Dealings in securities by a director of a major subsidiary and update on Hastings transaction Rand Merchant Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2010/005770/06) ISIN: ZAE000210688 JSE ordinary share code: RMI ("RMI" or "the company") DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY AND UPDATE ON HASTINGS TRANSACTION 1. Dealings in securities by a director of a major subsidiary In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following dealings in securities by a director of a major subsidiary of the company. Director : MC Visser Company : OUTsurance Holdings Limited Date of transaction : 12 November 2020 Nature of transaction : On-market sale of shares Class of securities : RMI ordinary shares Number of securities : 10 000 Volume weighted average sale price : 3 261.5 cents Highest price : 3 265 cents Lowest price : 3 260 cents Total value of transaction : R326 149 Nature of interest : Direct beneficial Clearance obtained : Yes Director : MC Visser Company : OUTsurance Holdings Limited Date of transaction : 13 November 2020 Nature of transaction : On-market sale of shares Class of securities : RMI ordinary shares Number of securities : 200 000 Volume weighted average sale price : 3 270.7 cents Highest price : 3 280 cents Lowest price : 3 260 cents Total value of transaction : R6 541 476 Nature of interest : Direct beneficial Clearance obtained : Yes Director : MC Visser Company : OUTsurance Holdings Limited Date of transaction : 16 November 2020 Nature of transaction : On-market sale of shares Class of securities : RMI ordinary shares Number of securities : 400 000 Volume weighted average sale price : 3 274.3 cents Highest price : 3 290 cents Lowest price : 3 262 cents Total value of transaction : R13 097 000 Nature of interest : Direct beneficial Clearance obtained : Yes 2. Update on Hastings transaction RMI shareholders are referred to the announcement released by RMI on the Stock Exchange News Service on 5 August 2020 regarding the offer by RMI and Sampo plc to acquire 100% of Hastings Group Holdings plc (Hastings) through Dorset BidCo Limited (BidCo). The court-sanctioned scheme of arrangement has become effective on 16 November 2020 and the Hastings shares have been delisted from the London Stock Exchange effective from 17 November 2020. Upon finalisation of all payments and administration, RMI will own 30% of BidCo through Main Street 1353 Proprietary Limited, an entity jointly owned by RMI and OUTsurance Holdings Limited. Sandton 18 November 2020 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 18-11-2020 02:38:00 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.