REUNERT LIMITED - Notification of an intra-group repurchase of shares

Notification of an intra-group repurchase of shares

REUNERT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06)
JSE and A2X share code: RLO
ISIN: ZAE000057428
("Reunert" or the "Company")

NOTIFICATION OF AN INTRA-GROUP REPURCHASE OF SHARES

Shareholders of Reunert ("Shareholders") are referred to the announcements published on SENS on
30 September 2020, wherein, inter alia, Shareholders were advised of the hedging transaction entered into
between Reunert, on behalf of the Reunert 2019 Conditional Share Plan ("CSP"), and Investec Bank Limited
("Investec"), an independent third party, pursuant to which the CSP hedged the potential obligation to deliver
Reunert shares ("Shares") to participants in terms of the rules of the CSP ("Heding Transaction"). As
announced on SENS on 20 November 2020, the Hedging Transaction resulted in an on-market acquisition
of 2 346 930 Shares by Investec, on behalf of the CSP, being the potential maximum obligation of the CSP
at the time, at a price of R33.67 per Share.

The Hedging Transaction is now nearing its conclusion, and the Company has agreed to take delivery of the
Shares held by Investec on behalf of the CSP.

In compliance with paragraph 3.99, as read with paragraph 5.67(B)(b), of the JSE Limited Listings
Requirements, Shareholders are hereby advised that on 30 September 2024, the Company concluded an
intra-group repurchase with the CSP, in terms of which the Company will acquire 2 303 880 Shares held by
Investec on behalf of the CSP ("Repurchased Shares") for a total consideration of R0.01 ("Intra-group Repurchase").

Following implementation of the Intra-group Repurchase:

    •   the Repurchased Shares will revert to the authorised and unissued share capital of Reunert, in
        accordance with section 35(5) of the Companies Act, No. 71 of 2008, as amended;
    •   application will be made to the JSE for the delisting of the Repurchased Shares, whereafter Reunert
        will have 182 665 316 Shares in issue; and
    •   the number of Shares held in treasury by the Company will be 1 483 748.


Sandton
1 October 2024

Sponsor
One Capital

Date: 01-10-2024 08:00:00
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