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Mon 4 Jan 2021, 16:46 AFRICAN RAINBOW CAPITAL INVESTMENTS LIMITED - Dealings in securities by a director of a related company
Dealings in securities by a director of a related company

African Rainbow Capital Investments Limited
(Incorporated in the Republic of Mauritius)
(Registration number C148430)
Share code: AIL
ISIN: MU0553S00000
("ARC Investments")

DEALINGS IN SECURITIES BY A DIRECTOR OF A RELATED COMPANY

In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following
dealings in ARC Investments securities by a director of a related company:

      Name of director:                               Thomas Andrew Boardman
      Office held:                                    Chairman of UBI General Partner Limited
                                                      Investment Committee
      Name of related company:                        UBI General Partner Proprietary Limited,
                                                      the general partner of the ARC Fund*

      Date of transaction:                            17 December 2020
      Nature of transaction:                          On-market purchase of securities
      Number of securities:                           260 000
      Class of securities:                            ARC Investments ordinary shares
      Volume weighted average purchase price:         3.81,08
      Highest purchase price:                         3.82
      Lowest purchase price:                          3.80
      Total value of the transaction:                 R990 808.00
      Clearance obtained:                             Yes
      Nature of interest:                             Direct beneficial


      Date of transaction:                            30 December 2020
      Nature of transaction:                          On-market purchase of securities
      Number of securities:                           319 227
      Class of securities:                            ARC Investments ordinary shares
      Purchase price:                                 4.00
      Total value of the transaction:                 R1,276,908.00
      Clearance obtained:                             Yes
      Nature of interest:                             Direct beneficial

*ARC Investments is a Limited Partner in the ARC Fund, an en-commandite partnership. Full details of
the structure were disclosed in the Pre-Listing Statement published on 28 August 2017.

Ebene, Mauritius (with simultaneous circulation in Johannesburg)
04 January 2021

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

Date: 04-01-2021 04:46:00
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