EQUITES PROPERTY FUND LIMITED - Dealings in securities by directors of Equites

Dealings in securities by directors of Equites

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU ISIN: ZAE000188843
JSE alpha code: EQUI
(Approved as a REIT by the JSE)
("Equites" or "the Company")


DEALINGS IN SECURITIES BY DIRECTORS OF EQUITES


Following the decision by all three executive directors to defer the vesting of their February 2023 conditional
share awards in terms of the rules of the Equites Conditional Share Plan ("CSP"), shareholders and
noteholders are advised of the following information relating to the issue of shares under the CSP.

The rules of the CSP allow participants to defer the vesting of the applicable tranche of shares by a further
24 months which will result in the conditional share awards increasing on a 3-for-1 basis by the issue of
matching shares ("the Matching Facility") provided that the participant remains in the Company's
employment and does not sell any of the shares in that tranche for these further 24 months. The following
directors have elected to defer vesting in respect of their February 2023 conditional share awards and
accordingly the shares issued will be pledged to the Company for a further 24 months:

Name of director:                                 Andrea Taverna-Turisan (Chief Executive Officer)
Date of transaction:                              4 June 2026
Class of securities:                              Ordinary shares
Number of securities:                             433 659
Price per security:                               R17.58
Total value of transaction:                       R7 623 725.22
Nature of transaction:                            Off-market issue and pledge of shares in terms of the CSP
Nature and extent of director's interest:         Direct beneficial
Clearance to deal received:                       Yes

Name of director:                                 Riaan Gous (Chief Operating Officer)
Date of transaction:                              4 June 2026
Class of securities:                              Ordinary shares
Number of securities:                             312 052
Price per security:                               R17.58
Total value of transaction:                       R 5 485 874.16
Nature of transaction:                            Off-market issue and pledge of shares in terms of the CSP
Nature and extent of director's interest:         Direct beneficial
Clearance to deal received:                       Yes

Name of director:                                 Laila Razack (Chief Financial Officer)
Date of transaction:                              4 June 2026
Class of securities:                              Ordinary shares
Number of securities:                             253 565
Price per security:                               R17.58
Total value of transaction:                       R 4 457 672.70
Nature of transaction:                            Off-market issue and pledge of shares in terms of the CSP
Nature and extent of director's interest:         Direct beneficial
Clearance to deal received:                       Yes

Shareholders are referred to the specific repurchase authority granted to the Company on 13 August 2025, in
terms of which Equites is authorised to repurchase performance shares and matching shares ("settlement
shares") which have settled to participants of the CSP (as opposed to participants selling a portion of the
settlement shares on-market to cover the tax liability due on vesting). In accordance with the specific authority,
a total of 355 701 settlement shares were repurchased from the following CSP participants on 4 June 2026 at
a price of R17.58 per share (being the 30-day volume weighted average price per Equites share on 29 May
2026) for an aggregate consideration of R6 253 223.58:

 Participant                               Settlement shares vested in       Settlement shares repurchased
                                        respect of February 2021 award
 Andrea Taverna-Turisan                                        314 523                             146 254
 Riaan Gous                                                    226 324                             105 242
 Laila Razack                                                  183 905                              85 516
 Warren Douglas                                                 24 509                              11 398
 Wouter Hanekom                                                  7 584                               3 527
 Nasreen Mukuddem                                                8 092                               3 764
 Total                                                         764 937                             355 701

5 June 2026


Sponsor
Java Capital

Debt sponsor
Nedbank Corporate and Investment Banking, 
a division of Nedbank Limited
Date: 05-06-2026 02:00:00
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