Update Announcement in Respect of the Special Dividend ZEDER INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2006/019240/06) Share code: ZED ISIN: ZAE000088431 LEI: 37890022AF5FD117D649 ("the Company" or "Zeder") UPDATE ANNOUNCEMENT IN RESPECT OF THE SPECIAL DIVIDEND Shareholders of Zeder ("Shareholders") are referred to the special dividend declaration announcement released by the Company on the Stock Exchange News Service of the JSE ("SENS") on 17 October 2023 ("Declaration Announcement"), advising shareholders that the Zeder board has approved and declared a non-recurring gross special dividend of 10.0 cents per Zeder share, from income reserves ("Special Dividend"), subject to the required South African Reserve Bank approval being obtained for the declaration of the special dividend ("Condition"). Shareholders are advised that the Condition has not yet been fulfilled and, accordingly, the expected timetable for the Special Dividend will need to be revised. Once the Condition has been fulfilled, a further announcement will be published by the Company on SENS, which will include the revised timetable, including the date of payment of the Special Dividend. Stellenbosch 24 October 2023 Sponsor Independent Joint Sponsor PSG Capital Tamela Holdings Date: 24-10-2023 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.