Notification of managers’ transaction Reinet Investments S.C.A. (Incorporated in Luxembourg) ISIN: LU0383812293 Code: RNI LEI: 0307021141926639 Notification of managers' transaction Pursuant to the European Union regulation on market abuse, which requires that persons discharging managerial responsibilities within an issuer as well as persons closely associated with them shall notify the issuer of certain transactions, Reinet Investments S.C.A. (the "Company") has been notified that Mr Frederik Wilhelm van Zyl, a director of Reinet Investments Manager S.A., the general partner of the Company and a person closely associated with family trusts sold ordinary shares of the Company. The Company is required, pursuant to section 18.19 of the JSE Listings Requirements, to announce on SENS the equivalent information that is made publicly available on the Luxembourg Stock Exchange. As a consequence, the following information is disclosed: On 15 September 2020, the Company has been notified that Mr Frederik Wilhelm van Zyl, a director of Reinet Investments Manager S.A., the general partner of the Company, sold 18 061 ordinary shares of the Company at a price of ZAR 296.57 per share on the Johannesburg Stock Exchange on 14 September 2020. On 15 September 2020, the Company has been notified that a family trust associated with Mr Frederik Wilhelm van Zyl sold 3 100 ordinary shares of the Company at a price of ZAR 295.51 per share on the Johannesburg Stock Exchange on 14 September 2020. On 15 September 2020, the Company has been notified that a family trust associated with Mr Frederik Wilhelm van Zyl sold 4 990 ordinary shares of the Company at a price of ZAR 295.50 per share on the Johannesburg Stock Exchange on 14 September 2020. Reinet Investments Manager SA for and on behalf of Reinet Investments SCA Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) 16 SEPTEMBER 2020 Reinet Investments S.C.A. (the 'Company') is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on Securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S., a specialised investment fund also incorporated in Luxembourg. The Company's ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange, the listing on the Johannesburg Stock Exchange is a secondary listing. The Company's ordinary shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange. Reinet Investments S.C.A. R.C.S. Luxembourg B 16.576 Registered office: 35, boulevard Prince Henri, L-1724 Luxembourg, Tel. (+352) 22 42 10 Fax (+352) 22 72 53 Email: info@reinet.com website: www.reinet.com Date: 16-09-2020 03:00:00 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.