profit levels. Cape Town 26 July 2023 Sponsor Questco Corporate Advisory Proprietary Limited Date: 26-07-2023 11:17:00 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.