PREMIER GROUP LIMITED - Change in significant holding of Premier ordinary shares

Change in significant holding of Premier ordinary shares

PREMIER GROUP LIMITED
(formerly Premier Group Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2007/016008/06)
ISIN: ZAE000320321
Share Code: PMR
("Premier" or "Company")

CHANGE IN SIGNIFICANT HOLDING OF PREMIER ORDINARY SHARES

Shareholders are referred to the announcement released by Brait P.L.C ("Brait PLC") on the Stock Exchange News Service
on 19 March 2024 pursuant to which Brait PLC successfully placed 15 million ordinary shares in Premier by way of an
accelerated bookbuild (the "Placement"). Titan Premier Investments Proprietary Limited participated in the Placement and
accordingly acquired 833 333 additional ordinary shares in the Company.

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended ("the Companies Act"), regulation
121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders
are hereby advised that the Company has received formal notification that, as a result of the Placement, the beneficial interest
held by Titan Premier Investments Proprietary Limited, together with other entities related to the Wiese family ("Titan"), in the
ordinary shares of the Company has decreased to 44.3% of the total issued ordinary shares in the Company.

While Titan's economic interest in Premier amounts to 31.5%, its beneficial interest amounts to 44.3% pursuant to the terms
and conditions of a Cession of Voting Rights Agreement (as defined in the Company's pre-listing statement dated 10 March
2023).

As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notice with the Takeover
Regulation Panel.

The board of directors of Premier accepts responsibility for the information contained in this announcement as it relates to the
Company and confirms that, to the best of its knowledge and belief, such information relating to Premier is true and that this
announcement does not omit anything likely to affect the importance of such information.

Johannesburg
22 March 2024

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 22-03-2024 08:58:00
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