REMGRO LIMITED - Acceptance of awards by executive directors, prescribed officers and company secretary

Acceptance of awards by executive directors, prescribed officers and company secretary

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
(ISIN: ZAE000026480)
(JSE and A2X Share code: REM)
("Remgro")

ACCEPTANCE OF AWARDS BY EXECUTIVE DIRECTORS, PRESCRIBED OFFICERS AND COMPANY SECRETARY

Ordinary shares with performance conditions under the Conditional Share Plan ("Performance CSPs") were
awarded to Executive Directors and Prescribed Officers and ordinary shares with retention conditions under
the Retention Conditional Share Plan ("Retention CSPs") were awarded to the Company Secretary of Remgro
on 1 April 2026 at a grant price of R185.10 per ordinary share, representing the 5-day volume weighted
average price of a Remgro ordinary share up to 31 March 2026. The off-market acceptance of the grant of the
Performance CSPs by the Executive Directors and Prescribed Officers and the Retention CSPs by the
Company Secretary occurred on 1 April 2026.

Shareholders are advised of the following information relating to the 2025 awards and acceptance thereof:

 EXECUTIVE DIRECTOR               NUMBER OF PERFORMANCE               DEEMED VALUE OF
                                  CSPs                                TRANSACTION

 Mr J J Durand                    295 013                             R54 606 906.30
 Mrs M Lubbe                      91 083                              R16 859 463.30
 Mr C P F Vosloo                  125 647                             R23 257 259.70
 Mr N J Williams                  127 418                             R23 585 071.80

 PRESCRIBED OFFICER               NUMBER OF RETENTION CSPs            DEEMED VALUE OF
                                                                      TRANSACTION

 Mr P R Louw                      68 967                              R12 765 791.70

 COMPANY SECRETARY                NUMBER OF RETENTION CSPs            DEEMED VALUE OF
                                                                      TRANSACTION

 Mr L J Joubert                   12 430                              R2 300 793.00

The purpose of the Performance CSPs and the Retention CSPs is to incentivise, motivate and retain the
appropriate caliber of employees by awarding employees with shares as remuneration and the opportunity to
share in the success of Remgro.

The vesting of the Performance CSPs and the Retention CSPs will be subject to the satisfaction of the
Performance Conditions and/or Employment Conditions, where applicable, as determined by the
Remuneration and Nomination Committee ("Vesting Conditions"). The Performance Conditions comprise the
achievement of specific financial measures, which include Total Return, Total Shareholder Return, Headline
Earnings per Share, Growth in Free Cash Flow, ESG measures and Individual Performance Conditions.

Provided that the Vesting Conditions have been met, the Performance CSPs and Retention CSPs will vest as
follows:
       -    up to one third on 5 December 2028;
       -    up to another third on 5 December 2029;
       -    the remaining portion on 5 December 2030; and
       -    on vesting of the Performance CSPs and Retention CSPs, dividend equivalents will be
            converted to additional shares.

All interests are direct beneficial and the clearance for the individual acceptance of all the allocations has been
given.

Stellenbosch
2 April 2026

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

Date: 02-04-2026 02:03:00
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