SALUNGANO GROUP LIMITED - Dealing in securities by an associate of a director

Dealing in securities by an associate of a director

SALUNGANO GROUP LIMITED
(previously known as Wescoal Holdings Limited)
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: SLG
ISIN: ZAE000306890
(“Salungano Group” or “the Company”)

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

In terms of paragraphs 3.63 - 3.66 of the JSE Limited Listings Requirements, the following
information, relating to the dealing in securities, is disclosed:

Name of associate:                 RBFT Investments Proprietary Limited (“RBFT”)
Name of director:                  MR Ramaite
Class of securities:               Ordinary shares

Date of transactions:              21 February 2023
Number of securities:              3 874 089
Average price per security:        139.98246 cents
Lowest price per security:         139.00000 cents
Highest price per security:        140.00000 cents
Total value:                       R5 423 044.93

Date of transactions:              22 February 2023
Number of securities:              216 896
Price per security:                140.0000 cents
Total value:                       R303 654.40

Date of transactions:              23 February 2023
Number of securities:              168 568
Price per security:                140.0000 cents
Total value:                       R235 995.20

Nature of the transactions:        Purchase of Salungano ordinary shares on-market by
                                   RBFT, an associate of Mr Ramaite. Mr Ramaite is a
                                   director of, and has an indirect beneficial interest in,
                                   RBFT.
Extent of interest of director:    Indirect beneficial
Extent of interest of associate:   Direct beneficial
Clearance to deal:                 Yes

24 February 2023

Sponsor:
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 24-02-2023 02:06:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.