SEPHAKU HOLDINGS LIMITED - Specific Issue of Shares and Directors Dealing

Specific Issue of Shares and Director’s Dealing

Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Company registration number: 2005/003306/06)
JSE share code: SEP
ISIN: ZAE000138459
("SepHold" or "the Company")


SPECIFIC ISSUE OF SHARES AND DIRECTOR'S DEALING


1. INTRODUCTION

SepHold shareholders are referred to the Company's Long-term Incentive Share Scheme ("LTI") as
contained in the Remuneration Report disclosed on pages 42 – 45 of the Company's Annual Report for the
year ended 31 March 2025, which provides for the allocation of a bonus amount to executive directors
which will be used to acquire shares in SepHold.

Shareholders are advised that the Company's wholly-owned subsidiary, Cross Company Management
Proprietary Limited ("CCM"), agreed to sell 575,000 SepHold treasury shares to Mr NR Crafford-Lazarus,
the Company's financial director, on 26 January 2026 in furtherance of the objectives of the Company's LTI
for a total cash consideration of R1,161,500 ("Share Transaction").


2. RELATED PARTY AND TERMS OF THE SHARE TRANSACTION

The Share Transaction constitutes a specific issue of shares for cash to a related party in terms of the JSE
Listings Requirements.

The Share Transaction is less than 0.25% of the Company's current issued share capital (excluding
treasury shares) and is at a price of R2.02, being the weighted average traded price of the Company's
ordinary shares over the 30 business days as at close of business on Friday, 23 January 2026, the day
immediately prior to conclusion of the Share Transaction. Accordingly, no fairness opinion or shareholder
approval is required for the once-off specific issue of shares for cash.


3. FINANCIAL EFFECTS

The consideration for the Share Transaction of R1,161,500 will be paid in cash to CCM by Mr Crafford-
Lazarus, from his directors' emoluments received. The Share Transaction will not reduce the Company's
issued share capital but will reduce the amount of treasury shares within the SepHold group. There is no
other impact on the Company's financial statements as a result of the Share Transaction.


4. DIRECTOR'S DEALING

The Share Transaction constitutes a director's dealing by Mr Crafford-Lazarus. Clearance to deal was
obtained by Mr Crafford-Lazarus. The Share Transaction was concluded off-market and he has a direct
beneficial interest in the shares acquired.


Centurion
27 January 2026
____________________________________________________________________________
Enquiries contact:
Neil Crafford-Lazarus
Financial Director
info@sephold.co.za
012 648 6300

Sponsor to Sephaku Holdings Limited: Questco Corporate Advisory (Pty) Ltd

About Sephaku Holdings Limited
Sephaku Holdings Limited is a building and construction materials company with a portfolio of investments in the
cement sector in South Africa. The Company's core investments are a 36% stake in Dangote Cement SA (Pty) Ltd and
100% in Métier Mixed Concrete (Pty) Ltd. SepHold's strategy is to generate growth and realise value for shareholders
through the production of cement and ready mixed concrete in Southern Africa. www.sephakuholdings.com

Date: 27-01-2026 12:25:00
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