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Dealing in Securities by Directors and Company Secretary of the Company and by Directors of a Major Subsidiary
Valterra Platinum Limited
(previously Anglo American Platinum Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
JSE Share Code: VAL
LSE Share Code: VALT
JSE Debt Issuer Code: VALI
ISIN: ZAE000013181
Income tax number: 9575104717
("the Company" or "Valterra Platinum")
12 May 2026
DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF THE COMPANY AND BY
DIRECTORS OF A MAJOR SUBSIDIARY
Valterra Platinum discloses the allocation of conditional awards in terms of the company's Long-Term
Incentive Plan ("LTIP"). The LTIP awards are subject to certain stringent performance conditions. The
applicable vesting period is three years and is based on the fulfillment of pre-determined performance
conditions. The details of the LTIP are set out in the Remuneration Report contained within the 2025
Governance Report available on the company website – www.valterraplatinum.com.
Director and CEO : Craig Miller
Company : Valterra Platinum Limited
Date of Acceptance : 12 May 2026
Nature of transaction : Off-market acceptance of conditional awards granted on 8
May 2026
Class of securities : Ordinary shares
Number of securities : 12,043
Highest price traded on the day : R1,489.71
Lowest price traded on the day : R1,440.58
Volume weighted average price per share : R1,405.86
Transaction value : R 16,930,866.00
Vesting Period : Three years after the grant contingent on certain
performance conditions being met
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director and CFO : Sayurie Naidoo
Company : Valterra Platinum Limited
Date of Acceptance : 12 May 2026
Nature of transaction : Off-market acceptance of conditional awards granted on 8
May 2026
Class of securities : Ordinary shares
Number of securities : 5,378
Highest price traded on the day : R1,489.71
Lowest price traded on the day : R1,440.58
Volume weighted average price per share : R1,405.86
Transaction value : R 7,560,394.00
Vesting Period : Three years after the grant contingent on certain
performance conditions being met
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Agit Singh
Company : Rustenburg Platinum Mines Limited (a major subsidiary)
Date of Acceptance : 12 May 2026
Nature of transaction : Off-market acceptance of conditional awards granted on 8
May 2026
Class of securities : Ordinary shares
Number of securities : 4,800
Highest price traded on the day : R1,489.71
Lowest price traded on the day : R1,440.58
Volume weighted average price per share : R1,405.86
Transaction value : R 6,748,801.00
Vesting Period : Three years after the grant contingent on certain
performance conditions being met
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Willem Theron
Company : Rustenburg Platinum Mines Limited (a major subsidiary)
Date of Acceptance : 12 May 2026
Nature of transaction : Off-market acceptance of conditional awards granted on 8
May 2026
Class of securities : Ordinary shares
Number of securities : 4,990
Highest price traded on the day : R1,489.71
Lowest price traded on the day : R1,440.58
Volume weighted average price per share : R1,405.86
Transaction value : R 7,015,750.00
Vesting Period : Three years after the grant contingent on certain
performance conditions being met
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Yvonne Mfolo
Company : Rustenburg Platinum Mines Limited (a major subsidiary)
Date of Acceptance : 12 May 2026
Nature of transaction : Off-market acceptance of conditional awards granted on 8
May 2026
Class of securities : Ordinary shares
Number of securities : 4,404
Highest price traded on the day : R1,489.71
Lowest price traded on the day : R1,440.58
Volume weighted average price per share : R1,405.86
Transaction value : R 6,191,055.00
Vesting Period : Three years after the grant contingent on certain
performance conditions being met
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Virginia Tyobeka
Company : Rustenburg Platinum Mines Limited (a major subsidiary)
Date of Acceptance : 12 May 2026
Nature of transaction : Off-market acceptance of conditional awards granted on 8
May 2026
Class of securities : Ordinary shares
Number of securities : 4,376
Highest price traded on the day : R1,489.71
Lowest price traded on the day : R1,440.58
Volume weighted average price per share : R1,405.86
Transaction value : R 6,152,532.00
Vesting period : Three years after the grant contingent on certain
performance conditions being met
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Martin Poggiolini
Company : Rustenburg Platinum Mines Limited (a major subsidiary)
Date of Acceptance : 12 May 2026
Nature of transaction : Off-market acceptance of conditional awards granted on 8
May 2026
Class of securities : Ordinary shares
Number of securities : 4,126
Highest price traded on the day : R1,489.71
Lowest price traded on the day : R1,440.58
Volume weighted average price per share : R1,405.86
Transaction value : R 5,801,148.00
Vesting Period : Three years after the grant contingent on certain
performance conditions being met
Nature of interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : Fiona Edmundson
Company : Valterra Platinum Limited
Date of Acceptance : 12 May 2026
Nature of transaction : Off-market acceptance of conditional awards granted on 8
May 2026
Class of securities : Ordinary shares
Number of securities : 1,321
Highest price traded on the day : R1,489.71
Lowest price traded on the day : R1,440.58
Volume weighted average price per share : R1,405.86
Transaction value : R1,856,802.00
Vesting Period : Three years after the grant contingent on certain
performance conditions being met
Nature of interest : Direct beneficial
Clearance obtained : Yes
The number of shares awarded is determined by the 10-day volume weighted average price immediately prior
to the award date of 8 May 2026.
JSE equity sponsor:
Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
JSE debt sponsor:
The Standard Bank of South Africa Limited
For further information, please contact:
Company Secretary
Fiona Edmundson
fiona.edmundson@valterraplatinum.com
Investors:
Leroy Mnguni
leroy.mnguni@valterraplatinum.com
Marcela Grochowina
marcela.grochowina@valterraplatinum.com
Media:
Cindy Maneveld
cindy.maneveld@valterraplatinum.com
ABOUT VALTERRA PLATINUM
Valterra Platinum is one of the world's leading integrated producers of platinum group metals (PGMs) with a
primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange.
We operate world class, long-life mines and the industry's most efficient processing assets, responsibly
mining, smelting, and refining PGMs and associated co-products from operations located in South Africa and
Zimbabwe. With integrated marketing hubs in London, Singapore and Shanghai, we deliver tailored solutions
for our customers. We continue to integrate sustainability into everything we do, invest in our mining and
processing capabilities and advance market development initiatives to grow and commercialise new demand
segments. We make a meaningful impact in the communities where we operate and remain committed to
delivering consistent and superior returns to shareholders. Guided by our purpose of unearthing value to
better our world, we are committed to zero harm, disciplined capital allocation and delivery on our value-
accretive strategic priorities.
Date: 12-05-2026 05:30:00
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