Changes to the board: ARC Investments announces appointment of independent non-executive director African Rainbow Capital Investments Limited (Incorporated in the Republic of Mauritius) (Registration number C148430) JSE share code: AIL ISIN: MU0553S00000 ("AIL" or "the Company" or "ARC Investments") CHANGES TO THE BOARD: ARC INVESTMENTS ANNOUNCES APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR Shareholders are advised that Mr Anil Currimjee has been appointed as independent non-executive director to AIL's board with effect from 11 March 2019. He will become the third Mauritian resident board member of the Company. Mr Currimjee has had executive experience in the Currimjee group of companies for a period that spanned 36 years and he still continues to lead the group as the Managing Director. The group is one of the largest diversified commercial business groups in Mauritius with broad investments in India. Established in 1890, the group focuses on a wide range of activities organised into sectors in telecommunications, real estate, hospitality, energy and financial services. In addition to his directorships within the Currimjee group of companies, Mr Currimjee further holds non-executive directorships in Building and Civil Engineering Co. Ltd and Sanlam Africa Core Real Estate Fund. He is currently the chairman of the Joint Business Council Mauritius and India since 2004, and furthermore was chairman of the Mauritius Chamber of Commerce in 2003. Between 2004 to 2016, Mr Currimjee was the Honorary Consul General of Japan in Mauritius. Mr Currimjee is a graduate from Williams College USA with a degree in BA Liberal Arts and further went on to complete his MBA with London Business School in 1988. Mr Currimjee expressed his thanks for the appointment and opportunity to serve on the board and looks forward to contributing to seeing the Company excel. Ebene, Mauritius (with simultaneous circulation in Johannesburg) 11 March 2019 For further information on African Rainbow Capital Investments, please visit our website at www.arci.mu, or JSE Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Tel: + +27 11 282 8231 Company Secretary Tel: +230 403 0800 Date: 11/03/2019 05:19:00 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.