OUTsurance GROUP LIMITED - Dealings in securities

Dealings in securities

OUTsurance Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2010/005770/06)
ISIN: ZAE000314084
Share code: OUT
("OGL" or "the company")

DEALINGS IN SECURITIES

1. Dealing in securities by a director of a major subsidiary

In compliance with the JSE Limited Listings Requirements,
shareholders are advised of the following dealing in securities by
a director of Youi Holdings Limited, a major subsidiary of the
company.

Director                      :   H Schreuder
Company                       :   OGL
Date of transaction           :   15 November 2023
Nature of transaction         :   Off-market new issue of
                                  ordinary shares by OGL
Class of securities           :   Ordinary shares
Number of securities          :   81 451
Issue price                   :   4 102 cents per share
Total value of transaction    :   R3 341 120
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes

At the annual general meeting of the company held on 8 November
2022, shareholders approved special resolution number 4 which
allows the company to issue new shares in connection with the
acquisition of further shares in OUTsurance Holdings Limited (OHL)
from its minority shareholders. Since 1 July 2022, the movement in
the OHL share price was referenced to the movement in the 15-day
VWAP of the OGL share price.

Mr Schreuder transferred 186 551 ordinary shares in OHL (valued at
R3 341 120) in exchange for 81 451 newly issued OGL shares. Based
on the closing share price of OGL on 14 November 2023 of R43.98,
the value of this transaction is 0.005% of the OGL market
capitalisation which is below the 0.25% threshold of a small
related party transaction.

In addition to Mr Schreuder's transaction, there were four other
employees who transferred in total 2 058 461 shares in OHL (valued
at R36 866 971) in exchange for 898 756 newly issued OGL shares.
Therefore, in total, OGL acquired 2 245 012 additional OHL shares
in exchange for 980 207 newly issued OGL shares.

After these transactions, OGL's shareholding in OHL has increased
from 89.77% to 89.83%, with the remaining 10.17% of the issued
shares of OHL being owned by management and directors. OGL's
issued number of ordinary shares has increased from 1 532 408 776
to 1 533 388 983.

2. Dealing in securities by a director of the company

Director                      :   JH Hofmeyr
Company                       :   OGL
Date of transaction           :   15 November 2023
Nature of transaction         :   Pledging of OGL shares as
                                  security for a share lending
                                  facility
Class of securities           :   Ordinary shares
Number of securities          :   249 681
pledged
Value of securities pledged   :   R10 980 970 at the closing OGL
                                  share price on 14 November 2023
Total value of the share      :   R5 000 000
lending facility
Term of the share lending     :   3 years
facility
Nature of interest            :   Indirect beneficial
Clearance obtained            :   Yes


Centurion
15 November 2023

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15-11-2023 04:16:00
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