Acceptance of Share Appreciation Rights by the Company Secretary THE BIDVEST GROUP LIMITED (“Bidvest” or “The Group”) (Incorporated in the Republic of South Africa) (Registration number 1946/021180/06) JSE Share code: BVT ISIN: ZAE000117321 ACCEPTANCE OF SHARE APPRECIATION RIGHTS (“SAR”) BY THE COMPANY SECRETARY In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following information is disclosed: The Company Secretary has accepted an allocation of SAR’s in terms of the 2016 Bidvest Share Appreciation Rights Scheme as follows: Company Secretary: Ilze Roux Number of Share Appreciation Rights: 75 000 Strike Price of Share Appreciation Rights: R148.75 Total value: R11 156 250 Date of Acceptance: 7 December 2020 Nature of transaction: Acceptance of rights – off market; vesting from year three onwards Nature of interest: Direct beneficial Clearance in terms of para 3.66 of the listings requirements was obtained from the Remuneration Committee of The Bidvest Group Limited. Date: 8 December 2020 Johannesburg Sponsor: Investec Bank Limited Date: 08-12-2020 09:28:00 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.