Raubex : Dealings in securities by directors and executives

[Growthpoint logo] Raubex Group Limited

(Incorporated in the Republic of South Africa) Registration number 2006/023666/06

Share Code: RBX ISIN Code: ZAE000093183

("Raubex" or the "Group")

DEALINGS IN SECURITIES BY DIRECTORS AND EXECUTIVES

In compliance with par 3.63 to 3.65 of the JSE Limited Listings Requirements, the following information relating to the dealing in securities by directors and executives is disclosed in relation to the exercise of options and the sale of ordinary shares acquired under the Raubex Group Limited Deferred Stock Scheme.

Executive director : R J Fourie

Name of Company : Raubex Group Limited

Transaction date : 24 May 2016 Number of share options : 102 278 Deemed price : R 18.11 Deemed transaction value : R 1 852 254.58

Nature of transaction : Exercise of share options at a strike price of R 0.01

under the Raubex Group Deferred Stock Scheme (off market)

Vesting period : Three years of service from grant date 1 March 2013 Nature of interest : Direct, beneficial

Clearance obtained : Yes

Executive director : R J Fourie

Name of Company : Raubex Group Limited

Transaction date : 24 May 2016 Number of share options : 41 934

Price per share : R 18.11 Deemed transaction value : R 759 424.74

Nature of transaction : Sale of Shares (on-market) Nature of interest : Direct, beneficial

Clearance obtained : Yes

Executive director : J F Gibson

Name of Company : Raubex Group Limited

Transaction date : 24 May 2016 Number of share options : 79 033 Deemed price : R 18.11 Deemed transaction value : R 1 431 287.63

Nature of transaction : Exercise of share options at a strike price of R 0.01

under the Raubex Group Deferred Stock Scheme (off market)

Vesting period : Three years of service from grant date 1 March 2013 Nature of interest : Direct, beneficial

Clearance obtained : Yes

Company Secretary : H E Ernst

Name of Company : Raubex Group Limited

Transaction date : 24 May 2016 Number of share options : 11 623 Deemed price : R 18.11 Deemed transaction value : R 210 492.53

Nature of transaction : Exercise of share options at a strike price of R 0.01

under the Raubex Group Deferred Stock Scheme (off market).

Company Secretary : H E Ernst

Name of Company : Raubex Group Limited

Transaction date : 24 May 2016

Number of shares : 11 623

Price per share : R 18.11

Transaction value : R 210 492.53

Nature of transaction : Sale of Shares (on market) Nature of interest : Direct, beneficial

Clearance obtained : Yes

Executive committee member : L J Raubenheimer Name of Company : Raubex Group Limited

Transaction date : 24 May 2016 Number of share options : 79 033 Deemed price : R 18.11 Deemed transaction value : R 1 431 287.63

Nature of transaction : Exercise of share option at a strike price of R 0.01

under the Raubex Group Deferred Stock Scheme (off market).

Vesting period : Three years of service from grant date 1 March 2013 Nature of interest : Direct, beneficial

Clearance obtained : Yes

Executive committee member : L J Raubenheimer Name of Company : Raubex Group Limited

Transaction date : 24 May 2016

Number of shares : 79 033

Price per share : R 18.11

Transaction value : R 1 431 287.63

Nature of transaction : Sale of shares (on market) Nature of interest : Direct, beneficial

Clearance obtained : Yes

Executive committee member : T G Wiese

Name of Company : Raubex Group Limited

Transaction date : 24 May 2016 Number of share options : 79 033 Deemed price : R 18.11 Deemed transaction value : R 1 431 287.63

Nature of transaction : Exercise of share option at a strike price of R 0.01

under the Raubex Group Deferred Stock Scheme (off market)

Vesting period : Three years of service from grant date 1 March 2013 Nature of interest : Direct, beneficial

Clearance obtained : Yes

Executive committee member : R L Shedlock

Name of Company : Raubex Group Limited

Transaction date : 24 May 2016 Number of share options : 55 788 Deemed price : R 18.11 Deemed transaction value : R 1 010 320.68

Nature of transaction : Exercise of share option at a strike price of R 0.01

under the Raubex Group Deferred Stock Scheme (off market).

Executive committee member : R L Shedlock

Name of Company : Raubex Group Limited

Transaction date : 24 May 2016

Number of shares : 55 788

Price per share : R 18.11

Transaction value : R 1 010 320.68

Nature of transaction : Sale of shares (on-market) Nature of interest : Direct, beneficial

Clearance obtained : Yes

Executive committee member : J A Louw

Name of Company : Raubex Group Limited

Transaction date : 24 May 2016 Number of share options : 34 868 Deemed price : R 18.11 Deemed transaction value : R 631 459.48

Nature of transaction : Exercise of share option at a strike price of R 0.01

under the Raubex Group Deferred Stock Scheme (off market).

Vesting period : Three years of service from grant date 1 March 2013 Nature of interest : Direct, beneficial

Clearance obtained : Yes

Executive committee member : J A Louw

Name of Company : Raubex Group Limited

Transaction date : 24 May 2016

Number of shares : 54 519

Price per share : R 18.11

Transaction value : R 987 339.09

Nature of transaction : Sale of shares (on market) Nature of interest : Direct, beneficial

Clearance obtained : Yes

Sponsor

Investec Bank Limited 25 May 2016

Johannesburg