NINETY ONE PLC - Expected completion of Ninety Ones acquisition of Sanlam Investment Management Proprietary Limited

Expected completion of Ninety One’s acquisition of Sanlam Investment Management Proprietary Limited

Ninety One Limited                                       Ninety One plc
Incorporated in the Republic of South Africa             Incorporated in England and Wales
Registration number 2019/526481/06                       Registration number 12245293
Date of registration: 18 October 2019                    Date of registration: 4 October 2019
JSE share code: NY1                                      LSE share code: N91
ISIN: ZAE000282356                                       JSE share code: N91
                                                         ISIN: GB00BJHPLV88
                                                         LEI: 549300G0TJCT3K15ZG14


As part of the dual-listed companies' structure, Ninety One plc and Ninety One Limited (together 'Ninety One')
notify both the London Stock Exchange ('LSE') and the Johannesburg Stock Exchange ('JSE') of matters which
are required to be disclosed under the Disclosure Guidance and Transparency Rules and Listing Rules of the
Financial Conduct Authority and/or the Listings Requirements of the JSE.

Expected completion of Ninety One's acquisition of Sanlam Investment Management Proprietary Limited
and commencement of the long-term strategic relationship between Ninety One and Sanlam

Following the joint announcements released by Ninety One and Sanlam Limited and Sanlam Life Insurance Limited
(together 'Sanlam') on 20 November 2024 and 6 March 2025 regarding the creation of a long-term active asset
management relationship between Ninety One and Sanlam (the 'Transaction'), Ninety One is pleased to announce
that the South African component of the Transaction (the 'SA Transaction') is expected to complete on Monday,
2 February 2026. The SA Transaction involves, among other things, the acquisition by Ninety One Limited of all of
the shares in Sanlam Investment Management Proprietary Limited and the creation of the initial 15-year strategic
relationship between Ninety One and the Sanlam Group. The strategic relationship will commence on completion
of the SA Transaction.

Issuance of consideration shares

In accordance with the terms of, and as consideration for, the SA Transaction, Ninety One will issue and allot:
     -   32,832,475 ordinary Ninety One plc shares to Sanlam Investment Holdings Proprietary Limited (the 'NPLC
         SIH Consideration Shares');
     -   66,592,115 ordinary Ninety One Limited shares to Sanlam Investment Holdings Proprietary Limited (the
         'NLTD Consideration Shares'); and
     -   12,594,619 ordinary Ninety One plc shares to Sanlam Life Insurance Limited and together with the NPLC
         SIH Consideration Shares, the 'NPLC Consideration Shares'),
on completion of the SA Transaction, which is expected to take place on Monday, 2 February 2026.

Applications have been made for the NPLC Consideration Shares to be admitted to trading on the Main Market of
the LSE for listed securities, as well as to listing and trading on the Main Board of the JSE (together the 'NPLC
Admissions'). An application has also been made for the NLTD Consideration Shares to be admitted to listing and
trading on the Main Board of the JSE (together with the NPLC Admissions, the 'Admissions'). The Admissions
are expected to take place at 08:00 (GMT) / 10:00 (SAST) on Monday, 2 February 2026.


Date of release: 30 January 2026

For enquiries please contact:

Investor relations
Ninety One Investor Relations                                  ir@ninetyone.com

JSE Sponsor to Ninety One:

J.P. Morgan Equities South Africa (Pty) Ltd

Date: 30-01-2026 09:00:00
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