General SENS Submitter Company - GEN General - Removal of Listing Announcement Conduit Capital Limited (the "Issuer") JSE share code: CND

GEN – General - Removal of Listing Announcement
Conduit Capital Limited (the "Issuer")
JSE share code: CND

GEN – General - Removal of Listing Announcement

Conduit Capital Limited (the "Issuer")

JSE share code: CND ISIN: ZAE000073128



Removal of Listing Announcement

The Issuer has a primary listing on the Main Board of the Johannesburg Stock Exchange ("JSE") with
listed ordinary shares on the JSE. The Issuer was suspended from trading on the JSE on 21 September
2022 at the request of the board of directors in terms of paragraph 1.10(a)(i) of the JSE Listings
Requirements (the "Requirements") when the Prudential Authority made an application to place
Constantia Insurance Company Limited, a wholly owned subsidiary of the Issuer, into provisional
liquidation.

In terms of paragraph 1.8 of the Requirements "If a listing is suspended and the affected applicant
issuer fails to take adequate action to enable the JSE to reinstate the listing within a reasonable period
of time, the JSE may remove the listing in accordance with the procedure set out below".

Based on the failure of the Issuer to remedy the various non-compliances since its suspension on 21
September 2022, the JSE advised the Issuer that it was considering the removal of the Issuer's listing
at the instance of the JSE pursuant to section 12(2) of the Financial Markets Act no. 19 of 2012, section
1.12 and 1.13 of the Requirements.

The JSE provided the Issuer with the opportunity to make written representations as to why the
removal of the Issuer should not be effected. After careful consideration of the representations by the
Issuer, the JSE informed the Issuer that it has decided to remove the Issuer's listing and advised the
Issuer of its right to appeal the decision pursuant to paragraph 1.5 of the Requirements. The Issuer did
not appeal the decision.

Accordingly, shareholders are advised that the Issuer's listing and the listing of the Issuer's securities
will be removed from the commencement of business on 19 December 2025 and that they will remain
shareholders in an unlisted company. Accordingly, the last day to trade (off-market) will be 12
December 2025 and the record date will be 18 December 2025.



11 December 2025

Date: 11-12-2025 11:21:00
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