Approval of the Stock Exchange of Mauritius Ltd for the issue of additional shares UNIVERSAL PARTNERS LIMITED (Incorporated in the Republic of Mauritius) (Registration number: 138035 C1/GBL) SEM share code: UPL.N0000 JSE share code: UPL ISIN: MU0526N00007 ("Universal Partners" or "the Company") APPROVAL OF THE STOCK EXCHANGE OF MAURITIUS LTD FOR THE ISSUE OF ADDITIONAL SHARES The Board of Directors of Universal Partners (the "Board") is pleased to announce that the Listing Executive Committee of the Stock Exchange of Mauritius Ltd (the "SEM") has approved, on 16 November 2021, the issue and listing of 436,032 additional ordinary shares of the Company (the "new shares") on the Official Market of the SEM by way of a consideration issue for the part settlement of the carry fee owed to Argo Investment Managers ("Argo") in relation to the disposal of the investment in YASA Limited (the "Transaction"), a British manufacturer of electric motors and motor controllers for use in automotive and industrial applications. Following the issue of the new shares to Argo, Universal Partners will have a total of 72,786,163 shares in issue. The new shares are expected to list and trade on the Official Market of the SEM as from Friday, 19 November 2021. As required by the SEM Listing Rules, the Information Note relating to the Transaction and the issue of the new shares, will be made available for inspection for at least 10 business days, during normal office hours (from 9 a.m. to 5 p.m. Mauritian time) at the registered office of the Company at c/o Intercontinental Trust Ltd, Level 3, Alexander House, 35 Cybercity, Ebene 72201, Republic of Mauritius, as from 16 November 2021. The Information Note will also be available on the Company’s website: http://www.universalpartners.mu/. This announcement is not an invitation to the public to subscribe for shares in the Company and is provided for information purposes only. Universal Partners has its primary listing on the Official List of the SEM and a secondary listing on the Alternative Exchange of the JSE. By order of the Board 16 November 2021 For further information please contact: SEM Authorised Representative JSE Sponsor and Sponsor Company Secretary Java Capital Perigeum Capital Intercontinental Trust Ltd Tel: +27 11 722 3050 Tel: +230 402 0890 Tel: +230 403 0800 This notice is issued pursuant to the SEM Listing Rule 11.3, Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007 and the JSE Listings Requirements. The Board of Universal Partners accepts full responsibility for the accuracy of the information contained in this announcement. Date: 16-11-2021 03:05:00 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.