Expected completion of the transfer of Sanlam Investments UK Limited’s active asset management business

Ninety One Limited                                        Ninety One plc
Incorporated in the Republic of South Africa              Incorporated in England and Wales
Registration number 2019/526481/06                        Registration number 12245293
Date of registration: 18 October 2019                     Date of registration: 4 October 2019
JSE share code: NY1                                       LSE share code: N91
ISIN: ZAE000282356                                        JSE share code: N91
                                                          ISIN: GB00BJHPLV88
                                                          LEI: 549300G0TJCT3K15ZG14


As part of the dual-listed companies' structure, Ninety One plc and Ninety One Limited (together 'Ninety One')
notify both the LSE and the JSE of matters which are required to be disclosed under the Disclosure Guidance and
Transparency Rules and Listing Rules of the FCA and/or the Listings Requirements of the JSE.


Expected completion of the transfer of Sanlam Investments UK Limited's active asset management
business to Ninety One UK Limited

Following the joint announcements released by Ninety One and Sanlam Limited and Sanlam Life Insurance Limited
(together 'Sanlam') on 20 November 2024 and 6 March 2025, regarding the creation of a long-term active asset
management relationship between Ninety One and Sanlam (the 'Transaction'), Ninety One are pleased to
announce that the UK component of the Transaction, which involves the transfer of Sanlam Investments UK
Limited's ('SI UK') active asset management business to Ninety One UK Limited ('Ninety One UK') and the
appointment of Ninety One UK as the primary active asset manager for a specified portion of SI UK's assets under
management (the 'UK Transaction'), is expected to complete on Monday, 16 June 2025.


Issuance of consideration shares to SI UK

In accordance with the terms of the UK Transaction, Ninety One plc will issue and allot 13,675,595 ordinary shares
to SI UK (the 'Consideration Shares'), on Monday, 16 June 2025 as consideration for the UK Transaction.
Applications have been made for the Consideration Shares to be admitted to listing on the Equity Shares
(Commercial Companies) category of the Official List of the FCA and to trading on the Main Market of the London
Stock Exchange for listed securities, as well as to listing and trading on the Main Board of the Johannesburg Stock
Exchange (together the 'Admissions'). The Admissions are expected to take place at 08:00 (BST) / 09:00 (SAST)
on Tuesday, 17 June 2025.


Date of release: 13 June 2025

For enquiries please contact:

Investor relations
Ninety One Investor Relations                                   ir@ninetyone.com

JSE Sponsor to Ninety One:
J.P. Morgan Equities South Africa (Pty) Ltd

Date: 13-06-2025 08:00:00
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