Change in function of directors Remgro Limited (Incorporated in the Republic of South Africa) (Registration number 1968/006415/06) ISIN: ZAE000026480 Share code: REM (“Remgro” or “Company”) CHANGE IN FUNCTION OF DIRECTORS In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the following information is disclosed: On 28 November 2019 the Remgro Board of directors appointed Mr Fred Robertson, a current Remgro independent non-executive director, as co-deputy chairman with Mr Josua Malherbe, who is the current deputy chairman. It was the Company’s previously stated intention (per the Stock Exchange News Service announcement dated 19 September 2019) to amend its Board Charter to provide for only one deputy chairman. On reflection, Remgro has determined that Mr Robertson will bring valuable insight, skills and experience to the deputy chairman role. The Board Charter will accordingly remain unchanged. Mr Phillip Jabulani Moleketi has been appointed as a member of the Remuneration and Nomination Committee with effect from 28 November 2019. Mr Gideon Gabriël Nieuwoudt has been appointed as a member of the Investment Committee with effect from 28 November 2019. Stellenbosch 28 November 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28-11-2019 03:07:00 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.