OUTsurance GROUP LIMITED - Dealings in securities by directors and by a director and company secretary of a major subsidiary

Dealings in securities by directors and by a director and company secretary of a major subsidiary

OUTsurance Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2010/005770/06)
ISIN: ZAE000314084
Share code: OUT
("OGL" or "the company")

DEALINGS IN SECURITIES BY DIRECTORS AND BY A DIRECTOR AND COMPANY
SECRETARY OF A MAJOR SUBSIDIARY

1. Dealing in securities by a director of the company

In compliance with the JSE Limited Listings Requirements,
shareholders are advised of the following dealing in securities by
a director of the company.

Director                      :   K Pillay
Company                       :   OGL
Date of transaction           :   9 April 2024
Nature of transaction         :   On-market acquisition of shares
Class of securities           :   OGL ordinary shares
Number of securities          :   13 969
Volume weighted average
acquisition price per share   :   4 173.3 cents
Highest price per share       :   4 180 cents
Lowest price per share        :   4 158 cents
Total value of transaction    :   R582 975
Nature of interest            :   Indirect beneficial
Clearance obtained            :   Yes

2. Acceptance of shares by directors of the company and by a
   director and company secretary of a major subsidiary of the
   company

As approved by OGL shareholders at the annual general meeting held
on 23 November 2023, the company implemented a new Conditional
Share Plan (CSP). In terms of the CSP, executive directors are
awarded performance shares annually, the vesting of which is
subject to the achievement of pre-determined, forward-looking
performance conditions and the fulfilment of the employment
condition for a period of three years from the award date. The
company secretary of a major subsidiary was awarded restricted
shares, the vesting of which is subject to the fulfilment of the
employment condition for a period of three years from the award
date. The deemed value per share was calculated as the 15-day
volume weighted average OGL share price as at 22 September 2023.

OGL shareholders are advised of the following acceptances of share
awards by directors of OGL and by a director and company secretary
of a major subsidiary of OGL.

Director                      :   MC Visser
Company                       :   OGL
Date of acceptance            :   10 April 2024
Nature of transaction         :   Off-market acceptance of award
                                  of shares in terms of the CSP
Class of securities           :   Performance shares linked to
                                  OGL ordinary shares in terms of
                                  the CSP vesting conditions
Vesting period                :   Three years from annual award
                                  date
Number of securities          :   286 499
Deemed value per share        :   4 049 cents
Total deemed value of         :   R11 600 338
transaction
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes

Director                      :   DH Matthee
Company                       :   OUTsurance Insurance Company
                                  Limited
Date of acceptance            :   10 April 2024
Nature of transaction         :   Off-market acceptance of award
                                  of shares in terms of the CSP
Class of securities           :   Performance shares linked to
                                  OGL ordinary shares in terms of
                                  the CSP vesting conditions
Vesting period                :   Three years from annual award
                                  date
Number of securities          :   230 313
Deemed value per share        :   4 049 cents
Total deemed value of         :   R9 325 393
transaction
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes

Director                      :   JH Hofmeyr
Company                       :   OGL
Date of acceptance            :   10 April 2024
Nature of transaction         :   Off-market acceptance of award
                                  of shares in terms of the CSP
Class of securities           :   Performance shares linked to
                                  OGL ordinary shares in terms of
                                  the CSP vesting conditions
Vesting period                :   Three years from annual award
                                  date
Number of securities          :   212 480
Deemed value per share        :   4 049 cents
Total deemed value of         :   R8 603 331
transaction
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes

Company secretary             :   ZM Waterston
Company                       :   OUTsurance Holdings Limited
Date of acceptance            :   10 April 2024
Nature of transaction         :   Off-market acceptance of award
                                  of shares in terms of the CSP
Class of securities           :   Restricted shares linked to OGL
                                  ordinary shares in terms of the
                                  CSP vesting conditions
Vesting period                :   Three years from annual award
                                  date
Number of securities          :   12 010
Deemed value per share        :   4 049 cents
Total deemed value of         :   R486 316
transaction
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes

Centurion
10 April 2024

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

Date: 10-04-2024 05:35:00
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