REMGRO LIMITED - Update on the acquisition of an interest in Maziv by Vodacom

Update on the acquisition of an interest in Maziv by Vodacom

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN ZAE000026480
JSE and A2X share code REM
("Remgro")

UPDATE ON THE ACQUISITION OF AN INTEREST IN MAZIV BY VODACOM

Shareholders are referred to the announcement on SENS on
10 November 2021 and further updates on 15 May 2023, 10 August
2023, 28 November 2023, 29 October 2024, 26 November 2024,
29 November 2024, 9 December 2024, 15 January 2025, 14 February
2025 and 14 March 2025. These announcements set out details of
Vodacom Proprietary Limited's ("Vodacom") proposed acquisition
of a 30% interest in a newly formed entity Maziv Proprietary
Limited ("Maziv") that would house all the material assets owned
by Community Investment Ventures Holdings Proprietary Limited,
including Vumatel Proprietary Limited and Dark Fibre Africa
Proprietary Limited (the "transaction").

On 6 March 2025 the Competition Appeal Court informed the transaction
parties that the hearing dates in respect of the transaction
have been reserved for 22 to 24 July 2025. The transaction
parties plan to submit their updated notice of intention to
appeal on Friday, 2 May 2025 after receiving the Competition
Tribunal's reasons for their decision.

As indicated in the announcement dated 14 March 2025, the
transaction parties extended the transaction long stop date to
30 April 2025. Shareholders are advised that the transaction
parties have subsequently agreed to further extend the
transaction long stop date to 23 May 2025.

Shareholders are also referred to the Vodacom announcement
published on SENS today.

Stellenbosch
30 April 2025

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 30-04-2025 05:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.