SUMMIT ISSUER (RF) LIMITED - ADDITIONAL LISTING OF PREFERENCE SHARE IN THE PREFERENCE SHARE SECTOR - SDM001

ADDITIONAL LISTING OF PREFERENCE SHARE IN THE PREFERENCE SHARE SECTOR - SDM001

Summit Issuer (RF) Limited
Company Registration number: 2025/552928/06
JSE Share Code: SDM001
JSE Issuer code: SUMH
ISIN: ZAE000355855
LEI Number: 37890IWGVWPEI2SAMM62

SUMMIT ISSUER (RF) LIMITED: ADDITIONAL LISTING OF PREFERENCE SHARE IN THE
PREFERENCE SHARE SECTOR

Following the establishment of "Transaction 1" under the Issuer's master programme
memorandum dated 22 February 2022 ("Original Master Programme Memorandum"), the
amended and restated master programme memorandum ("Master Programme Memorandum")
dated 3 November 2025 and the Applicable Issuer Supplement issued by the Issuer dated 3
November 2025 through the listing of 25 293 Class A Programme Preference Shares on 15
December 2025 ("the listing date") in the "Preference Share" sector of the Main Board with the
abbreviated name "SUMPREF01, investors are herewith advised that, following a successful
private placement, the JSE has approved the listing of 21 054 additional Class 1A Programme
Preference Shares, with effect from Thursday, 23 April 2026 ("the listing date") in the "Preference
Share" sector of the Main Board with the abbreviated name "SUMPREF01".


Salient features of the Class 1A Redeemable Preference Shares are detailed below:

Instrument code                          SDM001
Instrument number                        124846
Instrument                               Non-cumulative, redeemable preference share
Aggregate Issue Price                    R 225,004,098.00
Issue price per share                    R10,687 (1,000,000 cents per share)
Denomination per Programme               R10,000 with a minimum aggregate Subscription
Preference Share                         Amount of not less than ZAR1,000,000 per single
                                         Programme Preference Share Subscriber

Issue date                               23 April 2026
Dividend Amount per Programme            The amount available for distribution to the holders of
Preference Share                         the Class A Programme Preference Shares per item 6
                                         of the Pre-Redemption Event Priority of Payments
                                         divided by the number of Class A Programme
                                         Preference Shares then in issue

Dividend commencement                    Dividends are paid ad-hoc - Distributions received from
Date                                     UK Bidco will be distributed to the Programme
                                         Preference Shareholders in the form of dividends

Business day convention                  Following


Authorised share capital          1,000,000 ordinary shares with no par value
                                  1,000,000 cumulative redeemable preference shares
                                  with no par value
                                  897,510 unclassified shares with no par value
                                  102,490 Programme Preference Shares

Issued Share capital              100 ordinary share with no par value
                                  2 cumulative redeemable preference shares (with no
                                  par value (R 613,349)
                                  102,490 Programme Preference Shares


Total amount in issue, after
this issuance                     R 1,065,582,879


Final Redemption Amount           Per Condition 8 (Redemption and Purchases)
Redemption at the option of       Yes, pursuant to Condition 8.2 (Early redemption at the
the Issuer                        option of the Issuer), upon repayment or prepayment
                                  by the Borrower of all or a portion of the Participating
                                  Assets

Final Redemption Date             16 December 2030
Use of Funds                      The proceeds of the issue of the Tranche 3 Class 1A
                                  Programme Preference Shares described herein will be
                                  used to subscribe for 1,000 "A" shares in the share
                                  capital of Differential Capital UK Acquisition
                                  Corporation Limited and to acquire Senior Lender
                                  Facilities advanced to Murray & Roberts Limited (in
                                  business rescue) from a Senior Lender., as more fully
                                  described in the amended and restated Applicable
                                  Pricing Supplement dated 21 April 2026.
Additional Terms and
conditions to the
Programme Memorandum              Private Placement, and the condition per paragraph 39
                                  of the Applicable Pricing Supplement

Issuer                            Summit Issuer (RF) Limited
Address of Issuer                 1st floor, 32 Fricker Road, Illovo Boulevard, Illovo, 2196
Transfer oLice address            1st floor, 32 Fricker Road, Illovo Boulevard, Illovo, 2196
Date of incorporation of Issuer   10 July 2025
HFI documentation                 1st floor, 32 Fricker Road, Illovo Boulevard, Illovo, 2196


22 April 2026
Johannesburg

Sponsor:
Redinc Capital (Pty) Ltd

Date: 22-04-2026 01:30:00
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