Dealings in securities REUNERT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1913/004355/06) ISIN: ZAE000057428 Share code: RLO (“Reunert” or the “Company”) DEALINGS IN SECURITIES In accordance with the requirements of paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, the following transactions by directors of Reunert and directors of a major subsidiary of Reunert (collectively “Participants”) are hereby disclosed. On 10 February 2020, at the annual general meeting of the Company, the shareholders approved the rules of the Reunert 2019 Conditional Share Plan (“CSP”). In accordance with the rules of the CSP, the allocation of awards in the table below were approved on 10 March 2020, on behalf of the Company’s Remuneration Committee. The CSP awards entitle Participants to Reunert ordinary shares in the future, if relevant employment and performance conditions are met over a 4 and/or 5 year period. The nature and extent of the interest of Participants is direct beneficial. The following CSP awards were allocated to the Participants, off-market, and the prescribed clearance to trade was received: CSP awards – subject CSP awards – Indicative transaction to remaining with the subject to remaining value*, based on the Reunert group and with the Reunert Company’s 20-day performance conditions group, 50% vesting volume weighted measured over 4 years after 4 years and 50% average price after 5 years (VWAP), as at 10 February 2020 of R62,6764* Executive directors of the Company AE Dickson 183 560 - R11 504 880 M Moodley 57 170 - R3 583 210 NA Thomson 105 620 - R6 619 881 Directors of Quince Capital (Pty) Ltd, a major subsidiary of the Company P Capa - 2 700 R169 226 S Gambu 10 800 - R676 905 Z Mahomed 21 600 - R1 353 810 JE Malaza - 1 612 R101 034 RP Steenkamp - 1 715 R107 490 * The transaction value relating to the CSP units is only indicative and is subject to conditions. The actual transaction values will only be determinable when the units vest, in accordance with the rules of the CSP, at the end of the relevant vesting period. Sandton 11 March 2020 Sponsor: One Capital Date: 11-03-2020 01:10:00 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.