As part of the dual-listed companies' structure, Ninety One plc and Ninety One Limited (together 'Ninety One') notify both the London Stock Exchange ('LSE') and the Johannesburg Stock Exchange ('JSE') of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules and Listing Rules of the Financial Conduct Authority and/or the Listings Requirements of the JSE.

Expected completion of Ninety One's acquisition of Sanlam Investment Management Proprietary Limited and commencement of the long-term strategic relationship between Ninety One and Sanlam

Following the joint announcements released by Ninety One and Sanlam Limited and Sanlam Life Insurance Limited (together 'Sanlam') on 20 November 2024 and 6 March 2025 regarding the creation of a long-term active asset management relationship between Ninety One and Sanlam (the 'Transaction'), Ninety One is pleased to announce that the South African component of the Transaction (the 'SA Transaction') is expected to complete on Monday, 2 February 2026. The SA Transaction involves, among other things, the acquisition by Ninety One Limited of all of the shares in Sanlam Investment Management Proprietary Limited and the creation of the initial 15-year strategic relationship between Ninety One and the Sanlam Group. The strategic relationship will commence on completion of the SA Transaction.  

Issuance of consideration shares

In accordance with the terms of, and as consideration for, the SA Transaction, Ninety One will issue and allot:

-       32,832,475 ordinary Ninety One plc shares to Sanlam Investment Holdings Proprietary Limited (the 'NPLC SIH Consideration Shares');

-       66,592,115 ordinary Ninety One Limited shares to Sanlam Investment Holdings Proprietary Limited (the 'NLTD Consideration Shares'); and

-       12,594,619 ordinary Ninety One plc shares to Sanlam Life Insurance Limited and together with the NPLC SIH Consideration Shares, the 'NPLC Consideration Shares'),

on completion of the SA Transaction, which is expected to take place on Monday, 2 February 2026.

Applications have been made for the NPLC Consideration Shares to be admitted to trading on the Main Market of the LSE for listed securities, as well as to listing and trading on the Main Board of the JSE (together the 'NPLC Admissions'). An application has also been made for the NLTD Consideration Shares to be admitted to listing and trading on the Main Board of the JSE (together with the NPLC Admissions, the 'Admissions'). The Admissions are expected to take place at 08:00 (GMT) / 10:00 (SAST) on Monday, 2 February 2026. 

Date of release: 30 January 2026

For enquiries please contact:

Investor relations

Ninety One Investor Relations                                                          ir@ninetyone.com                              

JSE Sponsor to Ninety One:

J.P. Morgan Equities South Africa (Pty) Ltd