Ninety One plc                                      Ninety One Limited
Incorporated in England and Wales                   Incorporated in the Republic of South Africa
Registration number 12245293                        Registration number 2019/526481/06
Date of registration: 4 October 2019                Date of registration: 18 October 2019
LSE share code: N91                                 JSE share code: NY1
JSE share code: N91                                 ISIN: ZAE000282356
ISIN: GB00BJHPLV88




As part of the dual-listed company structure, the boards of Ninety One plc and Ninety One Limited (together the ‘Board’)
notify both the London Stock Exchange and the JSE Limited (‘JSE’) of matters which are required to be disclosed under the
FCA Disclosure Guidance and Transparency Rules and Listing Rules of the United Kingdom Listing Authority (the ‘UKLA’)
and/or the JSE Listings Requirements (the ‘Listing Requirements’).



Ninety One Limited Ordinary Share Buyback
Ninety One Limited (the ‘Company’) advises that, at the close of business on 01 November 2023, it has cumulatively
repurchased 8,900,922 of the Company’s ordinary shares (‘Ordinary Shares’) representing 3.007% of the issued Ordinary
Share capital as at the date of the general authority granted by shareholders at the Company’s annual general meeting held
on 26 July 2023 (‘General Authority’).
The Ordinary Shares were repurchased for an aggregate value of R345,632,678.38. Details of the repurchase are set out in
the table hereunder:



 Repurchase                Number and      Highest                 Lowest                   Aggregate value   Number and
 period                    percentage of   repurchase price        repurchase price         (R)               percentage of
                           shares          per share (R)           per share (R)                              shares
                           repurchased                                                                        outstanding in
                                                                                                              relation to the
                                                                                                              total shares
                                                                                                              under the
                                                                                                              General Authority

 27 July –                 8,900,922       R40.00                  R35.89                   R345,632,678.38   20,695,450
 1 November 2023           3.007%                                                                             6.993%



An application will be made to the JSE to de-list 307,360 Ordinary Shares, at which point they will be immediately cancelled.
8,593,562 Ordinary Shares have already been cancelled. The Ordinary Shares remaining in issue following the cancellation
of the aforementioned shares amounts to 287,062,798. The Company does not hold any treasury shares.


The impact of the repurchase of the Ordinary Shares on the financial information of the Company is immaterial. The Ordinary
Shares were repurchased from excess cash resources of the Company; going forward, no Ordinary Share dividends will be
payable on the repurchased Ordinary Shares and interest earned on the cash utilised for the repurchases will be foregone.


On 27 July 2023, in accordance with paragraph 5.72(h) of the JSE Listings Requirements, the Company entered into a
mandate (the ‘Mandate’) with an independent agent to undertake its repurchase programme. Under the Mandate, the
repurchase programme continued during the Company’s closed period from 1 October to 15 November 2023. The
repurchases were made in terms of the current General Authority effected through an order book operated by the JSE and
executed without any prior understanding or arrangement between the Company and the counterparties. Accordingly, the
Company has complied with paragraph 5.72(a) of the Listings Requirements.
Statement by the Board
The Board has considered the effect of the repurchases and is of the opinion that, for a period of 12 months following the
repurchases, the:
•   Company and its subsidiaries (the ‘Group’) will be able, in the ordinary course of business, to pay its debts;
•   consolidated assets of the Company and the Group will be in excess of the consolidated liabilities;
•   share capital and reserves of the Company and the Group will be adequate for ordinary business purposes; and
•   working capital of the Company and the Group will be adequate for ordinary business purposes.




For enquiries please contact:


Investor relations
Alvar Fernandez                                    alvar.fernandez@ninetyone.com             +44 (0) 20 3938 2305
Jakub Vojtek                                       jakub.vojtek@ninetyone.com                +44 (0) 20 3938 2413



Date of release: 03 November 2023
JSE Sponsor:      J.P. Morgan Equities South Africa (Pty) Ltd