REINET INVESTMENTS S.C.A - Management statement for the first quarter ended 30 June 2025

Management statement for the first quarter ended 30 June 2025

Reinet Investments S.C.A. 
(Incorporated in Luxembourg)
ISIN: LU0383812293
Legal Entity Identifier : 222100830RQTFVV22S80
Code: RNI
(the 'Company')


MANAGEMENT STATEMENT FOR THE FIRST QUARTER ENDED 30 JUNE 2025

The Board of Directors of Reinet Investments Manager S.A. announces the results of the Company for the quarter ended 30 June 2025.

Key financial data

Reinet's net asset value of EUR 6.6 billion reflects a compound growth rate of 8.6 per cent per annum in euro terms, since March 2009, including dividends paid

The net asset value at 30 June 2025 reflects a decrease of EUR 316 million or 4.6 per cent from EUR 6 915 million at 31 March 2025 

Net asset value per share at 30 June 2025: EUR 36.30 (31 March 2025: EUR 38.04) 

Commitments totalling EUR 293 million in respect of new and existing investments were made during the quarter, with a total of EUR 21 million funded

Ordinary and special dividends received from Pension Insurance Corporation Group Limited during the quarter amounted to GBP 178 million (EUR 212 million)

Reinet reached an agreement to sell 100 per cent of its holding in Pension Insurance Corporation Group Limited to Athora Holding Ltd, expected to close in early 2026

This announcement is published under the responsibility of the Board of Reinet Investments Manager S.A. and is a summary of the information in the detailed management statement for the first quarter ended 30 June 2025 available on https://senspdf.jse.co.za/documents/2025/JSE/ISSE/RNIE/RMS30Jun25.pdf and on the Company's website www.reinet.com/investor-relations/company-announcements.html. This announcement does not contain full details and should not be used as a basis for any investment decision in relation to the Company's shares. 

The financial data disclosed above relates to Reinet Investments S.C.A. and/or its shares:

JSE share code: RNI             ISIN: LU0383812293
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Cnr Fredman Drive and Rivonia Road, Sandton, 2196 
Telephone: (011) 282 4613
22 July 2025

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. ('Reinet Fund'), 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. The Company and Reinet Fund together with Reinet Fund's subsidiaries are referred to as 'Reinet'. 

Reinet Investments S.C.A.
R.C.S. Luxembourg B 16.576
Legal Entity Identifier : 222100830RQTFVV22S80
Registered office: 35, Blvd Prince Henri, L-1724 Luxembourg, Telephone + 352 22 42 10, Telefax +352 22 72 53
Email: info@reinet.com, website: www.reinet.com
Date: 22-07-2025 07:30:00
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