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 Listing Requirements, shareholders are advised that Raubex has received formal notification on behalf of the Old Mutual Plc Group ("OMG") that OMG acquired a beneficial interest in the ordinary shares of the Company, such that the total beneficial interest in the ordinary shares of the Company held by OMG, on an aggregated holdings basis, is now 5,29% of the total issued ordinary shares of the Company.

Raubex hereby confirms that it has received the required notice from OMG 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

21 September 2016 Sponsor

Investec Bank Limited