Dealings in Securities by an Associate

PEPKOR HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share Code: PPH
Debt Code: PPHI
ISIN: ZAE000259479
LEI: 3789006D677C34F69875
("Pepkor" or the "Company")


DEALINGS IN SECURITIES BY AN ASSOCIATE

Vista Treasury Proprietary Limited ("Vista"), an associate company of Mr. PJ Erasmus,
subscribed for 12 060 000 000 ordinary shares in the issue share capital of Business Venture
Investments No 1499 Proprietary Limited ("BVI") for a total consideration of R482 400 000 ("the
Subscription Price"). Vista discharged the Subscription Price by the transfer of 20 000 000
Pepkor Shares to BVI at a price of R24.12 per share ("the BVI Acquisition"). Following the BVI
Acquisition, Vista will be the controlling shareholder of BVI and Vista's indirect interest in the
Pepkor Shares will remain unchanged.

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited ("JSE") Listings Requirements
and paragraphs 6.45 to 6.56 of the JSE Debt and Specialist Securities Listings Requirements,
the following information regarding the transfer of securities is disclosed:

 NAME OF DIRECTOR                      PJ Erasmus

 ROLE                                  Executive director of Pepkor and director of
                                       Pepkor Trading (Pty) Limited
                                       (a major subsidiary of the Company)
                                       ("Pepkor Trading")

 NAME OF ASSOCIATE                     Vista Treasury (Proprietary) Limited

 RELATIONSHIP TO DIRECTOR              Director of Associate

 COMPANY OF WHICH HE IS A DIRECTOR     Pepkor and Pepkor Trading

 TYPE AND CLASS OF SECURITIES          Ordinary shares

 NATURE OF TRANSACTION                 Off market transfer

 DATE OF TRANSACTION                   29 September 2025

 PRICE PER SHARE                       R 24.12

 NUMBER OF SECURITIES                  20 000 000
 TRANSFERRED

 TOTAL RAND VALUE OF SECURITIES        R482 400 000
 TRANSFERRED

 NATURE AND EXTENT OF INTEREST IN      Indirect, beneficial through Vista Treasury
 THE TRANSACTION                       (Proprietary) Limited of which PJ Erasmus is
                                       a director



Parow
1 October 2025

Equity Sponsor and Debt Sponsor
Investec Bank Limited

Date: 01-10-2025 04:25:00
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