Intended purchase of shares by the TWK Customer Loyalty Scheme Trust and the TWK Agri Aandele Aansporings Trust
25-02-2021

Name of Issuer TWK Investments Limited
Country of Incorporation ZA
Registration Number 1997/012251/06
ISIN Number ZAEZ00000034
Share Code ZXTWI

Intended purchase of shares by the TWK Customer Loyalty Scheme Trust and the TWK Agri Aandele Aansporings Trust

Shareholders are hereby advised that the trustees of the TWK Customer Loyalty Scheme Trust and the TWK Agri Aandele Aansporings Trust have notified the company of its intention to provide a mandate to an independent broker to purchase shares in TWK Investments Ltd. on their behalf.

The reason for the intended purchase is to ensure the future availability of sufficient shares to be awarded to TWK clients in terms of the TWK Customer Loyalty Scheme and to TWK staff in terms of the TWK Long Term Staff Incentive Option Scheme.

The trustees have indicated their intention to jointly purchase up to 175,000 (One hundred and seventy five thousand) shares in the open market at prevailing share prices from time to time. Share purchases will commence on 26 February 2021 and will continue until the respective Trusts have acquired the intended number of shares, or until the date that the trustees terminate the mandate provided to the broker.

The TWK Board is of the opinion that the intended purchase of shares by the Trusts is fair and reasonable.

By order of the Board of Directors.

MJ Potgieter
COMPANY SECRETARY

Piet Retief
25 February 2021