REMGRO LIMITED - Renewal of cautionary announcement

Renewal of cautionary announcement

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
Share code: REM
(“Remgro” or “the Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the announcement released on the Stock Exchange News
Service on 19 November 2019 relating, inter alia, to the proposed distribution by RMB
Holdings Limited ("RMH") of its FirstRand Limited (“FirstRand”) shares to RMH shareholders
(“RMH Distribution”) and the corresponding proposed distribution by Remgro, in full or in
part, of Remgro’s exposure to RMH and FirstRand, to Remgro shareholders (“Remgro
Distribution”).

Shareholders are advised that the optimal mechanism and steps required to give effect to
each of the RMH Distribution and the Remgro Distribution remain under evaluation and
consideration by the boards of directors of RMH and Remgro.

Accordingly, Remgro shareholders are advised to continue to exercise caution when dealing
in the Company’s securities, until a detailed announcement is made.

Sandton
7 January 2020

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

Date: 07-01-2020 07:31:00
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