SOUTHERN SUN LIMITED - Exercise of Share Appreciation Rights and Allotment of Southern Sun Ordinary Shares

Exercise of Share Appreciation Rights and Allotment of Southern Sun Ordinary Shares

Southern Sun Limited
Incorporated in the Republic of South Africa
Registration number 2002/006356/06
Share Code: SSU ISIN: ZAE000272522
("Southern Sun" or "the Company")


EXERCISE OF SHARE APPRECIATION RIGHTS AND ALLOTMENT OF SOUTHERN SUN ORDINARY SHARES


In compliance with Paragraphs 3.63 of the JSE Limited Listings Requirements, shareholders are advised that per
Southern Sun's Share Appreciation Rights Plan, Share Appreciation Rights ("SARs") have vested and were
exercised by the following director of the Company, to whom Southern Sun ordinary shares ("SSUs") have been
issued. The value of the SSUs issued is equal to the value of the appreciation of the awarded SARs over the
vesting period (net of tax).

 Director                                Petrus Jacobus Boshoff
 Designation                             Director of Major Subsidiary – Southern Sun Hotel Interests (Pty) Ltd
 Nature of transaction                   Off market exercise of SARs and allotment of SSUs
 Nature of interest                      Direct, beneficial
 Class of shares                         Ordinary SSU shares
 Exercise date                           14 March 2024
 Allotment date                          28 March 2024
 Number of SSU                           38 393
 Exercise price                          R5.0849
 Transaction value                       R195 224.57
 Clearance obtained                      Yes

 Director                                Lindelwa Pumla Isabelle
 Designation                             Director of Major Subsidiary – Southern Sun Hotel Interests (Pty) Ltd
 Nature of transaction                   Off market exercise of SARs and allotment of SSUs
 Nature of interest                      Direct, beneficial
 Class of shares                         Ordinary SSU shares
 Exercise date                           12 March 2024
 Allotment date                          28 March 2024
 Number of SSU                           5 853
 Exercise price                          R5.1197
 Transaction value                       R29 965.60
 Clearance obtained                      Yes

26 March 2024

Sponsor
Investec Bank Limited

Date: 26-03-2024 04:34:00
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