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Thu 12 Jul 2012, 13:04 RBA Holdings Ltd - OPERATIONAL UPDATE
RBA
OPERATIONAL UPDATE

RBA Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1999/009701/06)
(JSE code: RBA ISIN: ZAE000104154)
(RBA or the group)
                                 
OPERATIONAL UPDATE

The group wishes to update shareholders on the key operating indicators tabled below as at 30
June 2012:

SNAP SHOT OF WORK IN PROGRESS AT THE                  As at       As at       As at   
PARTICULAR POINT IN TIME                          30-Jun-12   30-Jun-11   31-Dec-11   
Deals approved by banks awaiting registration           360         431         379   
Individual houses under construction (excluding         175         215         191   
houses ready for occupation)                                                          
Equivalent houses under construction                     93         131         161   

As at 30 June 2012, RBA has a pipeline of 360 bond applications approved that are awaiting
registration.

DATA ILLUSTRATIVE OF THE GROUPS        6 months    6 months   12 months   
PERFORMANCE DURING THE RELEVANT TIME      ending      ending      ending   
PERIOD                                 30-Jun-12   30-Jun-11   31-Dec-11   
Deals registered                             257         215         590   
Equivalent houses completed *                325         268         613   

* "Equivalent houses completed" takes into account houses under construction at the beginning
of the period, registrations during the period and houses under construction at the end of the
period. It represents the number of equivalent houses actually completed during the period.

The key indicator of improvement in the groups performance year on year is demonstrated by
the data reflecting the Equivalent houses completed during the period ended 30 June 2012
which amounts to 325 houses as opposed to 268 houses for the period ending 30 June 2011.

Based on prevailing market conditions, RBA anticipates registering 800 freehold units and
completing 148 sectional title rental units for the 12 months ending 31 December 2012.

In line with prior years, the second six months of 2012 will show a significant improvement in the
groups financial performance when compared to the first six months of the year.

12 July 2012

Johannesburg

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