Summary of Consolidated Financial Results for the year ended 31 December 2021 AREIT PROP LIMITED Approved as a REIT (Incorporated in the Republic of South Africa) (Registration number 2021/837953/06) (aReit Prop” or “the Company”) ISIN Code: ZAE000306585 | JSE Code: APO SUMMARY OF CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021 Shareholders are advised that the Company was newly incorporated on 9 September 2021 ahead of the listing and did not trade from incorporation up to the year end. The only transaction was the acquisition of the leasehold properties with effect from 31 December 2021. Accordingly, only the net asset value per share information has been presented. The per share information is set out below: Figures in Rand 31 December 2022 Net asset value per share (cents) 913.9 Number of shares in issue 100 000 000 Prospects aReit Prop’s business strategy is to invest in yield-enhancing assets and areas that offer consistent, long-term rental growth. The asset and property management function are carried out internally by aReit Prop’s experienced management team with a view to extracting maximum value from each property. Whilst the current properties are leasehold properties and are ungeared, the Company does envisage acquiring freehold properties and gearing same, at appropriate levels, within the requirements for a REIT. There is no intention to gear the existing leasehold properties. With a secure rental income, strong balance sheet and no gearing, aReit Prop has a solid base that will provide the ability to invest in various real estate sectors both locally and internationally through further leasehold and freehold property acquisitions, utilising both debt and equity associated with such acquisitions. The group expects that it will be able to add significantly to its property portfolio on a yield-enhancing basis for its investors over time. The short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement and does not contain full or complete details. Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement published on SENS and the Company’s website as a whole. The full announcement can be found on the Company’s website at www.areitprop.co.za/sens/ and also at the following link: https://senspdf.jse.co.za/documents/2022/JSE/ISSE/APOE/APIAR2021.pdf Mazars, the group’s independent auditors, has audited the consolidated annual financial statements of the Group for the year end 31 December 2021, and has expressed an unqualified audit opinion thereon. The Financial Statements were approved by shareholders on 28 February 2022 prior to the listing and changes in shareholding. Copies of the full announcement may also be requested at the Company’s registered office and at the offices of the sponsor, at no charge, during office hours. Any investment decision should be based on the full announcement released on SENS on 1 March 2021 and published on the Company's website at www.areitprop.co.za as a whole, copies of which may be requested at the company's registered office, and the offices of the sponsors, AcaciaCap Advisors, at no charge. Prepared by: AH Ismail CA (SA) 1 March 2022 Sponsor AcaciaCap Advisors Proprietary Limited Date: 01-03-2022 05:12:00 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.