DENEB INVESTMENTS LIMITED - Exercise Of Options By Director In Terms Of The Deneb Investments Share Scheme And Dealing In Shares By Director And Associate Of A Director

Exercise Of Options By Director In Terms Of The Deneb Investments Share Scheme And Dealing In Shares By Director And Associate Of A Director

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
(“Deneb” or the “Company”)

EXERCISE OF OPTIONS BY DIRECTOR IN TERMS OF THE DENEB INVESTMENTS
SHARE SCHEME AND DEALING IN SHARES BY DIRECTOR AND ASSOCIATE OF A
DIRECTOR

In compliance with the JSE Limited Listings Requirements, the following information regarding
the exercise of options and the related settlement thereof in terms of the Deneb Investments
Employee Share Scheme (2017) is disclosed:

 NAME OF DIRECTOR                           G D T Wege

 COMPANY OF WHICH A DIRECTOR                Deneb Investments Limited

 STATUS: EXECUTIVE/NON-                     Executive
 EXECUTIVE

 TYPE OF SECURITIES                         Ordinary shares
 NATURE OF TRANSACTION                      Exercise of options in terms of the Deneb
                                            Investments Employee Share Scheme (2017)
                                            and related net-equity settlement by way of the
                                            award of 390,561 ordinary shares to the director
                                            (off-market transaction) (1)
                                            Exercise of options in terms of the Deneb
                                            Investments Employee Share Scheme (2017)
                                            and related net-equity settlement by way of the
                                            award of 248,083 ordinary shares to the director
                                            (off-market transaction) (2)

 DATE OF EXERCISE OF OPTIONS                16 September 2026 (1 and 2)
 VESTING DATE OF OPTIONS                    (1)
 EXERCISED
                                            10% vested on 29 June 2023
                                            20% vested on 29 June 2024
                                            30% vested on 29 June 2025
                                            40% vested on 29 June 2026
                                            (2)
                                            10% vested on 28 June 2024
                                            20% vested on 28 June 2025
                                            30% vested on 28 June 2026


 PERIOD OF EXERCISE                         Participants must exercise options within 5 years
                                            from the grant date (1 and 2)
 OPTION STRIKE PRICE                     168 cents (1)
                                         167 cents (2)

 NUMBER OF OPTIONS EXERCISED             966,126 (1)
                                         608,343 (2)

 TOTAL RAND VALUE OF NET-                R1,097,476 (based on the 15 September 2026
 EQUITY SETTLED SECURITIES               closing share price) (1)
                                         R697,113 (based on the 15 September 2026
                                         closing share price) (2)

 NATURE AND EXTENT OF INTEREST           Direct, beneficial (1 and 2)
 IN THE TRANSACTIONS

In compliance with the JSE Listings Requirements, the following information is disclosed
regarding the dealings in the Company’s securities:

1.
 NAME OF DIRECTOR                        G D T Wege

 COMPANY OF WHICH A DIRECTOR             Deneb Investments Limited

 STATUS: NON-EXECUTIVE                   Executive

 TYPE AND CLASS OF SECURITIES            Ordinary shares

 NATURE OF DEALING                       Sale of shares by a director (off-market
                                         transaction)

 DATE OF DEALING                         15 September 2026

 PRICE PER SECURITY                      R2,80 per share

 NUMBER OF SECURITIES                    330,000
 TRANSACTED

 TOTAL RAND VALUE OF SECURITIES          R924,000.00
 TRANSACTED

 NATURE AND EXTENT OF INTEREST           Direct, beneficial
 IN THE DEALING



2.
 NAME OF DIRECTOR                        J A Copelyn

 COMPANY OF WHICH A DIRECTOR             Deneb Investments Limited

 STATUS: NON-EXECUTIVE                   Non-executive

 TYPE AND CLASS OF SECURITIES            Ordinary shares
 NATURE OF DEALING                        Purchase of shares by an associate of a director
                                          (off-market transaction)
 DATE OF DEALING                          15 September 2026

 PRICE PER SECURITY                       R2,80 per share

 NUMBER OF SECURITIES                     330,000
 TRANSACTED

 TOTAL RAND VALUE OF SECURITIES           R924,000.00
 TRANSACTED

 NAME OF ASSOCIATE                        Rivetprops 47 (Pty) Ltd

 RELATIONSHIP WITH DIRECTOR               Subsidiary of a family trust of the director

 NATURE AND EXTENT OF INTEREST            Indirect, non-beneficial
 IN THE DEALING

Clearance for the above was obtained in terms of the JSE Limited Listings Requirements.

Cape Town
16 September 2026

Sponsor
PSG Capital
Date: 16/09/2026 04:30:00
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.