BRAIT SE - Dealings in securities by associates of directors

Dealings in securities by associates of directors

Brait SE
(Registered in Malta as a European Company)
(Registration No.SE1)
Share code: BAT ISIN: LU0011857645
Bond codes: WKN: A1Z6XC ISIN: XS1292954812 and WKN: A2SBSU ISIN: XS2088760157
LEI code: 549300VB8GBX4UO7WG59
("Brait")

DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS

In accordance with the requirements of European Union regulations and the JSE Limited, the notification and public
disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
is set out below:

1.      Details of the person discharging managerial responsibilities/person closely associated
a)      Name                              Incapart Investments (Pty) Ltd

2.      Reason for the notification
a)      Position / status                 Person Closely Associated with a PDMR*
b)      Initial notification / amendment  Initial notification

3.      Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
        monitor
a)      Name                              Brait SE
b)      LEI                               549300VB8GBX4UO7WG59

4.      Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of
        transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)      Description of the financial      Ordinary Shares
        instrument, type of instrument
        Identification code               BATN ISIN: LU0011857645
b)      Nature of the transaction         Subscription for Ordinary Shares pursuant to Rights Offer
c)      Price(s) and volume(s)            Price(s)                                   Volume(s)
                                          R 6.60                                     95,575,813
d)      Aggregated information
        Aggregated volume                 95,575,813
        Price                             R 6.60
e)      Date of the transaction      2020-02-17
f)      Place of the transaction          On market (Johannesburg Stock Exchange)

* Incapart Investments is ultimately controlled by a trust of which Dr CH Wiese is a trustee and beneficiary. Dr CH
Wiese is a director of Brait SE.

1.      Details of the person discharging managerial responsibilities/person closely associated
a)      Name                              Coala Bear Trading (Pty) Ltd

2.      Reason for the notification
a)      Position / status                 Person Closely Associated with a PDMR^
b)      Initial notification / amendment  Initial notification

3.      Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
        monitor
a)      Name                              Brait SE
b)      LEI                  549300VB8GBX4UO7WG59

4.      Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of
        transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)      Description of the financial         Ordinary Shares
        instrument, type of instrument
        Identification code               BATN ISIN: LU0011857645
b)      Nature of the transaction         Subscription for Ordinary Shares pursuant to Rights Offer
c)      Price(s) and volume(s)            Price(s)                                   Volume(s)
                                          R 6.60                                     3,416,276
d)      Aggregated information
        Aggregated volume                 3,416,276
        Price                             R 6.60
e)      Date of the transaction           2020-02-17
f)      Place of the transaction          On market (Johannesburg Stock Exchange)

^ Coala Bear Trading is ultimately controlled by a trust of which Dr CH Wiese is a trustee and beneficiary. Dr CH
Wiese is a director of Brait SE.

1.      Details of the person discharging managerial responsibilities/person closely associated
a)      Name                              Ceta Trading (Pty) Ltd

2.      Reason for the notification
a)      Position / status                 Person Closely Associated with a PDMR#
b)      Initial notification / amendment  Initial notification

3.      Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
        monitor
a)      Name                              Brait SE
b)      LEI                               549300VB8GBX4UO7WG59

4.      Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of
        transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)      Description of the financial      Ordinary Shares
        instrument, type of instrument
        Identification code               BATN ISIN: LU0011857645
b)      Nature of the transaction         Subscription for Ordinary Shares pursuant to Rights Offer
c)      Price(s) and volume(s)            Price(s)                                   Volume(s)
                                          R 6.60                                     11,882,983
d)      Aggregated information
       Aggregated volume                 11,882,983
        Price                             R 6.60
e)      Date of the transaction           2020-02-17
f)      Place of the transaction          On market (Johannesburg Stock Exchange)

#
   Ceta Trading is ultimately controlled by a trust of which Dr CH Wiese is a trustee and beneficiary. Dr CH Wiese is a
director of Brait SE.

1.      Details of the person discharging managerial responsibilities/person closely associated
a)      Name                              Mayborn Investments 143 (Pty) Ltd

2.      Reason for the notification
a)      Position / status                 Person Closely Associated with a PDMR~
b)      Initial notification / amendment  Initial notification

3.      Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
        monitor
a)      Name                              Brait SE
b)      LEI                               549300VB8GBX4UO7WG59

4.      Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of
        transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)      Description of the financial       Ordinary Shares
        instrument, type of instrument
        Identification code               BATN ISIN: LU0011857645
b)      Nature of the transaction         Subscription for Ordinary Shares pursuant to Rights Offer
c)      Price(s) and volume(s)            Price(s)                                   Volume(s)
                                          R 6.60                              22,226,019
d)      Aggregated information
        Aggregated volume                 22,226,019
        Price                             R 6.60
e)      Date of the transaction           2020-02-17
f)      Place of the transaction          On market (Johannesburg Stock Exchange)

~ Mayborn Investments 143 is ultimately controlled by a trust of which Dr CH Wiese is a trustee and of which his son
is a beneficiary and trustee. Dr CH Wiese is a director of Brait SE.

