CORONATION FUND MANAGERS LIMITED - Broad-Based Black Economic Empowerment Transaction Fulfilment of all Remaining Conditions Precedent

Broad-Based Black Economic Empowerment Transaction – Fulfilment of all Remaining Conditions Precedent

CORONATION FUND MANAGERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1973/009318/06)
Share code: CML
A2X code: CMLJ
ISIN code: ZAE000047353
LEI: 3789001BC9A29E6FF77
("Coronation")


BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION – FULFILMENT OF ALL
REMAINING CONDITIONS PRECEDENT


Shareholders are referred to the announcement released on the Stock Exchange News Service on
Monday, 28 October 2024 and the circular to shareholders issued on the same date ("Circular"), relating
to the proposed broad-based black economic empowerment transaction, in terms of which Coronation
will increase its level of Black Ownership to at least 51% (the "B-BBEE Transaction"). Unless otherwise
defined herein, capitalised words and terms contained in this announcement shall bear the meanings
ascribed thereto in the Circular.

Coronation is pleased to inform Shareholders that all the Conditions Precedent, as set out in the
Circular, have been satisfied.

Accordingly, Coronation has proceeded with implementing the B-BBEE Transaction and has issued
new Coronation Shares to the BEE Trusts on 3 December 2024 in accordance with the terms set out
in the Circular.


Cape Town
3 December 2024

Investment Bank, Corporate Advisor and Transaction Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal and Tax Advisor
Cliffe Dekker Hofmeyr Incorporated

Independent Expert
BDO Corporate Finance Proprietary Limited

External Auditor and Reporting Accountant Specialist
KPMG Inc.

Specialist B-BBEE Advisor
Black Lite Consulting Proprietary Limited

Technical Accounting Specialist
Kim Bromfield IFRS Advisory Services

Sponsor
Valeo Capital Proprietary Limited

Date: 03-12-2024 05:45:00
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