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Dealings in securities
REUNERT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06)
ISIN: ZAE000057428
JSE and A2X share code: RLO
("Reunert" or the "Company" or the "Group")
DEALINGS IN SECURITIES
In accordance with the requirements of paragraphs 3.63 to 3.66 of the JSE Limited Listings
Requirements, the following transactions by the executive directors and prescribed officers of the
Company, the Group company secretary and directors of major subsidiaries ("Officers") are hereby
disclosed.
Vesting of awards in terms of the Reunert Conditional Share Plan 2019 ("CSP") and subsequent
sale of vested ordinary shares in the Company ("Shares")
Shareholders of the Company are hereby advised of the:
• Shares vested in the Officers on 20 November 2025 in terms of the CSP, pursuant to the
performance awards allocated in November 2021, valued at R56.80 per Share, based on the 20-
day volume weighted average price ("VWAP") as at 19 November 2025 ("Share Price"); and
• subsequent sale of all or a portion of the vested Shares by Officers, in accordance with the normal
administrative processes of the CSP, wholly or partially in settlement of tax obligations, on
24 November 2025, on-market, at a price equal to the Share Price.
Officer Number of vested Value of vested Number of sale Value of sale
Shares Shares Shares Shares
Executive directors
AE Dickson 207 943 R11 811 162 96 694 R5 492 219
M Moodley 64 765 R3 678 652 64 765 R3 678 652
Prescribed officers
TC Raman 46 195 R2 623 876 21 481 R1 220 121
GW Eddey 46 677 R2 651 254 21 705 R1 232 844
Directors of major subsidiary (ATC Proprietary Limited)
L Corte 30 237 R1 717 462 14 061 R798 665
A Pooe 11 119 R631 559 11 119 R631 559
The nature and extent of the interest of the above Officers is direct beneficial and the prescribed
clearance to trade was received.
Allocation of awards
In accordance with the rules of the CSP ("Rules"), the allocation of awards as set out in the table below
was approved on 26 November 2025 on behalf of the Company's Remuneration Committee. The CSP
awards detailed below may entitle Officers to Shares in the future, to the extent that employment and
performance conditions are met over a 4-year and/or 5-year period.
The nature and extent of the interest of the Officers is direct beneficial. The following CSP awards were
allocated to, and accepted by, Officers, off-market, and the prescribed clearance to trade was received:
Participant CSP awards – subject to Indicative transaction value* of
conditions measured over a R56.80 per Share based on the
4-year and/or 5-year period Company's 20-day VWAP as at
19 November 2025
Executive directors
KM Kathan 138 342 R7 857 826
M Moodley 105 520 R5 993 536
Prescribed officers
T Raman 74 546 R4 234 213
GW Eddey 74 546 R4 234 213
Group company secretary
K Louw 5 093 R289 282
Directors of major subsidiary (ATC Proprietary Limited)
L Corte 25 000 R1 420 000
A Pooe 7 150 R406 120
* The transaction value relating to the CSP awards is indicative only, as vesting is subject to certain
conditions. The actual transaction values will only be determinable when the CSP awards vest, in
accordance with the Rules, at the end of the relevant period.
Sandton
26 November 2025
Sponsor
One Capital
Date: 26-11-2025 04:20:00
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