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2015

RCS GROUP CONSOLIDATED FINANCIAL STATEMENTS

07

Report on Other Legal and Regulatory

Requirements

In terms of the IRBA Rule published in Government Gazette

Number 39475 dated 4 December 2015, we report that KPMG

Inc. has been the auditor of RCS Investment Holdings Limited

for 16 years. We are independent of the group in accordance

with the Independent Regulatory Board for Auditors Code

of Professional Conduct for Registered Auditors and other

independence requirements applicable to performing audits of

financial statements in South Africa.

KPMG Inc.

Per: Patrick Farrand

Chartered Accountant (SA)

Registered Auditor

Director

22 April 2016

Independent Auditor’s Report

(continued)