NUTUN LIMITED - Acceptance of Conditional Shares in terms of the Nutun Conditional Share Plan

Acceptance of Conditional Shares in terms of the Nutun Conditional Share Plan

Nutun Limited
(Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06
JSE share code: NTU,
ISIN: ZAE000167391
(“Nutun” or “the Company” or “the Group”)

ACCEPTANCE OF CONDITIONAL SHARES IN TERMS OF THE NUTUN CONDITIONAL SHARE PLAN

Shareholders are referred to the SENS issued by Nutun on 28 July 2026, which noted that Hans Zachar will
be appointed as Chief Executive Officer of Nutun International and Co-Chief Executive Officer of Nutun, with
effect from 1 October 2026.

In compliance with the JSE Limited Listings Requirements (“Listings Requirements”), notification is hereby
given that Hans Zachar, being a director of a major subsidiary, has accepted a conditional right to Nutun
shares issued in terms of the Nutun Limited Conditional Share Plan (“CSP”). The below CSP awards have a
strike price of Rnil and a total five-year vesting period.

Clearances in terms of the Listings Requirements was obtained.

Name of director                                            Hans Zachar
Name of major subsidiary                                    Nutun CX Proprietary Limited
Date transaction was effected                               30 September 2026
Class of security                                           CSP awards in respect of ordinary shares
Number of Nutun Limited shares to be                        11,111,111 shares
delivered
Deemed value per Nutun Limited share*                       R0.90
Deemed total value of transaction                           R10,000,000
Nature of transaction                                       Off market acceptance of CSP awards
Nature of Interest                                          Direct beneficial

*Deemed value price calculated based on 10-day VWAP price, subject to a floor price of R0.90 per share
(being the 10-days immediately prior to the transaction date)

Sandton
30 September 2026

JSE equity sponsor:
Investec Bank Limited

Enquiries:
IR@nutun.com
Date: 30/09/2026 04:15:00
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