REMGRO LIMITED - Update on the acquisition of an interest in Maziv by Vodacom

Update on the acquisition of an interest in Maziv by Vodacom

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN ZAE000026480
JSE and A2X share code REM
("Remgro")

UPDATE ON THE ACQUISITION OF AN INTEREST IN MAZIV BY VODACOM

Shareholders are referred to the previous announcements released
on SENS by Remgro, the latest being on the 18th of July 2025.
These announcements set out details of the transaction
agreements concluded between Community Investment Ventures
Holdings Proprietary Limited ("CIVH") and Vodacom Proprietary
Limited ("Vodacom") regarding Vodacom's proposed acquisition of
a 30% interest in a newly formed entity, subsequently
incorporated as Maziv Proprietary Limited ("Maziv"), that would
house all the material assets owned by CIVH, including Vumatel
Proprietary Limited and Dark Fibre Africa Proprietary Limited
(the "Transaction").

Shareholders are reminded that (i) on 29 October 2024, the
Competition Tribunal (the "Tribunal") ruled to prohibit the
Transaction; (ii) the parties subsequently lodged a notice of
appeal in accordance with the rules and timelines of the
Competition Appeals Court (the "CAC") for the approval of the
merger subject to certain conditions; and (iii) on 22 July 2025
the appeal was heard by the CAC.

Shareholders are now advised that the CAC has ruled to set aside
the order of the Tribunal to prohibit the merger. The CAC further
ruled to approve the merger subject to the conditions proposed
by the merger parties.

Remgro is pleased with this positive outcome, which represents
a significant milestone in the fulfilment of the conditions
precedent for the Transaction.

The Transaction is still subject to approval by the Independent
Communication Authority of South Africa.
Shareholders are also referred to the Vodacom announcement
released on SENS today.

Stellenbosch
15 August 2025

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15-08-2025 07:05:00
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