NET ASSET VALUE OF REINET FUND S.C.A., F.I.S. AS AT 31 MARCH 2024

Reinet Investments SCA / Key word(s): Quarter Results
NET ASSET VALUE OF REINET FUND S.C.A., F.I.S. AS AT 31 MARCH 2024

26-Apr-2024 / 07:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Reinet Investments S.C.A.'s wholly-owned subsidiary, Reinet Fund S.C.A.,
F.I.S. has today announced its net asset value as at 31 March 2024 as
follows:

Quote

Reinet Fund S.C.A., F.I.S. ('Reinet Fund')

Net asset value per share as at 31 March 2024

As at 31 March 2024, the net asset value ('NAV') per share of Reinet Fund
amounted to EUR 36.11 (31 December 2023: EUR 33.47) based on 171.3 million
shares in issue.

The entire ordinary share capital of Reinet Fund of 171.3 million shares is
owned by Reinet Investments S.C.A. In addition, 1 000 management shares in
Reinet Fund are held by Reinet Fund Manager S.A.

As at 31 March 2024, the NAV amounted to EUR 6 185 million, an increase of EUR
451 million from 31 December 2023.

The NAV reflects Reinet Fund's shareholding in Pension Insurance Corporation
Group Limited, British American Tobacco p.l.c., its other investments and
cash resources, together with other assets and liabilities. Assets and
liabilities have been revalued to their estimated fair values as at 31 March
2024. The NAV calculation is subject to completion of the year-end audit.

Unquote

The NAV of Reinet Fund is a substantial element of the consolidated balance
sheet of Reinet Investments S.C.A. at 31 March 2024. However, the
consolidated balance sheet of Reinet Investments S.C.A. will reflect other
parent company assets and liabilities, including cash and amounts payable to
or receivable from Reinet Fund. As such, the NAV of Reinet Investments
S.C.A. differs from that of Reinet Fund.

The NAV of Reinet Investments S.C.A. will be published in due course and
dividing that value by the total number of shares outstanding (excluding
treasury shares) of 181.8 million will result in a NAV per share for Reinet
Investments S.C.A. which will differ from that of Reinet Fund.

Reinet Investments Manager S.A.

for and on behalf of Reinet Investments S.C.A.

Reinet Investments S.C.A. (the 'Company') is a partnership limited by shares
incorporated in the Grand Duchy of Luxembourg and having its registered
office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by
the Luxembourg law on Securitisation and in this capacity allows its
shareholders to participate indirectly in the portfolio of assets held by
its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S., a specialised
investment fund also incorporated in Luxembourg. The Company's ordinary
shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and
the Johannesburg Stock Exchange; the listing on the Johannesburg Stock
Exchange is a secondary listing. The Company's ordinary shares are included
in the 'LuxX' index of the principal shares traded on the Luxembourg Stock
Exchange.

Reinet Investments S.C.A.
R.C.S. Luxembourg B 16 576
Legal Entity Identifier : 222100830RQTFVV22S80
Registered office: 35, boulevard Prince Henri, L-1724 Luxembourg, Tel.
(+352) 22 42 10, Fax (+352) 22 72 53
Email: info@reinet.com, website: www.reinet.com


News Source: Reinet Investments SCA


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End of Inside Information

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   Language:       English
   Company:        Reinet Investments SCA
                   35, Boulevard Prince Henri
                   1724 Luxemburg
                   Luxemburg
   Phone:          +352 22 72 53
   E-mail:         info@reinet.com
   ISIN:           LU0383812293
   Valor:          4503016
   Listed:         Regulated Unofficial Market in Berlin, Frankfurt, Munich
   EQS News ID:    1890091

End of Announcement EQS News Service
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1890091 26-Apr-2024 CET/CEST