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Voluntary announcement: General repurchase of shares
iOCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/014669/06)
JSE share code: IOC ISIN: ZAE000071072
("iOCO" or "the Company" or "the Group")
VOLUNTARY ANNOUNCEMENT: GENERAL REPURCHASE OF SHARES
Shareholders are advised that iOCO has repurchased an additional 2 344 669 shares (the "Repurchase") for the below
period:
Dates of Repurchase: 29 November 2025 to 31 December 2025
Number of shares repurchased: 2 344 669
Lowest repurchase price per share (cents): 398.00
Highest repurchase price per share (cents): 400.00
Total value of shares repurchased: R9 378 676 (excluding transaction costs)
Since 1 August 2025, iOCO has cumulatively repurchased 4 292 027 shares, representing approximately 0.7% of the
Company's issued share capital. Repurchased shares are held as treasury shares. Following the Repurchase, 6 378 634
shares are currently held as treasury shares.
The Board has evaluated the impact of the Repurchase and is of the view that proceeding with it is in the best interests
of the Company, while ensuring sufficient financial flexibility to deliver on its future strategic objectives and capital
allocation priorities and believes that for a period of twelve months following the date of this announcement:
- the Company and the Group will be able in the ordinary course of business to pay its debts;
- the assets of the Company and the Group will be more than the liabilities of the Company and the Group. For this
purpose, the assets and liabilities were recognised and measured in accordance with the accounting policies used in
the latest audited annual Group financial statements;
- the share capital and reserves of the Company and the Group will be adequate for ordinary business purposes;
- the working capital of the Company and the Group will be adequate for ordinary business purposes; and
- the Company and the Group have passed the solvency and liquidity test and since the test was performed, there have
been no material changes to the financial position of the Group.
Following the Repurchase, the extent of the general authority granted by shareholders at the annual general meeting
held on 3 December 2025 to repurchase shares outstanding is 123 323 222 ordinary shares, representing 19.6% of the
total issued share capital of iOCO, at the time the general authority was granted.
The Repurchase was made through the order book of the JSE, without any prior understanding or arrangement between
the Company and the counter parties. The Repurchase was funded from the Group's available cash resources. Cash
balances decreased by R9 378 676 as a result of the Repurchase. The impact on other areas of the Company's financial
information is immaterial.
2 January 2026
Sponsor
Java Capital
Date: 02-01-2026 05:45:00
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