REUNERT LIMITED - Transactions in relation to underlying securities

Transactions in relation to underlying securities

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

TRANSACTIONS IN RELATION TO UNDERLYING SECURITIES

Unless otherwise defined herein, capitalised words and terms contained in this announcement shall
bear the same meanings ascribed thereto in the announcement published on SENS on Tuesday,
23 November 2021 (“Announcement”) regarding, inter alia, the proposed restructure, extension and
increase of the Original BEE Transaction implemented by Reunert in 2007.

Reunert shareholders (“Shareholders”) are hereby advised that the agreement relating to the Peotona
Parties Exit, as detailed in the Announcement, was signed on 5 December 2021.

The agreement relates to the disposal by the Peotona Parties of an indirect interest in Reunert through
their 30% interest in Rebatona, the holding company of Bargenel. The repurchase agreement of all of
the Rebatona Shares held by the Peotona Parties was concluded for a total consideration of
R9.6 million, being 30% of the residual option value of the Original BEE Transaction at the date on
which the principles of the transaction were provisionally agreed (pending finalisation of the final
agreements between the Parties), as detailed in the Announcement.

The Bahedile Trust, the Cache Trust and the Selemo Family Trust (collectively, the “Trusts”) represent
approximately 85% of the Peotona Parties’ 30% shareholding in Rebatona and, as such, approximately
R8.2 million of the total consideration of R9.6 million relates to the Trusts. The Peotona Parties’ interest
in the Original BEE Transaction and the funding thereof through the Bargenel A Preference Shares
represents an indirect interest over the Reunert Shares held indirectly by Rebatona through Bargenel.
Accordingly, the implementation of the Peotona Parties Exit, in respect of the Trusts, constitutes
dealings by associates of a director of the Company.

Shareholders are therefore advised of the following transactions relating to securities, in terms of
paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings Requirements”):

Name of director:                            Advocate Noluthando Dorian Bahedile Orleyn
Class of securities:                         Ordinary shares in Rebatona
Transaction completed:                       Off-market
Nature and extent of interest:               Direct beneficial interest in Rebatona Shares resulting in an
                                             indirect interest in Reunert Shares
Clearance obtained in terms of paragraph     Yes
3.66 of the Listings Requirements

Transaction 1
Associate:                                   The Bahedile Trust, being an inter vivos trust established
                                             by Advocate Orleyn pursuant to the Original BEE
                                             Transaction for the purposes of holding her (and her
                                             family’s) interest in Rebatona, and of which Advocate
                                             Orleyn is a trustee and a beneficiary of
Number of Reunert Shares underlying the      1 554 000
above mentioned embedded option:
Total value:                                 R2 688 000.00

Transaction 2
Associate:                                   The Cache Trust, being an inter vivos trust established by
                                             Cheryl Ann Carolus for her benefit pursuant to the Original
                                             BEE Transaction for the purposes of holding her and her
                                             family’s interest in Rebatona, and of which Advocate Orleyn
                                             is a trustee
Number of Reunert Shares underlying the      1 609 500
above mentioned embedded option:
Total value:                                 R2 784 000.00

Transaction 3
Associate:                                   The Selemo Family Trust, being an inter vivos trust
                                             established by the late Dolly Doreen Mokgatle pursuant to
                                             the Original BEE Transaction for the purposes of holding
                                             her estate’s and her family’s interest in Rebatona, and of
                                             which Advocate Orleyn is the trustee
Number of Reunert Shares underlying the      1 554 000
above mentioned embedded option:
Total value:                                 R2 688 000.00


Johannesburg
6 December 2021

Sponsor
One Capital

Date: 06-12-2021 03:35:00
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