Dealings in securities by director of the company African Rainbow Capital Investments Limited (Incorporated in the Republic of Mauritius) (Registration number C148430) Share code: AIL ISIN: MU0553S00000 ("ARC Investments" or “the Company”) DEALINGS IN SECURITIES BY DIRECTOR OF THE COMPANY In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following dealings in ARC Investments securities by a director of the Company: Name of director: Refiloe Nkadimeng Office held: Director Company: ARC Investments Date of transaction: 23 March 2020 Nature of transaction: On-market purchase of securities Number of securities: 1565 Class of securities: ARC Investments ordinary shares Purchase price: 260.00 cents Total value of the transaction: R4 069.00 Nature of interest: Direct beneficial Clearance obtained: Yes Date of transaction: 24 March 2020 Nature of transaction: On-market purchase of securities Number of securities: 5488 Class of securities: ARC Investments ordinary shares Purchase price: 240.00 cents Total value of the transaction: R13 171.20 Nature of interest: Direct beneficial Clearance obtained: Yes Ebene, Mauritius (with simultaneous circulation in Johannesburg) 27 March 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 27-03-2020 09:47:00 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.