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") vested and were exercised
by the following directors of the Company and of a Major Subsidiary, 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                           30 September 2024
 Allotment date                          3 October 2024
 Number of SSU                           90 108
 Exercise price                          R7.6636
 Transaction value                       R690 551.67
 Clearance obtained                      Yes

 Director                                Laurelle McDonald
 Designation                             Chief Financial Officer
 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                           30 September 2024
 Allotment date                          3 October 2024
 Number of SSU                           408 486
 Exercise price                          R7.6636
 Transaction value                       R3 130 473.31
 Clearance obtained                      Yes


3 October 2024

Sponsor
Investec Bank Limited

Date: 03-10-2024 03:25:00
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