Dealings in Securities by Executive Directors and Prescribed Officers:Acceptance of long-term incentive share awards Balwin Properties Limited (Incorporated in the Republic of South Africa) Registration number 2003/028851/06 Share code: BWN ISIN: ZAE000209532 (“Balwin” or “the Group”) DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS: ACCEPTANCE OF LONG-TERM INCENTIVE SHARE AWARDS In compliance with the JSE Listings Requirements, shareholders are advised that bonus shares have been awarded to executive directors and prescribed officers of the company as pertaining to the financial year ended 28 February 2021. The bonus shares were awarded on 13 August 2021 in terms of the company’s conditional share plan (“CSP”). Details of the CSP are contained in the Remuneration Report contained in the group’s Integrated Annual Report. In compliance with rules 3.63 to 3.66 of the JSE Listings Requirements, the following information is disclosed: Directors of Balwin Properties Limited Name of director: Stephen Volker Brookes Designation: Chief Executive Officer Name of company: Balwin Properties Limited Date of acceptance: 26 October 2021 Number of shares: 773 248 Deemed price: R4.2288 Total value: R3 269 911 Nature of transaction: Off-market acceptance of CSP awards Nature of interest: Direct beneficial Clearance obtained: Yes Name of prescribed officer: Rodney Norman Gray Designation: Managing Director Name of company: Balwin Properties Limited Date of acceptance: 26 October 2021 Number of shares: 590 338 Deemed price: R4.2288 Total value: R2 496 423 Nature of transaction: Off-market acceptance of CSP awards Nature of interest: Direct beneficial Clearance obtained: Yes Name of director: Jonathan Weltman Designation: Chief Financial Officer Name of company: Balwin Properties Limited Date of acceptance: 26 October 2021 Number of shares: 343 067 Deemed price: R4.2288 Total value: R1 450 760 Nature of transaction: Off-market acceptance of CSP awards Nature of interest: Direct beneficial Clearance obtained: Yes Name of prescribed officer: Ulrich Gschnaidtner Designation: Chief Projects Officer Name of company: Balwin Properties Limited Date of acceptance: 26 October 2021 Number of shares: 462 236 Deemed price: R4.2288 Total value: R1 954 702 Nature of transaction: Off-market acceptance of CSP awards Nature of interest: Direct beneficial Clearance obtained: Yes Bedfordview 28 October 2021 Sponsor Investec Bank Limited Date: 28-10-2021 10:17:00 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.