Once Off Issue of Treasury Shares

BOWLER METCALF LIMITED
Incorporated in the Republic of South Africa
(Registration number 1972/005921/06)
Share code: BCF ISIN: ZAE000030797
("the Company" or "Bowler Metcalf")

ONCE OFF ISSUE OF TREASURY SHARES

In compliance with paragraphs 3.63 to 3.74 and paragraph 5.51(g) of the JSE Listings
Requirements, the Board of Directors resolved to undertake a once off issue of 150 490
ordinary shares in settlement of the award of a once off bonus, of which 75 245 were issued
to a Director as detailed below:

 Name of director:                Grant Böhler
 Date of transaction:             18 September 2025
 Name of company:                 Bowler Metcalf
 Number of securities:            75 245
 Class of securities:             Ordinary Shares
 Nature of transaction:           Issue of Treasury Shares
 Average price per share:         R13.29
 Nature of interest:              Direct Beneficial
 Extent of interest:              0.10%
 Value of transaction:            R1 000 006
 How traded:                      Off market
 Clearance to deal obtained:      Yes

Cape Town
19 September 2025

Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 19-09-2025 08:00:00
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