RAH
RAH                                                                             
RAH - Real Africa Holdings Limited - Update on the compulsory acquisition and   
delisting of RAH                                                                
REAL AFRICA HOLDINGS LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1994/003919/06)                                           
(Share code: RAH)                                                               
(ISIN: ZAE000008702)                                                            
("RAH" or "the Company")                                                        
UPDATE ON THE COMPULSORY ACQUISITION AND DELISTING OF RAH                       
RAH shareholders are advised that, as set out in the circular dated 20 January  
2012 ("circular"), those RAH shareholders who had not yet accepted the offer by 
Sun International (South Africa) Limited ("the offeror") to acquire all of their
RAH shares ("remaining RAH shareholders") had until close of business on Friday,
9 March 2012 to make an application to the High Court of South Africa ("the     
Court"), in terms of Section 124(2) of the Companies Act 71 of 2008 ("the       
Companies Act").                                                                
Remaining RAH shareholders collectively holding 3,039,197 ordinary shares in the
share capital of RAH (0.84% of the total RAH shares in issue excluding treasury 
shares) ("dissenting shareholders") have brought an action in Court in terms of 
Section 124(2)(b) of the Companies Act. Sun International Limited intends       
defending the action. The shares held by the dissenting shareholders will       
therefore not form part of the compulsory acquisition until such time as the    
application by the dissenting shareholders has been disposed of.                
The compulsory acquisition of the remaining RAH shareholders, other than the    
dissenting shareholders, will take place on Tuesday, 13 March 2012. The listing 
of RAH shares on the JSE Limited will be terminated with effect from the        
commencement of trade on Wednesday, 14 March 2012.                              
Johannesburg                                                                    
12 March 2012                                                                   
Sponsor to RAH                  Attorneys to RAH                                
Investec Bank Limited           Bowman Gilfillan                                
Date: 12/03/2012 15:46:01 Produced by the JSE SENS Department.                  
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