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Acceptance of Conditional Shares in terms of the WeBuyCars Conditional Share Plan
WE BUY CARS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 2020/632225/06
JSE Share code: WBC
ISIN: ZAE000332789
("WeBuyCars" or "the Company")
ACCEPTANCE OF CONDITIONAL SHARES IN TERMS OF THE WEBUYCARS CONDITIONAL SHARE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following
information regarding the acceptance of conditional rights to WeBuyCars shares in terms of the
WeBuyCars Conditional Share Plan ("WBC CSP"), by executive directors, a director of a major
subsidiary and the company secretary is disclosed:
NAME OF DIRECTOR ASS van der Walt
COMPANY OF WHICH A DIRECTOR We Buy Cars Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive director
TYPE AND CLASS OF SECURITIES WBC CSP awards in respect of ordinary
shares
DATE OF TRANSACTION 5 December 2025
PRICE PER SECURITY R44.95 (note 1)
NUMBER OF WEBUYCARS SHARES TO BE 254 235
DELIVERED
DEEMED TOTAL VALUE OF TRANSACTION R11 427 863.25
NATURE OF TRANSACTION Off market acceptance of WBC CSP
awards which vest equally in three
tranches in November 2028, 2029 and
2030 subject to certain performance
conditions.
NATURE AND EXTENT OF INTEREST IN THE Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
NAME OF DIRECTOR DJF van der Walt
COMPANY OF WHICH A DIRECTOR We Buy Cars Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive director
TYPE AND CLASS OF SECURITIES WBC CSP awards in respect of ordinary
shares
DATE OF TRANSACTION 5 December 2025
PRICE PER SECURITY R44.95 (note 1)
NUMBER OF WEBUYCARS SHARES TO BE 126 478
DELIVERED
DEEMED TOTAL VALUE OF TRANSACTION R5 685 186.10
NATURE OF TRANSACTION Off market acceptance of WBC CSP
awards which vest equally in three
tranches in November 2028, 2029 and
2030 subject to certain performance
conditions.
NATURE AND EXTENT OF INTEREST IN THE Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
NAME OF DIRECTOR CJ Rein
COMPANY OF WHICH A DIRECTOR We Buy Cars Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive director
TYPE AND CLASS OF SECURITIES WBC CSP awards in respect of ordinary
shares
DATE OF TRANSACTION 5 December 2025
PRICE PER SECURITY R44.95 (note 1)
NUMBER OF WEBUYCARS SHARES TO BE 95 867
DELIVERED
DEEMED TOTAL VALUE OF TRANSACTION R4 309 221.65
NATURE OF TRANSACTION Off market acceptance of WBC CSP
awards which vest equally in three
tranches in November 2028, 2029 and
2030 subject to certain performance
conditions.
NATURE AND EXTENT OF INTEREST IN THE Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
NAME OF DIRECTOR J Mills
COMPANY OF WHICH A DIRECTOR We Buy Cars Proprietary Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive director of a major subsidiary
TYPE AND CLASS OF SECURITIES WBC CSP awards in respect of ordinary
shares
DATE OF TRANSACTION 5 December 2025
PRICE PER SECURITY R44.95 (note 1)
NUMBER OF WEBUYCARS SHARES TO BE 86 254
DELIVERED
DEEMED TOTAL VALUE OF TRANSACTION R3 877 117.30
NATURE OF TRANSACTION Off market acceptance of WBC CSP
awards which vest equally in three
tranches in November 2028, 2029 and
2030 subject to certain performance
conditions.
NATURE AND EXTENT OF INTEREST IN THE Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
NAME OF COMPANY SECRETARY PJC Vorster
COMPANY OF WHICH AN OFFICER We Buy Cars Holdings Limited
TYPE AND CLASS OF SECURITIES WBC CSP awards in respect of ordinary
shares
DATE OF TRANSACTION 5 December 2025
PRICE PER SECURITY R44.95 (note 1)
NUMBER OF WEBUYCARS SHARES TO BE 5 562
DELIVERED
DEEMED TOTAL VALUE OF TRANSACTION R250 011.90
NATURE OF TRANSACTION Off market acceptance of WBC CSP
awards which vest equally in three
tranches in November 2028, 2029 and
2030 subject to certain performance
conditions.
NATURE AND EXTENT OF INTEREST IN THE Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
Notes:
1. The ten-day volume-weighted average price of WeBuyCars shares as at 28 November 2025.
Centurion
8 December 2025
Joint Sponsors to WeBuyCars
PSG Capital Pallidus Exchange Services
Date: 08-12-2025 04:00:00
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