REMGRO LIMITED - Disposal of shares held in FirstRand Limited

Disposal of shares held in FirstRand Limited

REMGRO LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1968/006415/06
ISIN: ZAE000026480
JSE and A2X share code: REM
("Remgro" or "the Company")

DISPOSAL OF SHARES HELD IN FIRSTRAND LIMITED

Shareholders are advised that Remgro has disposed of ordinary shares held in FirstRand
Limited ("FirstRand") through on-market transactions ("disposals").

Subsequent to the unbundling of Remgro's strategic indirect interest in FirstRand, historically
held through Remgro's interest in RMB Holdings, in June 2020, Remgro retained a direct
exposure of 3.92% in FirstRand which it had previously identified as non-core. By its previous
financial year end of 30 June 2025, Remgro had sold down this residual interest to a holding
of 1.64%.

In continuation of the aforementioned disposal process, Remgro has disposed of 51 966 739
additional FirstRand shares in the market over the period 2 February 2026 to 10 March 2026,
at an average price per share of R93.87, for an aggregate consideration of R4 878 million. The
proceeds from the disposal adds to Remgro's strategic cash resources, which is managed in
accordance with its capital allocation framework.

The aggregate disposals constitute a Category 2 transaction in terms of Section 8 of the JSE
Listings Requirements and do not require shareholder approval.

Information relating to the business of FirstRand, its net asset value and normalised earnings
can be accessed through the following weblink
https://www.firstrand.co.za/investors/integrated-reporting-hub/financial-reporting.


Stellenbosch
11 March 2026

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

Date: 11-03-2026 08:00:00
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