General Repurchase of Shares Transpaco Limited Incorporated in the Republic of South Africa (Registration number 1951/000799/06) Tax number 9975112716 JSE Share Code: TPC ISIN: ZAE000007480 (“Transpaco” or “the Company”) GENERAL REPURCHASE OF SHARES 1. INTRODUCTION The board of directors of the Company ("Board") hereby, in term of paragraph 11.27 of the Listings Requirements of the JSE Ltd (“JSE”), advises shareholders that the Company, in accordance with the general authority granted by shareholders at the Company’s annual general meeting held on Tuesday, 4 December 2020 (“General Authority”), has cumulatively repurchased from shareholders, through the order book operated by the JSE, and in a series of unrelated transactions without any prior understanding or arrangement between the Company and these shareholders, 1 046 876 ordinary shares (“Shares”) in the aggregate, representing 3.18% of the Company's issued share capital at the date that the authority was given (excluding treasury Shares) ("Repurchase"). The Company reached the 3% repurchase threshold, provided for in the Listings Requirements of the JSE, on 21 April 2021, hence requiring the publication of this announcement. 2. DETAILS OF REPURCHASES Dates of Repurchase: Commenced from 21 April 2021 Highest price per Share R 15.00 Lowest price per Share R 15.00 Number of Shares repurchased 1 046 876 Total value of Shares repurchased R 15 703 140 The number of Shares which may still be repurchased 5 530 395 by the Company in terms of the General Authority The percentage of Shares which may still be repurchased by the Company in terms of the General 16.82% Authority Total Shares in issue 32 886 359 Number of treasury shares before the Repurchase 0 (0% of total issued share capital) Number of treasury shares after the Repurchase 1 046 876 (3.18% of total issued shares) 3. STATEMENT BY THE BOARD The Board has considered the effect of the Repurchase and is of the opinion that, for a period of 12 months following the date of the Repurchase: - the Company and its subsidiaries (the “group”) will be able in the ordinary course of business to pay its debts; - the assets of the Company and the group will be in excess of the liabilities of the Company and the group. For this purpose, the assets and liabilities were recognised and measured in accordance with the accounting policies used in the latest audited annual group financial statements; - the share capital and reserves of the Company and the group will be adequate for ordinary business purposes; - the working capital of the Company and the group will be adequate for ordinary - business purposes; and - the Company and the group have passed the solvency and liquidity test and since the test was performed, there have been no material changes to the financial position of the group. 4. SOURCE OF FUNDS The Repurchase was funded from the Company's available cash resources. 5. FINANCIAL INFORMATION The Company’s cash balances decreased by R15,8 million as a result of the Repurchase. Interest will be foregone on the cash resources used to acquire the Repurchase Shares. 6. COMPLIANCE WITH PARAGRAPH 5.72 OF THE LISTINGS REQUIREMENTS The Repurchase was effected through the order book operated by the JSE and done without any prior understanding or arrangement between the Company and the counter parties. The Repurchase was not effected during any prohibited period and was not effected in terms a repurchase programme. Accordingly, the Company has complied with paragraph 5.72 (a) of the Listings Requirements of the JSE. Johannesburg 23 April 2021 Sponsor Investec Bank Limited Date: 23-04-2021 03:53:00 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.