SUMMIT ISSUER (RF) LIMITED - ADDITIONAL LISTING OF PREFERENCE SHARE IN THE PREFERENCE SHARE SECTOR - SDM001

ADDITIONAL LISTING OF PREFERENCE SHARE IN THE PREFERENCE SHARE SECTOR - SDM001

Summit Issuer (RF) Limited
Company Registration number: 2025/552928/06
JSE Share Code: SDM001
JSE Issuer code: SUMH
ISIN: ZAE000355855
LEI Number: 37890IWGVWPEI2SAMM62

SUMMIT ISSUER (RF) LIMITED: ADDITIONAL LISTING OF PREFERENCE SHARE IN THE
PREFERENCE SHARE SECTOR

Following the establishment of "Transaction 1" under the Issuer's master programme
memorandum dated 22 February 2022 ("Original Master Programme Memorandum"), the
amended and restated master programme memorandum ("Master Programme Memorandum")
dated 3 November 2025 and the Applicable Issuer Supplement issued by the Issuer dated 3
November 2025 through the listing of 25 293 Class A Programme Preference Shares on 15
December 2025 ("the listing date") in the "Preference Share" sector of the Main Board with the
abbreviated name "SUMPREF01, investors are herewith advised that, following a successful
private placement, the JSE has approved the listing of 56 143 additional Class 1A Programme
Preference Shares, with e`ect from Wednesday, 18 February 2026 ("the listing date") in the
"Preference Share" sector of the Main Board with the abbreviated name "SUMPREF01".


Salient features of the Class 1A Redeemable Preference Shares are detailed below:

Instrument code                        SDM001
Instrument number                      124846
Instrument                             Non-cumulative, redeemable preference share
Aggregate Issue Price                  R 587,648,781.00
Issue price per share                  R10,467 (1,000,000 cents per share)
Denomination per Programme             R10,000 with a minimum aggregate Subscription
Preference Share                       Amount of not less than ZAR1,000,000 per single
                                       Programme Preference Share Subscriber

Issue date                             18 February 2026
Dividend Amount per Programme          The amount available for distribution to the holders of
Preference Share                       the Class A Programme Preference Shares per item 6
                                       of the Pre-Redemption Event Priority of Payments
                                       divided by the number of Class A Programme
                                       Preference Shares then in issue

Dividend commencement                  Dividends are paid ad-hoc - Distributions received from
Date                                   UK Bidco will be distributed to the Programme
                                       Preference Shareholders in the form of dividends

Business day convention                Following


Authorised share capital               1,000,000 ordinary shares with no par value
                                       1,000,000 cumulative redeemable preference shares
                                       with no par value
                                       918,564 unclassified shares with no par value
                                       81,436 Programme Preference Shares

 Issued Share capital                  100 ordinary share with no par value
                                       2 cumulative redeemable preference shares (with no
                                       par value (R 613,349)
                                       81,436 Programme Preference Shares ( R 252,930,000)


 Total amount in issue, after
 this issuance                         R 840,578,781.00


 Final Redemption Amount              Per Condition 8 (Redemption and Purchases)
 Redemption at the option of          Yes, pursuant to Condition 8.2 (Early redemption at the
 the Issuer                           option of the Issuer), upon repayment or prepayment
                                      by the Borrower of all or a portion of the Participating
                                      Assets

 Final Redemption Date                16 December 2030

Use of Funds                          The Issuer shall issue the Programme Preference
                                      Shares and use the subscription proceeds received to
                                      acquire the Participating Assets and to fund the
                                      Transaction Expense Reserve on the Issue Date, as
                                      more fully described in the amended and restated
                                      Applicable Pricing Supplement dated 13 February
                                      2026.
 Additional Terms and
 conditions to the
 Programme Memorandum                 Private Placement, and the condition per paragraph 39
                                      of the Applicable Pricing Supplement

 Issuer                               Summit Issuer (RF) Limited

 Address of Issuer                    1st floor, 32 Fricker Road, Illovo Boulevard, Illovo, 2196

 Transfer office address              1st floor, 32 Fricker Road, Illovo Boulevard, Illovo, 2196

 Date of incorporation of Issuer      10 July 2025

 HFI documentation                    1st floor, 32 Fricker Road, Illovo Boulevard, Illovo, 2196


 17 February 2026
 Johannesburg

 Sponsor:
 Redinc Capital (Pty) Ltd

Date: 17-02-2026 02:45:00
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