NUMERAL LIMITED - Share Consolidation - Fractional Entitlements

Share Consolidation - Fractional Entitlements

NUMERAL LTD
(Incorporated in the Republic of Mauritius)
(Registration number: 098177 C1/GBL)
Primary Listing SEM share code: GOLI.N0000
Secondary Listing JSE share code: XII
ISIN: MU0330N00004
("the Company" or "Numeral")

SHARE CONSOLIDATION - FRACTIONAL ENTITLEMENTS


INTRODUCTION

Shareholders are referred to the circular distributed by the Company ("Circular") and the announcement
published on SENS on Friday, 19 December 2025, pertaining to the proposed consolidation and issue of
shares for cash as well as the approval of the share consolidation by shareholders in General Meeting held
on 19 January 2026. Shareholders were also advised of the details pertaining to the consolidation of shares
by Numeral in the ratio of 10:1. The new issued share capital post the consolidation is 124 250 000 shares of
no par value.

Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the
same meanings ascribed thereto in the Circular.

FRACTIONAL ENTITLEMENTS

In implementing the consolidation, the company is required by the SEM and JSE to apply the rounding
principle, whereby a shareholder becoming entitled to a fraction of a share arising from the consolidation
will be rounded down to the nearest whole number, resulting in allocations of whole Numeral shares and
cash payments for the fraction. The value of such cash payment will be the SEM and JSE 30-day volume
weighted average traded price less 10% on the first day after the last day to trade in order to participate in
the consolidation, and will be announced, together with the applicable USD: ZAR exchange rate, on SENS
by 11:00 and by 13h00 on SEM on the second day after the last day to trade in order to participate in the
Share Consolidation.

Fractional entitlements will be aggregated and sold on the market, and the net proceeds will be distributed
to the relevant shareholders in accordance with the SEM Listing Rules and the JSE Listings Requirements. The
method used to determine the cash value for fractional entitlements will be calculated based on the
weighted average traded price of Numeral shares on the SEM and the JSE over the 10 business days
preceding the effective date of the consolidation, rounded down to the nearest cent. The fractional
entitlement will not be subject to Dividend Withholding Tax.

 Details                                         Date                        SEM                        JSE
                                                                      USD (cents)               ZAR (cents)
 VWAP on LDT+1                        28 January 2026                      1 cent             1.96649 cents
 Amount that will be used                                                0.9 cent             1.76984 cents
 to determine the cash
 payment for the Fractional
 Entitlements (i.e.
 VWAP on LDT+1 less 10%)

Cash payments in respect of the Fractional Entitlements will be made on Monday, 2 February 2026 to the
CSDP or broker accounts of dematerialised shareholders or to the bank accounts of certificated
shareholders.

Certificated shareholders whose bank account details are not held by the Transfer Secretaries, should
provide such details to the Transfer Secretaries to enable payment of the cash amount due. Should no
details be on record, the funds will be held in trust until such time as the details have been provided,
whereafter the cash entitlement will be paid to the Shareholder upon its request without interest.

Shareholders are informed that, as far as the tax implications of the cash payment in respect of the Fractional
Entitlements is concerned, the receipt of the cash payment by Shareholders will typically be subject to
capital gains tax for Shareholders holding Numeral Shares as capital assets, or to income tax for Shareholders
holding Numeral Shares as trading stock, as the case may be.

For and on Behalf of the Board
Mauritius
29 January 2026

Numeral has its primary listing on the Stock Exchange Mauritius and a secondary listing on the AltX of the
JSE.

This notice is issued pursuant to SEM Listing Rules 11.3 and 11.16 and Rule 5(1) of the Securities (Disclosure
Obligations of Reporting Issuers) Rules 2007. The Board of Directors of the Company accepts full responsibility
for the accuracy of the information contained in this announcement.

 Executive Director:                                                                  Non-Executive Directors:
 Dave van Niekerk                                                                  Mr Mohamed Yusuf Sooklall
 Neville Graham                                                                       Dr Aansa Devi Bedacee
 Jacobus Botma
 JSE Sponsor:                                              Management Company and Company Secretary:
 AcaciaCap Advisors Proprietary Limited                                LTS Management Services Limited

Date: 29-01-2026 11:47:00
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.