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 ('FCA') and/or the Listings Requirements of the JSE.

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'), and further to the announcement released by Ninety One on 30 January 2026, Ninety One is pleased to announce that the South African component of the Transaction (the 'SA Transaction') completed today, Monday, 2 February 2026. The SA Transaction involved, 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 came into effect on completion of the SA Transaction.  

Admission of Ninety One shares

In accordance with the terms of the SA Transaction, Ninety One issued and allotted:

-       32,832,475 ordinary Ninety One plc shares with a nominal value of GBP 0.0001 each to Sanlam Investment Holdings Proprietary Limited (the 'NPLC SIH Consideration Shares');

-       66,592,115 ordinary Ninety One Limited shares of no par value to Sanlam Investment Holdings Proprietary Limited (the 'NLTD Consideration Shares'); and

-       12,594,619 ordinary Ninety One plc shares with a nominal value of GBP 0.0001 to Sanlam Life Insurance Limited (together with the NPLC SIH Consideration Shares, the 'NPLC Consideration Shares'),

today, Monday, 2 February 2026 as consideration for the SA Transaction.

Ninety One is pleased to confirm that the NPLC Consideration Shares were admitted to trading on the Main Market of the LSE for listed securities, and the NPLC Consideration Shares and the NLTD Consideration Shares were admitted to listing and trading on the Main Board of the JSE, with effect from 08:00 (GMT) / 10:00 (SAST) today, Monday, 2 February 2026. The NPLC Consideration Shares form part of a class of securities that have already been admitted to the Equity Shares (Commercial Companies) category of the Official List of the FCA.

Date of release: 2 February 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