SOUTHERN SUN LIMITED - Exercise of share appreciation rights and allotment of Southern Sun ordinary shares by directors

Exercise of share appreciation rights and allotment of Southern Sun ordinary shares by directors

Southern Sun Limited
Incorporated in the Republic of South Africa
Registration number 2002/006356/06
Share Code: SSU ISIN: ZAE000272522
("Southern Sun" or "the Company")


EXERCISE OF SHARE APPRECIATION RIGHTS AND ALLOTMENT OF SOUTHERN SUN ORDINARY SHARES BY
DIRECTORS


In compliance with Paragraphs 3.63 of the JSE Limited Listings Requirements, shareholders are advised that per
Southern Sun's Share Appreciation Rights Plan ("SARP"), Share Appreciation Rights ("SARs") vested and were
exercised by the following directors of the Company to whom Southern Sun ordinary shares ("SSUs") have been
issued. The value of the SSUs issued is equal to the value of the appreciation of the awarded SARs over the
vesting period (net of tax).

 Director                                Marcel Von Aulock
 Designation                             Chief Executive Officer
 Nature of transaction                   Off-market exercise of SARs and allotment of SSUs
 Nature of interest                      Direct, beneficial
 Class of shares                         Ordinary SSU shares
 Transaction date                        5 August 2025
 Number of SSU                           1 317 498
 Exercise price                          R9.6518
 Transaction value                       R12 716 227.20
 Clearance obtained                      Yes

 Director                                Laurelle McDonald
 Designation                             Chief Financial Officer
 Nature of transaction                   Off market exercise of SARs and allotment of SSUs
 Nature of interest                      Direct, beneficial
 Class of shares                         Ordinary SSU shares
 Exercise date                           5 August 2025
 Number of SSU                           658 749
 Exercise price                          R9.6518
 Transaction value                       R6 358 113.60
 Clearance obtained                      Yes

5 August 2025

Sponsor
Investec Bank Limited

Date: 05-08-2025 04:40:00
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