Update and Renewal Cautionary Announcement Burstone Group Limited (Previously Investec Property Fund Limited) Approved as a REIT by the JSE (Incorporated in the Republic of South Africa) (Registration number 2008/011366/06) Share code: BTN ISIN: ZAE000180915 Bond Code: BTN ("Burstone" or "the Group") UPDATE REGARDING POTENTIAL FORMATION OF A STRATEGIC PARTNERSHIP IN THE PAN-EUROPEAN LOGISTICS PORTFOLIO AND RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement published on SENS on 12 July 2024 where shareholders were advised that Burstone has entered into exclusive negotiations regarding the potential formation of a strategic partnership with funds advised by affiliates of Blackstone Europe LLP (the "Purchaser") under the terms of which Burstone will dispose of a majority of its stake in its Pan-European Logistics portfolio to the Purchaser. Negotiations are advanced, however, at this stage there is no certainty that a transaction will be concluded. Accordingly, shareholders are advised to continue to exercise caution when dealing in Burstone securities until a further announcement is made. 26 August 2024 Financial Advisor and Transaction Sponsor Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities Date: 26-08-2024 12:00:00 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.