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ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2006/019240/06
Share code: ZED
ISIN: ZAE000088431
LEI code: 37890022AF5FD117D649
Main Board – General Segment
("Zeder" or "the Company")
EXERCISE AND RELATED NET CASH SETTLEMENT OF SHARE OPTIONS IN TERMS
OF THE ZEDER GROUP SHARE INCENTIVE TRUST (“SIT”)
Upon the exercise of the share options referred to below, Zeder elected to settle same on a
net-cash basis in line with Zeder’s remuneration policy.
Due to the net-cash settlement, the executive director did not receive any Zeder shares in
respect of such options exercised and accordingly, no shares were traded and there is
therefore no obligation to report same.
In the interest of transparency, the following information regarding the exercise of options is
consequently disclosed:
NAME OF DIRECTOR JH le Roux
COMPANY OF WHICH A DIRECTOR Zeder Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R(1.38)
NUMBER OF OPTIONS EXERCISED 3 750 000
EXERCISE DATE OF OPTIONS After close of business on
3 February 2026
PERIOD OF EXERCISE Participants have a 180-day period from
the vesting date of 18 January 2026
during which the options can be exercised
NATURE OF TRANSACTION Exercise of share options by the director
at the last traded share price of R1.36 per
share on 3 February 2026, with settlement
occurring on a net cash settled basis
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Clearance for the above was obtained in accordance with paragraph 3.66 of the JSE Limited
Listings Requirements.
Stellenbosch
4 February 2026
Sponsor Independent Joint Sponsor
PSG Capital BSM Sponsors
