UsPlus: Updates to the Information Statement Us Plus Limited (Incorporated with limited liability in South Africa under registration number 2014/048709/06) Alpha Code: USPI ("UsPlus") UPDATES TO THE INFORMATION STATEMENT UsPlus has updated the Information Statement which is incorporated by reference into the UsPlus Limited ZAR1,000,000,000 Domestic Medium Term Note Programme by: - removing reference to Covid-19 as a key risk relating to the Issuer and its business and updating the economic and political challenges in South Africa which may affect business; - noting that as at the Information Date, 39% of UsPlus' assets have been ceded as security for the debt financing made available to UsPlus, as well as cessions over certain bank accounts. The stated objective is to reduce this ratio to below 20%; - removing reference to reverse factoring, which form of finance has been discontinued; - updating the Issuer's primary asset percentage allocation as at 29 February 2024; - referring investors to the most recent Annual Financial Statements for information regarding the equity base of UsPlus, its debt funding, as well as the covenants and security provided in respect of such debt funding as at 29 February 2024; - extending the assessment criteria to be performed on potential clients and transactions greater than R50 000; - updating the section referring to ownership, regarding shareholding of the Issuer; - incorporating updates to the directorships of certain directors; and - updating the Transfer Agent, Calculation Agent and Issuer Agent contact person. The amended Information Statement is available for viewing or download from the following website: https://www.usplus.world/bond-issuance/ Johannesburg 7 May 2024 Debt Sponsor Merchantec Capital Date: 07-05-2024 03:15:00 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.