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Dealing In Securities By Directors And Company Secretary Of The Company And By Directors Of A Major Subsidiary
Valterra Platinum Limited
(previously Anglo American Platinum Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
JSE Share Code: VAL
LSE Share Code: VALT
JSE Debt Issuer Code: VALI
ISIN: ZAE000013181
Income tax number: 9575104717
("the Company" or "Valterra Platinum")
16 April 2026
DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF THE COMPANY AND BY
DIRECTORS OF A MAJOR SUBSIDIARY
Valterra Platinum hereby advises shareholders of the sale of shares in terms of the Company's Long-Term
Incentive Plan ("LTIP") (the "scheme"). This announcement relates to the sale of shares pursuant to the vesting
of LTIP awards granted on 14 April 2023. These awards are subject to a three-year holding period and vested
on 14 April 2026. In addition to the three-year holding period, the LTIP awards are also subject to stringent
performance conditions and vest only if the pre-determined performance conditions are met. The details of
the LTIP scheme are set out in the Remuneration Report contained within the Company's 2025 Governance
Report available on the Company's website (www.valterraplatinum.com).
The following transactions are on market sales of LTIP shares, associated with the vesting of the share awards
after the three-year holding period and the level of performance conditions met, to settle tax obligations
associated with the vesting of the share awards:
Director and CEO : Craig Miller
Company : Valterra Platinum Limited
Transaction Date : 14 April 2026
Nature of transaction : On market sale of LTIP shares vested on 14 April 2026
Class of securities : Ordinary shares
Number of securities sold : 1600
Highest price traded on the day : R1581.48
Lowest price traded on the day : R1544.84
Volume weighted average price per share : R1555.72
Transaction value : R2,489,158.72
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director and CFO : Sayurie Naidoo
Company : Valterra Platinum Limited
Transaction Date : 14 April 2026
Nature of transaction : On market sale of LTIP shares vested on 14 April 2026
Class of securities : Ordinary shares
Number of securities sold : 318
Highest price traded on the day : R1581.48
Lowest price traded on the day : R1544.84
Volume weighted average price per share : R1555.72
Transaction value : R494,720.30
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Agit Singh
Company : Rustenburg Platinum Mines Limited
Transaction Date : 14 April 2026
Nature of transaction : On market sale of LTIP shares vested on 14 April 2026
Class of securities : Ordinary shares
Number of securities sold : 758
Highest price traded on the day : R1581.48
Lowest price traded on the day : R1544.84
Volume weighted average price per share : R1555.72
Transaction value : R1,179,238.94
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Yvonne Mfolo
Company : Rustenburg Platinum Mines Limited
Transaction Date : 14 April 2026
Nature of transaction : On market sale of LTIP shares vested on 14 April 2026
Class of securities : Ordinary shares
Number of securities sold : 788
Highest price traded on the day : R1581.48
Lowest price traded on the day : R1544.84
Volume weighted average price per share : R1555.72
Transaction value : R1,225,910.67
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Virginia Tyobeka
Company : Rustenburg Platinum Mines Limited
Transaction Date : 14 April 2026
Nature of transaction : On market sale of LTIP shares vested on 14 April 2026
Class of securities : Ordinary shares
Number of securities sold : 764
Highest price traded on the day : R1581.48
Lowest price traded on the day : R1544.84
Volume weighted average price per share : R1555.72
Transaction value : R1,188,573.29
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Martin Poggiolini
Company : Rustenburg Platinum Mines Limited
Transaction Date : 14 April 2026
Nature of transaction : On market sale of LTIP shares vested on 14 April 2026
Class of securities : Ordinary shares
Number of securities sold : 424
Highest price traded on the day : R1581.48
Lowest price traded on the day : R1544.84
Volume weighted average price per share : R1555.72
Transaction value : R659,627.06
Nature of interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : Fiona Edmundson
Company : Valterra Platinum Limited
Transaction Date : 14 April 2026
Nature of transaction : On market sale of LTIP shares vested on 14 April 2026
Class of securities : Ordinary shares
Number of securities sold : 94
Highest price traded on the day : R1581.48
Lowest price traded on the day : R1544.84
Volume weighted average price per share : R1555.72
Transaction value : R146,238.07
Nature of interest : Direct beneficial
Clearance obtained : Yes
JSE equity sponsor:
Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
JSE debt sponsor:
The Standard Bank of South Africa Limited
For further information, please contact:
Company Secretary
Fiona Edmundson
fiona.edmundson@valterraplatinum.com
Investors:
Leroy Mnguni
leroy.mnguni@valterraplatinum.com
Marcela Grochowina
marcela.grochowina@valterraplatinum.com
Media:
Cindy Maneveld
cindy.maneveld@valterraplatinum.com
ABOUT VALTERRA PLATINUM
Valterra Platinum is one of the world's leading integrated producers of platinum group metals (PGMs) with a
primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange.
We operate world class, long-life mines and the industry's most efficient processing assets, responsibly
mining, smelting, and refining PGMs and associated co-products from operations located in South Africa and
Zimbabwe. With integrated marketing hubs in London, Singapore and Shanghai, we deliver tailored solutions
for our customers. We continue to integrate sustainability into everything we do, invest in our mining and
processing capabilities and advance market development initiatives to grow and commercialise new demand
segments. We make a meaningful impact in the communities where we operate and remain committed to
delivering consistent and superior returns to shareholders. Guided by our purpose of unearthing value to
better our world, we are committed to zero harm, disciplined capital allocation and delivery on our value-
accretive strategic priorities.
Date: 16-04-2026 10:00:00
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