Tap Issue Announcement AGRARIUS SUSTAINABILITY ENGINEERED (RF) LIMITED Incorporated in the Republic of South Africa with limited liability (Registration Number: 2022/521382/06) JSE Alpha Code: "AGRIA" ISIN: ZAG000191214 LEI: 378900376E9ADF2BD166 ("Agrarius") TAP ISSUE ANNOUNCEMENT The JSE Limited has granted approval for a tap issue listing to Agrarius under its Shariah compliant, sustainability focussed asset-backed note programme dated 19 September 2022, focussed on transactions in the agriculture sector value chain. The salient details of the tap issuance are as follows: Authorised programme size: ZAR 10,000,000,000 Aggregate principal amount of this ZAR 100,000,000 (one hundred million Rand) tranche: Total amount listed after this ZAR 600,000,000 (six hundred million Rand) issuance: Instrument type: Floating Rate, Sustainability-linked Asset-Backed Notes, self-labelled as Sukuk Notes by Agrarius and certified Shari'ah compliant by the 27four Investment Managers Shari'ah Advisory Committee Bond code: AGRIA1 Nominal Amount per Note: ZAR 1.00 Specified Denomination: ZAR 1,000,000 Issue price: 104.49151% of the Nominal Amount per Tap Issue Note Margin: 4.75% per annum Reference Rate: 3-month ZAR - JIBAR determined on the last Calendar Day of a Calendar Month for the reference rate applicable to the following Calendar Month as benchmark using a simple rate of return (not compounding) Explanatory note on the Reference Rate Rate Determination Method: The Reference Rate is determined using the Screen Rate Determination method (Reference Rate plus Margin). Reference Rate: 3-month ZAR - JIBAR , which is determined on the last Calendar Day of each Calendar Month as the benchmark rate for the following Calendar Month. This rate is calculated using a simple rate of return (not compounding). Margin: A margin of 4.75% is added to the Reference Rate. While the Reference Rate Reset Date is not specifically stated, it can be interpreted from the wording of the Reference Rate that the reset occurs on a monthly basis. Accordingly: "3-month ZAR - JIBAR" is determined on the last Calendar Day of a Calendar Month for the Reference Rate applicable to the following Calendar Month as benchmark using a simple rate of return (not compounding). Rationale for the monthly reset: The Tap Issue Note is designed as a floating rate asset- backed note, primarily due to the short term nature of the Underlying Transactions with counterparties in the agriculture sector, with terms typically ranging between 3 to 12 months. Given this characteristic, a floating rate structure aligns perfectly with the dynamic nature of these agricultural transactions and it ensures that the Tap Issue Note remains in sync with the prevailing market conditions and Reference Rate movements over the relatively short transaction terms. As a result, it provides a fair and competitive mechanism for both Tap Issue Note investors and the Issuer, facilitating a more effective and efficient financing solution for all parties involved in these agriculture- related transactions, while remaining Shariáh compliant. Maturity date: 28 October 2025, unless redeemed on any Optional Dissolution Date and/or Early Dissolution Date. If any such date is not a Business Day, the date determined in terms of the Following Business Day Convention Books close period(s): The Register will be closed from 26 March to 30 March and from 25 September to 29 September (all dates inclusive) in each year and 23 October 2025 to 27 October 2025 (all dates inclusive) until the Maturity Date Periodic distribution dates: 31 March and 30 September of each year until the Maturity Date Last day to register: By 17h00 on 25 March and 24 September each year until the Maturity Date or, if any day is not a Business Day, the last Business Day immediately preceding the commencement of the Books Closed Period(s) Issue date: 2 February 2024 Applicable Business Day Convention: Following Business Day Convention Periodic distribution commencement 30 September 2023, being the last day of the previous date: Periodic Distribution Period for the AGRIA1 Sukuk Notes in issue ISIN: ZAG000191214 Status of notes: Senior Secured The applicable pricing supplement for the tap issue is available at: https://www.27four.com/agrarius/investorcentre Rosebank 1 February 2024 JSE Debt Officer Johan Fourie 27four Investment Managers JSE Debt Sponsor and Transaction Debt Sponsor Legal Advisor Questco Corporate Advisory Proprietary Fasken Martineau DuMoulin LLP Limited (incorporated in South Africa as Bell Dewar Inc.) Administrator Lead Dealer 27four Investment Managers RMB, a division of Firstrand Bank Limited Date: 01-02-2024 11:18:00 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.