Dealings in securities by Executive Directors and Prescribed Officers: Vesting of Long-Term Incentive Shares Balwin Properties Limited (Incorporated in the Republic of South Africa) Registration number 2003/028851/06 Share code: BWN ISIN: ZAE000209532 (“Balwin” or “the Group” or “the Company”) DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS: VESTING OF LONG- TERM INCENTIVE SHARES In compliance with the JSE Listings Requirements, shareholders are advised of the vesting of bonus shares to executive directors and prescribed officers of the Company. The bonus shares were issued in terms of the Company’s conditional share plan (“CSP”) on 31 July 2019 as pertaining to the financial year ended 28 February 2019. Details of the CSP are included in the Remuneration Report as 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: (*) the disposal of shares is to settle tax obligations arising from the vested bonus shares. Directors of Balwin Properties Limited Name of director: Stephen Volker Brookes Designation: Chief Executive Officer Name of associate: Volker Holdings Pty Limited Name of company: Balwin Properties Limited Date of vesting: 30 June 2022 Number of shares: 615 355 Deemed price: R2.55 Total value: R1 570 632.84 Nature of transaction: Off-market vesting of CSP awards Nature of interest: Indirect beneficial Clearance obtained: Yes Name of prescribed officer: Rodney Norman Gray Designation: Managing Director Name of associate: Rodna Investments Pty Limited Name of company: Balwin Properties Limited Date of vesting: 30 June 2022 Number of shares: 468 396 Deemed price: R2.55 Total value: R1 195 534.51 Nature of transaction: Off-market vesting of CSP awards Nature of interest: Indirect beneficial Clearance obtained: Yes Name of prescribed officer: Rodney Norman Gray Designation: Managing Director Name of company: Balwin Properties Limited Date of transaction: 2 August 2022 Number of shares: 217 804 Weighted average price R2.55 per share: Price per share – high: R2.70 Price per share – low: R2.44 Total value: R555 923 Nature of transaction: On-market disposal (*) of shares that have vested in respect of the CSP for the 2019 financial year Nature of interest: Direct beneficial Clearance obtained: Yes Name of director: Jonathan Bigham Designation: Chief Finance Officer Name of company: Balwin Properties Limited Date of vesting: 30 June 2022 Number of shares: 46 667 Deemed price: R2.55 Total value: R119 112.91 Nature of transaction: Off-market vesting of CSP awards accepted 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 vesting: 30 June 2022 Number of shares: 383 289 Deemed price: R2.55 Total value: R978 307.30 Nature of transaction: Off-market vesting 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 transaction: 2 August 2022 Number of shares: 383 289 Weighted average price R2.55 per share: Price per share – high: R2.70 Price per share – low: R2.44 Total value: R978 307.30 Nature of transaction: On-market disposal of shares that have vested in respect of the CSP for the 2019 financial year Corlett Drive 4 August 2022 Sponsor Investec Bank Limited Date: 04-08-2022 04:13:00 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.