Reviewed Condensed Provisional Results For The Year Ended 29 February 2020 RH BOPHELO LIMITED Incorporated in the Republic of South Africa (Registration number: 2016/533398/06) JSE & RSE Share Code: RHB, ISIN: ZAE000244737 (“RHB” or “the Company”) SHORT-FORM ANNOUNCEMENT OF THE CONDENSED REVIEWED YEAR END FINANCIAL RESULTS FOR THE YEAR ENDED 29 FEBRUARY 2020 The Board of Directors ("the Board") of the Company is pleased to present the provisional reviewed results for the year ended 29 February 2020. FINANCIAL OVERVIEW The key financial indicators reflected in these financial results are: • Net asset value increased by 22% year on year, from a balance of R530 million to R647 million; • Investment income increased by 156% year on year, from R41 million to R105 million; • Total income before tax increased by 221% year on year, from R28 million to R90 million; • Total income after tax increased by 233% year on year, from R21 million to R70 million; • Basic earnings per share and headline earnings per share increased by 212% year on year; • Net asset value per share increased by 12%, current year R11,56 compared to prior year R10,34; • The Company and its investments remain liquid and solvent, with sufficient resources to continue operating into the foreseeable future; and • No dividends were declared in the current year period and prior year, as the company is still expanding its capital base, and taking advantage of opportunities in the healthcare and financial services sector. Restated* Feb-20 Feb-19 R R Total investment income 105 386 661 41 087 136 Other income 1 984 110 230 475 Total expenses (16 912 042) (13 174 556) Total income before tax 90 458 729 28 143 055 Income tax (20 469 771) (6 982 166) Total income after tax 69 988 958 21 160 889 Earnings per share (cents) Basic headline and earnings per share (cents) 131 42 WANOS 53 592 090 50 938 356 Note: There are no dilutive instruments in issue Net Asset Value 646 608 844 530 119 886 Cash and cash equivalents 120 069 140 373 548 658 Number of shares in issue 55 934 179 51 250 000 Net Asset Value per share (R) 11,56 10,34 Tangible Net Asset Value per share (R) 11,56 10,34 *Prior year amounts have been restated due to a reclassification of certain amounts in the statement of profit or loss and other comprehensive and in the statement of financial position. SHORT-FORM NOTICE This short-form announcement is the responsibility of the Directors of the Company. It is a summary of the full announcement released on SENS and published on the company’s website (https://www.rhbophelo.co.za/investment/sens-announcements) on 31 July 2020, and does not contain full or complete details. This announcement is itself not independently reviewed but extracted from independently reviewed results, on which Deloitte & Touche has issued an unmodified review conclusion, which is available on the Company’s website. Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement available on the Company’s website and SENS, the full announcement can be accessed using the following links: . company website (https://www.rhbophelo.co.za/investment/investors). . JSE Link: https://senspdf.jse.co.za/documents/2020/jse/isse/RHBE/Year2020.pdf The full announcement can be requested from the company secretary via an email (ragni@corporate- vision.co.za). On behalf of the Board Quinton Zunga CEO Dion Mhlaba CFO Johannesburg 31 July 2020 Registered Office Transfer Secretaries 3rd floor, 18 Melrose Boulevard Computershare Investor Services Proprietary Limited Melrose Arch, Melrose North Johannesburg, 2076 South Africa Directors Sponsor Q Zunga (Chief executive officer) Deloitte & Touche Sponsor Services Proprietary KD Mhlaba (Chief financial officer) Limited VP Nomvalo (Executive director) C Clarke (Executive director) Dr. SG Motuba (Lead independent non-executive Director) Dr. KR Ntshwana (Independent non-executive Director) JR Oliphant (Non-executive chairman) Dr. PD Sekete (Non-executive Director) D Lerutla (Independent non-executive Director) B Segooa (Independent non-executive Director) R Nkadimeng (Independent non-executive Director) Company Secretary Corporate Vision Consulting Proprietary Limited Auditors Deloitte & Touche Date: 31-07-2020 05:46:00 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.