Adhoc: Reinet Investments SCA: Management Statement for the third quarter ended 31 December 2024

Reinet Investments SCA / Key word(s): Quarter Results
MANAGEMENT STATEMENT FOR THE THIRD QUARTER ENDED 31 DECEMBER 2024

24-Jan-2025 / 07:00 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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The Board of Directors of Reinet Investments Manager S.A. announces the results of Reinet
Investments S.C.A. for the quarter ended 31 December 2024.

Key financial data

• Reinet's net asset value of € 6.9 billion reflects a compound growth rate of 9.2 per cent per annum in euro terms, since March 2009, including dividends paid
  
• The net asset value at 31 December 2024 reflects an increase of € 338 million or 5.1 per cent from € 6 591 million at 30 September 2024
  
• Net asset value per share at 31 December 2024: € 38.12 (30 September 2024: € 36.25)
  
• Commitments totalling € 41 million in respect of existing investments were made during the quarter, with a total of € 41 million funded
  
• Dividend from British American Tobacco p.l.c. in the quarter amounted to € 31 million

• Sale of 5 million British American Tobacco p.l.c. shares in the quarter realising proceeds of € 179 million

• In January 2025, Reinet sold its remaining 43.3 million shares in British American Tobacco p.l.c. realising proceeds of € 1 448 million

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. ('Reinet Fund'), 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. The Company and Reinet Fund together with Reinet Fund's subsidiaries are referred to as 'Reinet'.

Cautionary statement regarding forward-looking statements
This document contains forward-looking statements which reflect the current views and beliefs of the Company, as well as assumptions made by the Company and information currently available. Words such as 'may', 'should', 'estimate', 'project', 'plan', 'believe', 'expect', 'anticipate', 'intend', 'potential', 'goal', 'strategy', 'target', 'will', 'seek' and similar expressions may identify forward-looking statements. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside Reinet's control. The Company does not undertake to update, nor does it have any obligation to provide updates or to revise, any forward-looking statements.

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. [phone], Fax [phone]
Email: [e-mail], website: www.reinet.com

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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:	[phone]
E-mail:	[e-mail]
ISIN:	LU0383812293
Valor:	4503016
Listed:	Regulated Unofficial Market in Berlin, Frankfurt, Munich
EQS News ID:	2073925

End of Announcement	EQS News Service

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2073925 24-Jan-2025 CET/CEST