NEWPARK REIT LIMITED - Furnishing of irrevocable undertakings in relation to the proposed Scheme of Arrangement and dealings by associates of directors

Furnishing of irrevocable undertakings in relation to the proposed Scheme of Arrangement and dealings by associates of directors

NEWPARK REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2015/436550/06)
JSE share code: NRL ISIN: ZAE000212783
(Approved as a REIT by the JSE)
("Newpark" or "the Company")
                                                                                                     
FURNISHING OF IRREVOCABLE UNDERTAKINGS IN RELATION TO THE PROPOSED SCHEME OF ARRANGEMENT AND DEALINGS BY ASSOCIATES OF DIRECTORS


Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings
ascribed thereto in the firm intention announcement published by Newpark and RenLia Developments Proprietary Limited
("RenLia") on SENS on 10 September 2026 ("FIA").

Shareholders are referred to the FIA and are informed that the Ellerine Shareholders (collectively holding 65,223,601
Newpark shares, representing, in aggregate, 65.22% of the Newpark shares in issue) have provided RenLia with irrevocable
undertakings to accept the Repurchase Offer to be made by the Company to Scheme Participants to repurchase their Newpark
shares for the Scheme Consideration, subject to the Scheme becoming unconditional in accordance with its terms, the details
of which are set out below:

 Ellerine Shareholders                                                       Direct      Indirect        Total        Total
                                                                         beneficial    beneficial    number of          (%)
                                                                           interest      interest       Shares

 Ellwain Investments Pty Ltd ("Ellwain") (Dionne Hirschowitz             32,116,788             -   32,116,788      32.1168
 (non-executive director of Newpark) and Kevin Ellerine (non-
 executive director of Newpark), collectively, are indirectly
 beneficially interested in more than 35% of the voting interest in
 Ellwain)
 Ellvest (RF) Pty Ltd ("Ellvest") (Dionne Hirschowitz (non-              19,270,074             -   19,270,074      19.2701
 executive director of Newpark) controls more than 35% of the
 votes at board meetings of Ellvest on account of being one of
 Ellvest's two directors)
 Seaview Global Investments Ltd                                          13,836,739             -   13,836,739      13.8367
 Total                                                                   65,223,601             -   65,223,601      65.2236

The irrevocable undertakings by each of Ellwain and Ellvest constitute a conditional obligation by an associate of a director
to dispose of Newpark shares and accordingly constitutes a dealing in securities by associates of directors of Newpark in
accordance with the JSE Listings Requirements. The transfer of the Newpark shares will be effected in exchange for the
Scheme Consideration per Newpark share by way of off-market trades in terms of the Scheme. It is noted that the relevant
Newpark shares have not been sold and will only be sold by the relevant Ellerine Shareholder and acquired by Newpark if the
Scheme becomes unconditional and operative in accordance with its terms.

A further announcement detailing the transfer of these Newpark shares will be published on SENS in due course, assuming
the Scheme becomes operative.

The Independent Board (to the extent that the information relates to Newpark) collectively and individually accept
responsibility for the information contained in this announcement and certify that, to the best of their knowledge and belief,
the information contained in this announcement relating to Newpark is true and this announcement does not omit anything
that is likely to affect the importance of such information.

The board of directors of RenLia (to the extent that the information relates to RenLia) collectively and individually accept
responsibility for the information contained in this announcement and certify that to the best of their knowledge and belief,
the information contained in this announcement relating to RenLia is true and this announcement does not omit anything that
is likely to affect the importance of such information.

18 September 2026


Corporate Advisor and Designated Advisor
Java Capital
Date: 18/09/2026 10:30:00
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