Update Announcement in Respect of the Special Dividend

ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/019240/06)
Share code: ZED
ISIN: ZAE000088431
LEI: 37890022AF5FD117D649
("the Company" or "Zeder")

UPDATE ANNOUNCEMENT IN RESPECT OF THE SPECIAL DIVIDEND

Shareholders of Zeder ("Shareholders") are referred to the special dividend declaration
announcement released by the Company on the Stock Exchange News Service of the JSE ("SENS")
on 17 October 2023 ("Declaration Announcement"), advising shareholders that the Zeder board has
approved and declared a non-recurring gross special dividend of 10.0 cents per Zeder share, from
income reserves ("Special Dividend"), subject to the required South African Reserve Bank approval
being obtained for the declaration of the special dividend ("Condition").

Shareholders are advised that the Condition has not yet been fulfilled and, accordingly, the expected
timetable for the Special Dividend will need to be revised. Once the Condition has been fulfilled, a
further announcement will be published by the Company on SENS, which will include the revised
timetable, including the date of payment of the Special Dividend.

Stellenbosch
24 October 2023


                   Sponsor                              Independent Joint Sponsor
                  PSG Capital                               Tamela Holdings

Date: 24-10-2023 11:00:00
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