Disclosure of Significant Holding of Bidvest Ordinary Shares

The announcement

Disclosure of Significant Holding of Bidvest Ordinary Shares

THE BIDVEST GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1946/021180/06
Share code: BVT
ISIN: ZAE000117321
(“Bidvest” or “the Company”)

DISCLOSURE OF SIGNIFICANT HOLDING OF BIDVEST ORDINARY SHARES

In compliance with Section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008), as
amended (“Companies Act”) and paragraph 6.54 of the Listings Requirements of the JSE
Limited, shareholders are advised of the following:

i.    BlackRock Inc notified the Company that accounts under its management have
      increased their holding in the Company, such that their total interest in the Company
      now amounts to 5.00% of the total issued shares of the Company; and

ii.   Lazard Asset Management LLC notified the Company that accounts under its
      management have increased their holding in the Company, such that their total
      interest in the Company now amounts to 10.02% of the total issued shares of the
      Company.

As required by section 122(3)(a) of the Companies Act, Bidvest has filed the required
notice with the Takeover Regulation Panel.

In making this announcement, the Bidvest Board has relied on the accuracy of the
information contained in the notification from BlackRock Inc and Lazard Asset
Management LLC and accepts responsibility for such information as it relates to the
Company. The Board confirms that to the best of its knowledge and belief, this
information is true and does not omit anything likely to affect the importance of this
disclosure.

Date: 03 November 2026

Johannesburg
Sponsor: Investec Bank Limited
Date: 03/11/2026 02:19:00
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