Notice of Meeting - RED162 REDINK RENTALS (RF) LIMITED Notice of Meeting (Incorporated in South Africa with limited liability under registration number 2015/090404/06) (“Redink Rentals”) Date: 25 May 2023 RED162 - ZAG000182023 ANNOUNCEMENT TO THE NOTICE OF A MEETING OF THE HOLDERS OF ALL CLASS A NOTES ISSUED IN RELATION TO TRANSACTION NO. 16 – TOWER INVESTMENTS (SMART TREAD FINANCING AGREEMENT) ("Transaction No. 16") We refer to the notice delivered, in accordance with Condition 22.2.3 of the Terms and Conditions of the Notes, by the Issuer on 24 May 2023 to the holders of all the Class A Notes issued by the Issuer under the Programme in relation to Transaction No. 16 (“the Noteholders”), for purposes of passing an Extraordinary Resolution. The Extraordinary Resolution of the Noteholders is sought to amend and restate the amended and restated Applicable Pricing Supplement issued by the Issuer in relation to the Notes dated 30 November 2022 ("Applicable Pricing Supplement”). ? The Issuer wishes to draw noteholders attention to the following additional information in respect of Section B of the notice as delivered: • The Issuer has proposed an amendment to the Applicable Pricing Supplement, which was set out in the amended Applicable Pricing Supplement as attached to notice as Annexure A, to facilitate the recovery of the Sale Assets in relation to Transaction No. 16; • The Issuer is in process of taking the necessary steps to recover the amounts due from the Sale Assets, in specific the Guarantee issued by Lombard Insurance Company Limited (the "Guarantor") in relation to Transaction No. 16; • The Issuer instituted a motion proceeding against the Guarantor for payment of the sum as guaranteed, limited to R60 million; • This motion proceeding was served on the Guarantor on the 30th March 2023; • The Issuer was advised by its legal counsel that it is at this time difficult to estimate a date for the court hearing, and consequently the timing of concluding on the recovery of the Sale Assets in relation to Transaction No. 16 will extend beyond the existing Final Redemption Date of the Class A Notes; • Henceforth the Issuer would require additional time to finalise the recovery process. Capitalised terms and expressions used herein and not otherwise defined herein, shall have the meanings ascribed to such terms and expressions in the programme memorandum issued by the Issuer in relation to the Programme dated 29 May 2015 (the "Programme Memorandum"). Further information on the Programme please contact: Redinc Capital Charlize Wiederkehr Tel: +27 10 822 7993 Email: charlize@red-inc.co.za Page 2 of 2 Date: 25-05-2023 09:35:00 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.