Dealings in securities REUNERT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1913/004355/06) ISIN: ZAE000057428 Share code: RLO (“Reunert” or the “Company” of the “Reunert group”) DEALINGS IN SECURITIES In accordance with the requirements of paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, the following transactions by directors of Reunert, the company secretary and directors of major subsidiaries of the Company (collectively “Participants”) are hereby disclosed. Allocation of units The allocation of units in terms of Reunert’s Conditional Share Plan 2012 (“CSP”) were approved on 21 November 2018 on behalf of the remuneration committee, in accordance with its rules. CSP units entitle the Participants to ordinary shares in the future, if relevant employment and performance conditions are met over a 4 and/or 5 year period. The nature of the interest of Participants is direct beneficial. The following CSP units were allocated off-market and the prescribed clearance to trade was received: CSP units – subject to CSP units – subject to Indicative transaction remaining with the remaining with the value, based on the Reunert group and Reunert group, 50% 30-day volume- performance conditions vesting after 4 years weighted average measured over 4 years and 50% after 5 years share price to the date prior to allocation of R76 79* Executive directors of the Company AE Dickson 153 990 - R11 824 870 M Moodley 49 068 - R3 767 946 MAR Taylor 68 814 - R5 284 239 NA Thomson 88 605 - R6 803 992 Directors of ATC (Pty) Ltd, a major subsidiary of Reunert (“ATC”) TA Pooe 19 269 - R1 479 685 Directors of Quince Capital (Pty) Ltd, a major subsidiary of Reunert (“Quince Capital”) AD Boshoff - 1 934 R148 508 S Gambu 8 526 - R654 679 LG Kunene - 3 065 R235 376 Z Mahomed 14 322 - R1 099 792 RP Steenkamp - 1 715 R131 659 Company secretary K Louw - 3 500 R268 765 * The transaction values relating to the CSP units that are subject to performance conditions are indicative. The transaction values will only be determinable when the units vest, in accordance with the rules of the CSP, at the end of the 4-year performance period. Vesting of CSP units and sale of ordinary shares The following ordinary shares, which vested on 20 November 2018, in respect of CSP units that were allocated to Participants in 2014 subject to performance and/or retention conditions, were subsequently sold on 20 November 2018, on-market, at a price equal to the 20-day volume weighted average share price of R78.5309 per share: Participant Number of ordinary shares Value of transaction Executive directors of the Company AE Dickson 147 844 R11 610 322 M Moodley 20 587 R1 616 716 MAR Taylor 59 292 R4 656 254 Directors of ATC GW Eddey 30 390 R2 386 554 TA Pooe 21 605 R1 696 660 Directors of Quince Capital AD Boshoff 12 936 R1 015 876 LG Kunene 2 170 R170 412 RP Steenkamp 11 858 R931 219 Company Secretary K Louw 1 989 R156 198 The nature of the interest of the above Participants is direct beneficial and they received the prescribed clearance to trade. Sandton 23 November 2018 Sponsor One Capital Date: 23/11/2018 04:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.