Dealings in securities REUNERT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1913/004355/06) ISIN: ZAE000057428 Share code: RLO (“Reunert” or the “Company” of the “Group”) DEALINGS IN SECURITIES In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following transactions by directors of Reunert, the company secretary and a director of a major subsidiary of the Company (collectively or individually, the “Participant(s)”) are hereby disclosed. Vesting of units in terms of Reunert’s Conditional Share Plan 2012 (“Previous CSP”) Ordinary shares in the Company (“Shares”) vested in the Participants on 24 November 2020, in respect of the Previous CSP units that were allocated to the Participants in 2015 and 2016, as part of the retention plan, or in 2016, as part of the performance plan: Participant Number of vested Shares Value of vested Shares based on the Company’s 20-day VWAP, as at 23 November 2020 of R36,90 per share Executive directors of the Company AE Dickson 41 654 R1 537 032,60 M Moodley 8 157 R300 993,30 NA Thomson 14 738 R543 832,20 Director of Quince Capital P Capa 1 963 R72 434,70 Company Secretary K Louw 3 958 R146 050,20 The nature of the interest of the above Participants is direct beneficial and they received the prescribed clearance to trade. Dealings in securities – Director of major subsidiary Shareholders are referred to the announcement of directors’ dealings in securities published on SENS on 30 September 2020 regarding awards made in terms of the Reunert 2019 Conditional Share Plan (“CSP”), (the “Announcement”). As indicated on 30 September 2020, in accordance with the rules of the CSP (“Rules”), the allocation of awards was approved on 28 September 2020, on behalf of the Company’s Remuneration Committee (“CSP Awards”). The Announcement did not include information regarding the allocation of a CSP Award to a director of a major subsidiary. The below stated CSP Award entitles the Participant to Shares in the future, provided that the Participant remains with the Group. The nature and extent of the interest of the Participant is direct beneficial. The following CSP Award was allocated to the Participant, off-market, and the prescribed clearance to trade was received: CSP units – subject to remaining Indicative transaction value*, with the Group: 50% vesting based on the Company’s 20-day after 4 years and 50% after 5 VWAP, as at 25 September 2020 years at R31.60 per share* Director of Quince Capital P Capa 2 000 R63 200 * The transaction value relating to the CSP Award is only indicative. The actual transaction value will only be determinable when the CSP Award vests, in accordance with the Rules, at the end of the four and five year period. Sandton 25 November 2020 Sponsor One Capital Date: 25-11-2020 05:15:00 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.