Transactions by RACEC GROUP LTD (RAC) in the last 6 months

The shareholders of Racec Group Ltd (JSE:RAC) authorized a share repurchase program at its Annual General Meeting on March 5, 2013. Under the program, the company will repurchase up to 20% of the issued share capital. The shares will not be repurchased at a price greater than 10% above the weighted average price of the market value of the shares as determined over the five business days immediately preceding the date on which the repurchase is made. The repurchases will ... be in accordance with the Companies Act 61 of 1973. The repurchases will be conducted through an order book operated by JSE trading system without prior understanding between the company or the counter party. The repurchases will not be made during the prohibited period and the company will comply with the shareholders spread requirements as laid down on JSE. When the company has, cumulatively, repurchased 3% of the initial number of ordinary shares, and for each 3% in the aggregate of the initial number of such shares acquired thereafter, an announcement on SENS containing details of such repurchases should be made. At any point in time, the company may only appoint one agent to effect any repurchases on its behalf. The share buyback program shall expire at the conclusion of the next Annual General Meeting or 15 months from the date of this resolution.
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Douglas Edward Morris and Fontaine Vowles Bartleman, Directors of RACEC Group, acquired an additional 2.2% stake in RACEC Group Limited (JSE:RAC) for ZAR 2.5 million on February 11, 2013. Douglas Edward Morris acquired an additional 1.4 million and Fontaine Vowles Bartleman acquired an additional 2 million at ZAR 0.7348 per share. A clearance for the deal was obtained. Merchantec (Pty) Ltd. acted as a financial advisor to RACEC Group Limited.

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