SUMMIT ISSUER (RF) LIMITED - New Listing of preference share - SDM001

New Listing of preference share - SDM001

Summit Issuer (RF) Limited
Company Registration number: 2025/552928/06
JSE Share Code: SDM001
JSE Alpha code: SUMH
ISIN: ZAE000355855
LEI Number: 37890IWGVWPEI2SAMM62

SUMMIT ISSUER (RF) LIMITED: NEW LISTING OF PREFERENCE SHARE IN THE PREFERENCE
SHARE SECTOR

Following the establishment of a master programme memorandum dated 22 February 2022
("Original Master Programme Memorandum"), the amended and restated master programme
memorandum ("Master Programme Memorandum") dated 3 November 2025 and the Applicable
Issuer Supplement issued by the Issuer dated 3 November 2025 was approved by the JSE Limited
("the JSE") (available on the Issuer's website, at www.summitissuer.co.za). Under this multi-
issuer note and preference share programme (the "Programme"), the Issuer may from time-to-
time issue limited recourse secured or unsecured registered notes (the "Notes") or preference
shares (the "Programme Preference Shares", and together with the Notes, "Instruments"),
denominated in South African Rand. Following which, in relation to the establishment of
"Transaction 1", the Applicable Transaction Supplement issued by the Issuer dated 8 December
2025 was approved by the JSE (available on the Issuer's website, at
www.summitissuer.co.za/latest-reports/).
Investors are advised that, following a successful private placement, the JSE has approved the
listing of 26 293 Class A Programme Preference Shares, with eaect from Monday, 15 December
2025 ("the listing date") in the "Preference Share" sector of the Main Board with the abbreviated
name "SUMPREF01".


Salient features of the Class Redeemable Preference Shares are detailed below:

Instrument code                          SDM001

Instrument number                        124846

Instrument                               Non-cumulative, redeemable preference share

Aggregate Issue Price                    R 251,500,000.00

Issue price per share                    R10,000 (1,000,000 cents per share)

Denomination per Programme               R10,000 with a minimum aggregate Subscription
Preference Share                         Amount of not less than ZAR1,000,000 per single
                                         Programme Preference Share Subscriber

Issue date                               15 December 2025

Dividend Amount per Programme            The amount available for distribution to the holders of
Preference Share                         the Class A Programme Preference Shares per item 6
                                         of the Pre-Redemption Event Priority of Payments
                                         divided by the number of Class A Programme
                                         Preference Shares then in issue

Dividend commencement                    Dividends are paid ad-hoc - Distributions received from
Date                                     UK Bidco will be distributed to the Programme
                                         Preference Shareholders in the form of dividends

Business day convention                  Following

Total amount in issue, after
this issuance                            R251,500,000.00

Authorised share capital                 1,000,000 ordinary shares of no-par value
                                         1,000,000 redeemable preference shares of no-par
                                         value
                                         1,000,000 unclassified shares of no-par value

Issued Share capital                     100 ordinary share in issue
                                         2 unlisted redeemable preference shares (non
                                         Programme Preference Shares) for no par value
                                        (R 613,349)



Final Redemption Amount                  Per Condition 8 (Redemption and Purchases)

Redemption at the option of              Yes, pursuant to Condition 8.2 (Early redemption at the
the Issuer                               option of the Issuer), upon repayment or prepayment
                                         by the Borrower of all or a portion of the Participating
                                         Assets

Final Redemption Date                    16 December 2030

Use of Funds                             The Issuer shall issue the Programme Preference
                                         Shares and use the subscription proceeds received to
                                         acquire the Participating Assets and to fund the
                                         Transaction Expense Reserve on the Issue Date, as
                                         more fully described in the Applicable Pricing
                                         Supplement.

Additional Terms and
conditions to the
Programme Memorandum                     Private Placement, and the condition per paragraph 39
                                         of the Applicable Pricing Supplement

Issuer                                   Summit Issuer (RF) Limited

Address of Issuer                        1st floor, 32 Fricker Road, Illovo Boulevard, Illovo, 2196

Transfer office address                  1st floor, 32 Fricker Road, Illovo Boulevard, Illovo, 2196

Date of incorporation of Issuer          10 July 2025

HFI documentation                        1st floor, 32 Fricker Road, Illovo Boulevard, Illovo, 2196




8 December 2025
Johannesburg
Sponsor:
Redinc Capital (Pty) Ltd

Date: 09-12-2025 07:16:00
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