REINET INVESTMENTS S.C.A - Consolidated unaudited financial results for the six-month period ended 30 September 2025

Consolidated unaudited financial results for the six-month period ended 30 September 2025

Reinet Investments S.C.A. 
(Incorporated in Luxembourg)
ISIN: LU0383812293
Legal Entity Identifier : 222100830RQTFVV22S80
Code: RNI
('the Company')

COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE

18 NOVEMBER 2025

CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE SIX-MONTH PERIOD ENDED 30 SEPTEMBER 2025

The Board of Reinet Investments Manager S.A. announces the results of Reinet Investments S.C.A. for the six-month period ended 30 September 2025.

-  Reinet's net asset value of EUR 6.7 billion reflects a compound growth rate of 8.6 per cent per annum in euro terms, since March 2009, including dividends paid 
-  The net asset value at 30 September 2025 reflects a decrease of EUR 257 million or 3.7 per cent from EUR 6 915 million at 31 March 2025 
-  Net asset value per share at 30 September 2025: EUR 36.62 (31 March 2025: EUR 38.04, 30 September 2024: EUR 36.25)
-  Commitments totalling EUR 298 million in respect of new and existing investments were made during the period, with a total of EUR 7 million funded
-  Ordinary and special dividends received from Pension Insurance Corporation Group Limited during the period amounted to EUR 303 million 
-  Reinet reached an agreement to sell 100 per cent of its holding in Pension Insurance Corporation Group Limited to Athora Holding Ltd, expected to close in 2026
-  Reinet dividend of EUR 0.37 per share, amounting to some EUR 67 million (excluding treasury shares), paid during the period

This results announcement is published under the responsibility of the Board of Reinet Investments Manager S.A. and is a summary of the information in the detailed management statement for the six-month period ended 30 September 2025 available on https://senspdf.jse.co.za/documents/2025/JSE/ISSE/RNIE/RMS30Sep25.pdf and on the Company's website www.reinet.com/investor-relations/company-announcements.html. 
This announcement does not contain full details and any investment decision by investors and/or shareholders in relation to the Company's shares should be based on a consideration of the detailed management statement for the six-month period ended 30 September 2025.

The financial data disclosed above relates to Reinet Investments S.C.A. and/or its shares:
JSE share code: RNI, ISIN: LU0383812293
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited), Cnr Fredman Drive and Rivonia Road, Sandton, 2196 
Telephone: (011) 282 4613

The Company is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, 
L-1724 Luxembourg. It is governed by the Luxembourg law on securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. ('Reinet Fund'), a specialised investment fund also incorporated in Luxembourg. The Company's ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange; the listing on the Johannesburg Stock Exchange is a secondary listing. The Company's ordinary shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange. The Company and Reinet Fund together with Reinet Fund's subsidiaries are referred to as 'Reinet'.

REINET INVESTMENTS S.C.A. 
R.C.S. LUXEMBOURG B 16 576
LEGAL ENTITY IDENTIFIER :222100830RQTFVV22S80
REGISTERED OFFICE : 35, BOULEVARD PRINCE HENRI, L-1724 LUXEMBOURG, TEL: (+352) 22 42 10, FAX (+352) 22 72 53 
EMAIL: INFO@REINET.COM, WEBSITE: WWW.REINET.COM
Date: 18-11-2025 08:00:00
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