ZED Passing of Independent Non-Executive Director of the Company ZEDER INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2006/019240/06) Share code: ZED ISIN: ZAE000088431 LEI: 37890022AF5FD117D649 (the Company) PASSING OF INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, the board of directors of the Company (the Board) regrets to advise shareholders that Professor Mohammad Karaan (Prof. Karaan), who served as an independent non-executive director and member of the Boards remuneration and nomination committees, sadly passed away on Wednesday, 13 January 2021. Prof. Karaan had a passion for agriculture and was highly regarded in the agribusiness sector. He was appointed to the Board on 6 April 2016 and made an invaluable contribution to the Company. His passing is a huge loss to the South African agricultural sector and he will be remembered as a remarkable individual and friend. The Board, executive management and all staff of the Company extend our deepest sympathies to Prof. Karaans family, friends and colleagues. Stellenbosch 14 January 2021 Sponsor PSG Capital Independent joint sponsor UBS South Africa Date: 14-01-2021 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.