SOUTHERN SUN LIMITED - Exercise of Share Appreciation Rights and Allotment of Southern Sun Ordinary Shares

Exercise of Share Appreciation Rights and Allotment of Southern Sun Ordinary Shares

Southern Sun Limited
Incorporated in the Republic of South Africa
Registration number 2002/006356/06
Share Code: SSU ISIN: ZAE000272522
(“Southern Sun” or “the Company”)


EXERCISE OF SHARE APPRECIATION RIGHTS AND ALLOTMENT OF SOUTHERN SUN ORDINARY SHARES

In compliance with paragraphs 6.77 to 6.85 of the JSE Limited Listings Requirements, shareholders are advised
that per Southern Sun's Share Appreciation Rights Plan ("SARP"), Share Appreciation Rights ("SARs") vested and
were exercised by the following director of a the Company, to whom Southern Sun ordinary shares ("SSUs")
have been issued. The value of the SSUs issued is equal to the value of the appreciation of the awarded SARs
over the vesting period (net of tax).

 Director                                Marcel von Aulock
 Designation                             Chief Executive Officer
 Nature of transaction                   Off market exercise of SARs and allotment of SSUs
 Nature of interest                      Direct, beneficial
 Class of shares                         Ordinary SSU shares
 Transaction date                        7 October 2026
 Number of SSU                           3 136 883
 Exercise price                          R10.5741
 Transaction value                       R33 169 714.53
 Clearance obtained                      Yes

 Director                                Laurelle McDonald
 Designation                             Chief Financial Officer
 Nature of transaction                   Off market exercise of SARs and allotment of SSUs
 Nature of interest                      Direct, beneficial
 Class of shares                         Ordinary SSU shares
 Transaction date                        7 October 2026
 Number of SSU                           2 311 806
 Exercise price                          R10.5741
 Transaction value                       R24 445 267.82
 Clearance obtained                      Yes


8 October 2026

Sponsor
Investec Bank Limited
Date: 08/10/2026 05:15:00
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