SOUTHERN SUN LIMITED - Exercise of Share Appreciation Rights and Allotment of Southern Sun Ordinary Shares

Exercise of Share Appreciation Rights and Allotment of Southern Sun Ordinary Shares

Southern Sun Limited
Incorporated in the Republic of South Africa
Registration number 2002/006356/06
Share Code: SSU ISIN: ZAE000272522
("Southern Sun" or "the Company")

EXERCISE OF SHARE APPRECIATION RIGHTS AND ALLOTMENT OF SOUTHERN SUN ORDINARY SHARES

In compliance with Paragraphs 3.63 of the JSE Limited Listings Requirements, shareholders are advised that per
Southern Sun's Share Appreciation Rights Plan, Share Appreciation Rights ("SARs") have vested and were
exercised by the following director of the Company, to whom Southern Sun ordinary shares ("SSUs") have been
issued. The value of the SSUs issued is equal to the value of the appreciation of the awarded SARs over the
vesting period (net of tax).

Director                                Marcel Von Aulock
Designation                             Chief Executive Officer – Southern Sun Limited
Nature of transaction                   Off-market exercise of SARs and allotment of SSUs
Nature of interest                      Direct, beneficial*
Class of shares                         Ordinary SSU shares
Exercise date                           5 August 2024
Transaction date                        8 August 2024
Number of SSU                           2 071 737
Exercise price                          R6.1234
Transaction value                       R12 686 074.35
Clearance obtained                      Yes

* On allotment of the 2 071 737 SSU ("the shares") to Mr Von Aulock, the shares will immediately be transferred
at the exercise price to an Associate, Megalo Investments (Pty) Ltd. The sole shareholder of Megalo Investments
(Pty) Ltd is the Megalo Trust of which Mr von Aulock is a beneficiary and trustee, resulting in the nature of
interest being indirect, beneficial.

8 August 2024

Sponsor
Investec Bank Limited

Date: 08-08-2024 04:05:00
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