REINET INVESTMENTS S.C.A - Management statement for the first quarter ended 30 June 2023

Management statement for the first quarter ended 30 June 2023

Reinet Investments S.C.A. 
(Incorporated in Luxembourg)
ISIN: LU0383812293
Legal Entity Identifier : 222100830RQTFVV22S80
Code: RNI
('the Company')

MANAGEMENT STATEMENT FOR THE FIRST QUARTER ENDED 30 JUNE 2023

The Board of Reinet Investments Manager S.A. announces the results of Reinet Investments S.C.A. for the quarter ended 30 June 2023.

Key financial data
- Reinet's net asset value of EUR 5 646 million reflects a compound growth rate of 8.6 per cent 
  per annum in euro terms, since March 2009, including dividends paid
- The net asset value at 30 June 2023 reflects a decrease of EUR 74 million or 1.3 per cent from 
  EUR 5 720 million at 31 March 2023
- Net asset value per share at 30 June 2023: EUR 31.06 (31 March 2023: EUR 31.46, 30 June 2022: 
  EUR 31.38)
- Receipt of inaugural dividend of some EUR 57 million from Pension Insurance Corporation 
  Group Limited
- Commitments totalling EUR 38 million in respect of new and existing investments were made 
  during the quarter, with a total of EUR 43 million funded


This short form announcement is published under the responsibility of the Board of Reinet Investments Manager S.A.   
and is a summary of the information in the detailed management statement for the first quarter ended 30 JUNE 2023 available
on https://senspdf.jse.co.za/documents/2023/JSE/ISSE/RNIE/RMS30June.pdf and on the Company's website
www.reinet.com/investor-relations/company-announcements.html. This announcement does not contain full details and 
should not be used as a basis for any investment decision in relation to the Company's shares. The full announcement is 
available for inspection, at no charge, at the Company's registered office (35, boulevard Prince Henri, L-1724 Luxembourg)
and the office of the sponsor during standard office hours. 

The financial data disclosed above relates to Reinet Investments S.C.A. and/or its shares:

                                            JSE share code: RNI          ISIN: LU0383812293
                                                                 Sponsor
                                          Rand Merchant Bank (A division of FirstRand Bank Limited)
                                            Cnr Fredman Drive and Rivonia Road, Sandton, 2196 
                                            Telephone: (011) 282 4613 Telefax: (011) 282 4184
                                                              25 July 2023

The Company is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince 
Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on securitisation and in this capacity allows its shareholders to participate indirectly in the 
portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. ('Reinet Fund'), a specialised investment fund also incorporated in 
Luxembourg. The Company's ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange, 
the listing on the Johannesburg Stock Exchange is a secondary listing. The Company's ordinary shares are included in the 'LuxX' index of the principal shares 
traded on the Luxembourg Stock Exchange. The Company and Reinet Fund together with Reinet Fund's subsidiaries are referred to as 'Reinet'. 


Reinet Investments S.C.A.
R.C.S. Luxembourg B 16.576
Legal Entity Identifier : 222100830RQTFVV22S80
Registered office: 35, Blvd Prince Henri, L-1724 Luxembourg, Telephone + 352 22 42 10, Telefax +352 22 72 53
Email: info@reinet.com, website: www.reinet.com
Date: 25-07-2023 07:30:00
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