NUTUN LIMITED - Acceptance of conditional shares in terms of the Nutun conditional share plan

Acceptance of conditional shares in terms of the Nutun conditional share plan

Nutun Limited
(formerly known as "Nutun Limited")
(Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06
JSE share code: NTU
ISIN: ZAE000167391
("Nutun" or "the Company")


ACCEPTANCE OF CONDITIONAL SHARES IN TERMS OF THE NUTUN CONDITIONAL SHARE
PLAN

In compliance with the JSE Limited Listings Requirements ("Listings Requirements"), notification is hereby
given that the following directors and company secretary of the Company and directors of its major
subsidiaries have accepted a conditional right to Nutun shares issued in terms of the Nutun Conditional Share
Plan ("CSP"). All CSP awards have a strike price of Rnil and a four-year vesting period in total.

Clearances in terms of the Listings Requirements were obtained in each instance.

 Name of director                                            Rob Huddy
 Name of company                                             Nutun Limited
 Date transaction was effected                               5 December 2025
 Class of security                                           CSP awards in respect of ordinary shares
 Number of Nutun Limited shares to be delivered              3 336 362
 Deemed value per Nutun Limited share*                       R0.85
 Deemed total value of transaction                           R2 846 250
 Nature of transaction                                       Off market acceptance of CSP awards
 Nature of Interest                                          Direct beneficial

 Name of company secretary                                   Jerain Naidoo
 Name of company                                             Nutun Limited
 Date transaction was effected                               5 December 2025
 Class of security                                           CSP awards in respect of ordinary shares
 Number of Nutun Limited shares to be delivered              1 424 218
 Deemed value per Nutun Limited share*                       R0.85
 Deemed total value of transaction                           R1 215 000
 Nature of transaction                                       Off market acceptance of CSP awards
 Nature of Interest                                          Direct beneficial

 Name of director                                            Ruben Moggee
 Name of company                                             Nutun Holdings Proprietary Limited
 Date transaction was effected                               5 December 2025
 Class of security                                           CSP awards in respect of ordinary shares
 Number of Nutun Limited shares to be delivered              5 274 880
 Deemed value per Nutun Limited share*                       R0.85
 Deemed total value of transaction                           R4 500 000
 Nature of transaction                                       Off market acceptance of CSP awards
 Nature of Interest                                          Direct beneficial
 
 Name of director                                            Robert Amoils
 Name of company                                             Nutun Holdings Proprietary Limited
 Date transaction was effected                               5 December 2025
 Class of security                                           CSP awards in respect of ordinary shares
 Number of Nutun Limited shares to be delivered              4 395 733
 Deemed value per Nutun Limited share*                       R0.85
 Deemed total value of transaction                           R3 750 000
 Nature of transaction                                       Off market acceptance of CSP awards
 Nature of Interest                                          Direct beneficial

 Name of director                                            Ruan Aldum
 Name of company                                             Nutun Business Services South Africa
                                                             Proprietary Limited
 Date transaction was effected                               5 December 2025
 Class of security                                           CSP awards in respect of ordinary shares
 Number of Nutun Limited shares to be delivered              1 324 204
 Deemed value per Nutun Limited share*                       R0.85
 Deemed total value of transaction                           R1 129 678
 Nature of transaction                                       Off market acceptance of CSP awards
 Nature of Interest                                          Direct beneficial

 Name of director                                            Carl de Villiers
 Name of company                                             Nutun CX Proprietary Limited
 Date transaction was effected                               5 December 2025
 Class of security                                           CSP awards in respect of ordinary shares
 Number of Nutun Limited shares to be delivered              1 919 705
 Deemed value per Nutun Limited share*                       R0.85
 Deemed total value of transaction                           R1 637 701
 Nature of transaction                                       Off market acceptance of CSP awards
 Nature of Interest                                          Direct beneficial

 Name of director                                            Mohammed Gafoor
 Name of company                                             Nutun CX Proprietary Limited
 Date transaction was effected                               5 December 2025
 Class of security                                           CSP awards in respect of ordinary shares
 Number of Nutun Limited shares to be delivered              1 503 341
 Deemed value per Nutun Limited share*                       R0.85
 Deemed total value of transaction                           R1 282 500
 Nature of transaction                                       Off market acceptance of CSP awards
 Nature of Interest                                          Direct beneficial

*Deemed value price calculated based on 10-day VWAP price ended 4 December 2025.

Sandton
8 December 2025

JSE equity sponsor:
Investec Bank Limited

Enquiries:
IR@nutun.com

Date: 08-12-2025 12:31:00
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