1.      Details of the person discharging managerial responsibilities/person closely associated
a)      Name                              Wikalox Investments (Pty) Ltd

2.      Reason for the notification
a)      Position / status                 Person Closely Associated with a PDMR**
b)      Initial notification / amendment  Initial notification

3.      Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
        monitor
a)      Name                              Brait SE
b)      LEI                               549300VB8GBX4UO7WG59

4.      Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of
        transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)      Description of the financial      Ordinary Shares
        instrument, type of instrument
        Identification code               BATN ISIN: LU0011857645
b)      Nature of the transaction         Subscription for Ordinary Shares pursuant to Rights Offer
c)      Price(s) and volume(s)            Price(s)                                   Volume(s)
                                          R 6.60                                     337,400
d)      Aggregated information
        Aggregated volume                 337,400
        Price                             R 6.60
e)      Date of the transaction           2020-02-17
f)      Place of the transaction          On market (Johannesburg Stock Exchange)

** Wikalox Investments is ultimately controlled by a trust of which Dr CH Wiese is a trustee and of which his son is a
beneficiary and trustee. Dr CH Wiese is a director of Brait SE.

1.      Details of the person discharging managerial responsibilities/person closely associated
a)      Name                              Mr HRW Troskie

2.      Reason for the notification
a)      Position / status                 PDMR^^
b)      Initial notification / amendment  Initial notification

3.      Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
        monitor
a)      Name                              Brait SE
b)      LEI                               549300VB8GBX4UO7WG59

4.      Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of
        transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)      Description of the financial      Ordinary Shares
        instrument, type of instrument
        Identification code               BATN ISIN: LU0011857645
b)      Nature of the transaction         Subscription for Ordinary Shares pursuant to Rights Offer
c)      Price(s) and volume(s)            Price(s)                                   Volume(s)
                                          R 6.60                                     84,350
d)      Aggregated information
        Aggregated volume                 84,350
        Price                             R 6.60
e)      Date of the transaction           2020-02-17
f)      Place of the transaction          On market (Johannesburg Stock Exchange)

^^ Mr HRW Troskie is a director of Brait SE.

1.      Details of the person discharging managerial responsibilities/person closely associated
a)      Name                              Opstaan Beleggings (Pty) Ltd

2.      Reason for the notification
a)      Position / status                 Person Closely Associated with a PDMR~~
b)      Initial notification / amendment  Initial notification

3.      Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
        monitor
a)      Name                              Brait SE
b)      LEI                               549300VB8GBX4UO7WG59

4.      Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of
        transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)      Description of the financial      Ordinary Shares
        instrument, type of instrument
        Identification code               BATN ISIN: LU0011857645
b)      Nature of the transaction         Subscription for Ordinary Shares pursuant to Rights Offer
c)      Price(s) and volume(s)            Price(s)                                   Volume(s)
                                          R 6.60                                     10,122
d)      Aggregated information
        Aggregated volume                 10,122
        Price                             R 6.60
e)      Date of the transaction           2020-02-17
f)      Place of the transaction          On market (Johannesburg Stock Exchange)

~~
     Mr P Roelofse (an alternate director on Brait SE) is a director on Opstaan Beleggings.


1.      Details of the person discharging managerial responsibilities/person closely associated
a)      Name                              Mr B Childs

2.      Reason for the notification
a)      Position / status                 Person Closely Associated with a PDMR##
b)      Initial notification / amendment  Initial notification

3.      Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
        monitor
a)      Name                              Brait SE
b)      LEI                               549300VB8GBX4UO7WG59

4.      Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of
        transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)      Description of the financial      Ordinary Shares
        instrument, type of instrument
        Identification code               BATN ISIN: LU0011857645
b)      Nature of the transaction         Subscription for Ordinary Shares pursuant to Rights Offer
c)      Price(s) and volume(s)            Price(s)                                   Volume(s)
                                          R 6.60                                     22,000
d)      Aggregated information
        Aggregated volume                 22,000
        Price                             R 6.60
e)      Date of the transaction           2020-02-17
f)      Place of the transaction          On market (Johannesburg Stock Exchange)

##
     Mr B Childs is a director of Brait SE's indirectly wholly owned subsidiary, Brait Mauritius Limited.


Malta
20 February 2020

Brait is primarily listed and admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange and its
secondary listing is on the Johannesburg Stock Exchange.

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 20-02-2020 05:40:00
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