OUTsurance GROUP LIMITED - Completion of the acquisition of an additional equity stake in Youi Holdings

Completion of the acquisition of an additional equity stake in Youi Holdings

OUTSURANCE GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2010/005770/06
ISIN: ZAE000314084
Share code: OUT
(OGL)

COMPLETION OF THE ACQUISITION OF AN ADDITIONAL EQUITY STAKE IN YOUI HOLDINGS

Shareholders are referred to the announcement released on the Stock Exchange
News Service on 31 March 2023, where OGL advised that OUTsurance Holdings
Limited (OHL), an 89.7%-owned subsidiary of OGL, had entered into an
agreement with Mr Roos, a non-executive director of OHL and its listed parent
company, OGL, to acquire 50% of his shareholding in Youi Holdings (Youi) for
A$36 million (the transaction). At that time, the transaction was subject to
the customary terms and conditions for transactions of this nature, including
obtaining Exchange Control Approval from the Financial Surveillance
Department of the South African Reserve Bank.

Shareholders are advised that all the terms and conditions of the transaction
have been fulfilled and the settlement for the Youi shares acquired from Mr
Roos was effected today, 9 May 2023.


Centurion
9 May 2023

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 09-05-2023 09:50:00
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