COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE

26 NOVEMBER 2019

REINET INVESTMENTS S.C.A. SHARE BUYBACK PROGRAMME – UPDATE 26 NOVEMBER 2019

Reinet Investments S.C.A. has repurchased 277 318 ordinary shares in the period 18 to 22 November 2019. The shares were repurchased on the Johannesburg Stock Exchange at an average price of ZAR 294.71 per share (highest price: ZAR 301.84; lowest price: ZAR 284.03) for a total consideration of some ZAR 81.73 million (€ 5.0 million), plus transaction costs. These repurchases were made as part of the share buyback programme announced on 6 September 2019.

The total number of shares repurchased under this programme to date is 2 842 291 ordinary shares for a total consideration of some ZAR 783.86 million (€ 47.7 million), plus transaction costs.

Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.

Website: www.reinet.com/investor-relations/share-buyback-programme.html

Reinet Investments S.C.A. (the ‘Company’) is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on Securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. a specialised investment fund also incorporated in Luxembourg. The Company’s ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange, the listing on the Johannesburg Stock Exchange is a secondary listing. The Company’s ordinary shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange.

Reinet Investments S.C.A.

R.C.S. Luxembourg B 16.576

Legal Entity Identifier : 222100830RQTFVV22S80

Registered office: 35, boulevard Prince Henri, L-1724 Luxembourg, Tel. (+352) 22 42 10, Fax (+352) 22 72 53

Email: info@reinet.com www.reinet.com