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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 AWARD OF LONG-TERM INCENTIVES IN TERMS OF THE 2008 BIDVEST CONDITIONAL SHARE PLAN AND DIRECTOR DEALINGS IN SECURITIES In compliance with Rules 3.63 – 3.65 of the JSE Listing Requirements, the following information is disclosed. Shareholders are hereby advised that the following off-market delivery in Bidvest ordinary shares has taken place following the granting of conditional share plan awards, previously awarded and accepted in terms of the 2008 Bidvest Group Conditional Share Plan, subject to performance conditions for the periods 1 July 2019 to 30 June 2022 and 1 July 2020 to 30 June 2023. The remaining 25% of the 2019 awards vested in September 2023. Vesting of the 2020 awards occurs in two tranches, September 2023 and September 2024, at a deemed value of R272.43 per share. The Remuneration Committee has given clearance for the following: NT Madisa 112 139 shares MJ Steyn 53 830 shares GC McMahon 43 786 shares Simultaneously, the directors sold shares in the open market to cover the tax liability of the vesting: Executive Director: NT Madisa Date of transaction: 28 September 2023 Number of shares sold: 56 067 Price per share: R273.00 Total Value: R15,306,291.00 Class of shares: Ordinary Executive Director: MJ Steyn Date of transaction: 28 September 2023 Number of shares sold: 26 915 Price per share: R273.00 Total Value: R7,347,795.00 Class of shares: Ordinary Executive Director: GC McMahon Date of transaction: 28 September 2023 Number of shares sold: 21 893 Price per share: R273.00 Total Value: R5,976,789.00 Class of shares: Ordinary The nature of interest in the above transactions is directly beneficial to the respective directors. Date: 29 September 2023 Johannesburg Sponsor: Investec Bank Limited
