REUNERT LIMITED - Dealings in securities

Dealings in securities

REUNERT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06)
ISIN: ZAE000057428
Share code: RLO
(“Reunert” or the “Company” or the “Group”)

DEALINGS IN SECURITIES

In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings
Requirements (“Listings Requirements”), the following transactions by directors of Reunert in terms
of the Reunert 2019 Conditional Share Plan (“CSP”), (“Participants”), are hereby disclosed.

In accordance with the rules of the CSP (“Rules”), the allocation of awards in the table below was
approved on 28 September 2020, on behalf of the Company’s Remuneration Committee. The below
stated CSP awards entitle Participants to Reunert ordinary shares (“Shares”) in the future, to the
extent that employment and performance conditions are met over a 4 year period.

The nature and extent of the interest of Participants is direct beneficial. The following CSP awards
were allocated to the Participants, off-market, and the prescribed clearance to trade was received:

                           CSP awards – subject to remaining      Indicative transaction value*, based
                              with the Group and performance             on the Company’s 20-day VWAP,
                            conditions measured over 4 years         as at 25 September 2020 at R31.60
                                                                                            per share*



 AE Dickson                                          391 040                               R12 356 864
 M Moodley                                           121 790                                R3 848 564
 NA Thomson                                          225 000                                R7 110 000

* The transaction value relating to the CSP units is only indicative and is subject to performance
conditions. The actual transaction values will only be determinable when the CSP awards vest, in
accordance with the Rules, at the end of the 4-year performance period.

Reunert shareholders are further advised that a hedging transaction was entered into between
Reunert and Investec Bank Limited (“Investec”), an independent third party, on behalf of the CSP,
pursuant to which the CSP will hedge the potential obligation to deliver the Shares to a Participant in
the future, pursuant to the Rules (the “Hedging Transaction”).

The maximum number of Shares to be purchased on behalf of the CSP pursuant to the Hedging
Transaction shall not exceed 2 346 930 Shares, which may not be purchased at a price greater than
10% above the volume weighted average price of Shares over the five preceding trading days. The
purchase of Shares will take place pursuant to a purchase programme which has been put in place in
accordance with the Listings Requirements.



Sandton
30 September 2020
Sponsor
One Capital

Date: 30-09-2020 05:00:00
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