VOLUNTARY ANNOUNCEMENT
09-07-2021

Name of Issuer Transformational Investment Portfolio One Limited
Country of Incorporation Republic of South Africa
Registration Number 2017/458073/06
ISIN Number ZAEZ00000042
Share Code ZXTIP

VOLUNTARY ANNOUNCEMENT:

Shareholders are advised that the Company has acquired shares in Phuthuma Nathi Investments (RF) Limited (Phuthuma Nathi)

TIP One shareholders are advised that the Company has acquired

2 000 Phuthuma Nathi Investments (RF) Limited (Phuthuma Nathi) shares at an average net price of R144.75 per share.

All the Phuthuma Nathi shares were acquired on the open market. The acquisition of the Phuthuma Nathi shares is in line with the

Company’s strategy to build a diversified investment portfolio through broad-based black economic empowerment schemes that are

invested in listed companies or components thereof.

Phuthuma Nathi is a listed, broad-based black economic empowerment share scheme that serves as a platform for qualifying

members to indirectly invest in MultiChoice South Africa Holdings Proprietary Limited (“MultiChoice South Africa”).

Phuthuma Nathi holds 25% of the issued share capital of MultiChoice South Africa.

By order of the Board of Directors

Johannesburg
09 July 2021

Appointed Advisor
Questco Corporate Advisory Proprietary Limited