Participation in long-term incentive plan and vesting of rights REUNERT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1913/004355/06 ISIN: ZAE000057428 Share code: RLO (“Reunert” or “Reunert group”) PARTICIPATION IN LONG-TERM INCENTIVE PLAN AND VESTING OF RIGHTS The Reunert Conditional Share Plan 2012 (“CSP”) was approved by shareholders on 13 February 2013. At the meeting of Reunert’s remuneration committee on 21 November 2016, the committee approved a number of allocations to participants, as set out in this announcement. In all instances: - clearance to trade was obtained; - approval for individual allocations was given by the remuneration committee; - the nature of the interest is direct beneficial; and - the nature of the transactions was off-market allocations of units which could in future entitle the participant to ordinary shares if relevant conditions are met. CSP units – subject to CSP units – subject CSP units – subject remaining with the to remaining with the to remaining with the Reunert group and Reunert group for a Reunert group, 50% performance period of four years after four years and conditions measured 50% after 5 years over four years Executive directors AE Dickson 131 540 21 923 - M Moodley 54 378 - - MAR Taylor 78 021 - - NA Thomson 98 256 - - Directors of ATC (Pty) Ltd, a major subsidiary of Reunert GW Eddey 39 384 - - PW de Villiers 18 749 3 125 - TA Pooe 18 591 3 099 - Company secretary K Louw - - 4 291 The transaction values will be determined in accordance with the rules of the CSP when the units vest. Sandton 25 November 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 25/11/2016 05:00:00 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.