Remgro : Mediclinic International Plc (“Mediclinic) Offer Update – Extension to PUSU deadline

Remgro Limited

Incorporated in the Republic of South Africa (Registration number: 1968/006415/06) ISIN: ZAE000026480

JSE and A2X Share code: REM

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY THAT ANY SUCH OFFER WILL BE MADE

FOR IMMEDIATE RELEASE

Response to Mediclinic International plc ("Mediclinic") announcement regarding the potential offer and the extension of the 'Put Up or Shut Up' ("PUSU") deadline in terms of rule 2.6(a) of the Code

Unless the context indicates otherwise (capitalised) defined terms have the meanings given to them in the Response to press speculation on Mediclinic announcement released by Remgro Limited on the Stock Exchange News Service on 9 June 2022 ("Response Announcement").

Shareholders are referred to the Response Announcement wherein it was advised, amongst others, that Remgro and MSC Mediterranean Shipping Company SA, acting through its wholly owned subsidiary SAS Shipping Agencies Services Sarl ("SAS") (Remgro and SAS being the Consortium), were required, by no later than 5.00 p.m. on 7 July 2022 ("PUSU Deadline") to either: (i) announce a firm intention to make an offer, subject to conditions or pre-conditions if relevant, for Mediclinic in accordance with Rule 2.7 of the Code; or (ii) announce that it does not intend to make an offer for Mediclinic.

Shareholders are advised that Mediclinic has today released an announcement regarding further developments on the Proposal including an extension of the PUSU Deadline ("Extension Announcement"). Shareholders are referred to the Extension Announcement published on the London Stock Exchange with Share code: MDC, the JSE with Share Code: MEI and the Namibia Stock Exchange with Share Code: MEP and which can be accessed on the Mediclinic website at https://investor.mediclinic.com/regulatory-news/offer-mediclinic-international-plc,for further details regarding the Proposal and the PUSU Deadline.

A further announcement will be made as appropriate.
Enquiries
Remgro Limited	Tel: + 27 21 888 3000
Lwanda Zingitwa
Teneo (Media Enquiries)
London
Doug Campbell	Tel: + 44 7753 136628
Rob Yates	Tel: [phone]
South Africa
Robyn Chalmers	Tel: [phone]

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Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of

1. the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3. Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on [phone] if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Publication on Website

A copy of this announcement will be made available subject to certain restrictions relating to persons resident in restricted jurisdictions on the Remgro and MSC respective websites at www.remgro.com and www.MSC.com by no later than 12 noon (London time) on the business day following the date of this announcement. The content of these websites are not incorporated into and do not form part of this announcement.

Overseas Jurisdictions

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe any applicable requirements. This announcement has been prepared for the purposes of complying with English law and the Code and the information disclosed in this announcement may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the United Kingdom.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1993, as

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amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

Stellenbosch

7 July 2022

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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