PBT HOLDINGS LIMITED - General Repurchase of Shares

General Repurchase of Shares

PBT Holdings Limited
(formerly PBT Group Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1936/008278/06)
Share Code: PBT ISIN: ZAE000256319
Main Board – General Segment
("PBT Holdings" or "the Company")


GENERAL REPURCHASE OF SHARES

In accordance with the provisions of the Company's Memorandum of Incorporation ("MOI") and the
Company's listing in the General Segment of the Main Board of the JSE Limited ("JSE"), with effect from
18 October 2024, the Company has, during September 2025 to March 2026, in terms of paragraph 2.63(d)
of the JSE Listings Requirements repurchased on the open market at market price 3 413 934 shares,
representing 3.24% of the shares that were in issue as at the beginning of the Company's financial year,
being 1 April 2025, ("General Repurchase").

The aforementioned ordinary shares were repurchased for an aggregate value of R22 930 106 (including
transaction costs), funded out of the Group's available cash resources, as follows:


                     Aggregate                                                Average        Aggregate
                     number of           Highest price       Lowest price     price per      value
                     ordinary            per ordinary        per ordinary     ordinary       (excluding
 Date of             shares              share               share            share          transaction
 repurchases         repurchased         repurchased         repurchased      repurchased    costs)


 September
 2025 to               3 413 934             R6.80               R6.10           R6.69        R 22 846 105
 March 2026



The repurchases were made in accordance with the Company's MOI and the Company' listing in the General
Segment of the Main Board of the JSE and were effected through the order book operated by the JSE trading
system without any prior understanding or arrangement between the Company and the counterparties.

The Group repurchased 2 226 114 of the company's shares at an average cost of R6.80 per share, for the
amount of R15 193 033 (including transaction costs), during the prohibited period prior to publication of its
2025 interim results, pursuant to repurchase programme which was put in place prior to commencement of
the prohibited period in accordance with the JSE Listings Requirements.

The Company may repurchase up to a further 7 133 820 ordinary shares (6.76%) of the ordinary shares in
issue as at the beginning of the Company's financial year, in terms of the current general authority, which is
valid until the beginning of the Company's next financial year.

As at the date of this announcement, the Group held 5 316 585 shares in various Broad-based Black
Economic Empowerment (B-BBEE) and staff vehicles, which are treated as treasury shares and
consolidated for IFRS purposes only.

All the shares that have been repurchased have been or will be cancelled and delisted. As a result of the
repurchases the Group's cash balances decreased by R22 930 106 (including transaction costs of R84 001)
and the repurchases had or will have the effect of reducing the number of shares in issue used for purposes
of the earnings per share and headline earnings per share calculations by an additional 3 413 934 shares,
which will be weighted according to the dates of the various repurchases.
OPINION OF THE BOARD

The Board has considered the effect of the repurchases and is of the opinion that, for a period of 12 months
following the date of this announcement:

•   the Company and the Group will be able, in the ordinary course of business, to repay their debts;
•   the consolidated assets of the Company and the Group will be in excess of the consolidated liabilities
    of the Company and the Group;
•   the Company's and the Group's share capital and reserves will be adequate for the ordinary business
    purposes of the Company and the Group; and
•   the Company and the Group will have sufficient working capital for ordinary business purposes.



Cape Town

24 March 2026

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 24-03-2026 04:31:00
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.