Raubex : Notification in terms of section 122(3) of the companies act and section 3.83(b) of the JSE listings requirements

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

Share Code: RBX

ISIN Code: ZAE000093183

("Raubex" or "the Company")

In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), and section 3.83(b) of the JSE Listings Requirements, shareholders are advised that Raubex has received formal notification that Somerset Capital Management LLP and its affiliates ("Somerset Capital Management LLP"), in the capacity of an asset manager with discretion to make investment decisions on behalf of several beneficial owners, acquired an interest in securities of the Company ("the securities"), such that the total interest in the securities held by Somerset Capital Management LLP is now 5.19% of the total issued securities.

Raubex hereby confirms that it has received the required notice from Somerset Capital Management LLP in terms of Section 122(1) of the Act. As required in terms of section 122(3)(a) of the Act, Raubex has filed the required notice with the Takeover Regulation Panel.

Johannesburg 05 August 2016 Sponsor

Investec Bank Limited