US PLUS LIMITED - Dealings in Securities by Associates of Directors

Dealings in Securities by Associates of Directors

Us Plus Limited
(Incorporated with limited liability in South Africa under registration number 2014/048709/06)
Alpha Code: USPI
(“UsPlus” or “the Company”)


DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS


The board of directors of UsPlus is pleased to announce that the Company has undertaken a Rights Issue and
accordingly raised approximately R2,463 million through an issue of new UsPlus shares. The enterprise value
established for UsPlus pursuant to the Rights Issue has been set at R75 million. Accordingly, in compliance
with paragraphs 6.42 to 6.53 (both inclusive) of the Debt Listings Requirements of JSE Limited, the following is
disclosed:


Name of director:                                  Gary Sayers
Company:                                           UsPlus
Name of associate:                                 Girder Consulting Proprietary Limited
Relationship of director to associate:             Gary Sayers is the beneficial owner of Girder Consulting
                                                   Proprietary Limited
Class of securities:                               Ordinary shares
Nature of transaction:                             Off-market issue of new ordinary shares pursuant to the
                                                   UsPlus Rights Issue
Extent of interest:                                Indirect beneficial
Date of transaction:                               28 February 2022
Number of securities:                              1
Price per security:                                R25 658.56
Total value:                                       R25 658.56


Name of director:                                  Leon Kirkinis
Company:                                           UsPlus
Name of associate:                                 Helios Proprietary Limited
Relationship of director to associate:             Leon Kirkinis is the majority shareholder of Helios
                                                   Proprietary Limited
Class of securities:                               Ordinary shares
Nature of transaction:                             Off-market issue of new ordinary shares pursuant to the
                                                   UsPlus Rights Issue
Extent of interest:                                Indirect beneficial
Date of transaction:                               28 February 2022
Number of securities:                              10
Price per security:                                R25 658.56
Total value:                                       R256 585.64


Name of director:                                  Frederik de Ridder
Company:                                           UsPlus
Name of associate:                                 Vaalbara Proprietary Limited
Relationship of director to associate:             Frederik de Ridder is a major shareholder of Vaalbara
                                                   Proprietary Limited
Class of securities:                               Ordinary shares
Nature of transaction:                             Off-market issue of new ordinary shares pursuant to the
                                                   UsPlus Rights Issue
Extent of interest:                                Indirect beneficial
Date of transaction:                               28 February 2022
Number of securities:                              78
Price per security:                                R25 658.56
Total value:                                       R2 001 367.97



Johannesburg
28 February 2022

Debt Sponsor
Merchantec Capital

Date: 28-02-2022 04:45:00
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