2021 B-BBEE Annual Compliance Report

As part of the dual listed company structure, Ninety One plc and Ninety One Limited notify both the LSE and the JSE Limited of matters which are required to be disclosed under the Disclosure Guidance, Transparency Rules and Listing Rules of the United Kingdom Listing Authority and/or the JSE Listings Requirements.

NINETY ONE LIMITED

BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT ("THE ACT"): ANNUAL COMPLIANCE REPORT

In accordance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the Company's annual compliance report in terms of section 13G(2) of the Act, as submitted to the BEE Commissioner, has been published and is available on Ninety One's website at www.ninetyone.com.

By order of the Board

Ninety One Africa Proprietary Limited

Company Secretary

23 July 2021

JSE Sponsor:

J.P. Morgan Equities South Africa Proprietary Limited