SOUTHERN SUN LIMITED - Grant and Acceptance of Share Appreciation Rights by Directors

Grant and Acceptance of Share Appreciation Rights by Directors

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")

GRANT AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS BY DIRECTORS

In compliance with Paragraphs 6.77 to 6.85 of the JSE Limited Listings Requirements, the following information
is disclosed in relation to the granting and acceptance of Share Appreciation Rights ("SARs") in terms of the
Southern Sun's Share Appreciation Rights Plan by directors of the Company and its major subsidiaries.

Director                                 Marcel Von Aulock
Designation                              Chief Executive Officer
Company                                  Southern Sun Limited
Nature of transaction                    Grant and acceptance of SARs, off market
Nature of interest                       Direct, beneficial
Class of shares                          Ordinary SSU shares
Date of grant of SARs                    1 April 2026
Date of acceptance                       13 July 2026
Clearance to deal                        Yes

Number of       SARs strike price    Value of transaction    Vesting date of SARs       Expiry Date of
SARs                                                                                              SARs
657 876                  R10.0323           R6 600 009.39           31 March 2029        31 March 2030

Director                                 Laurelle McDonald
Designation                              Chief Financial Officer
Company                                  Southern Sun Limited
Nature of transaction                    Grant and acceptance of SARs, off market
Nature of interest                       Direct, beneficial
Class of shares                          Ordinary SSU shares
Date of grant of SARs                    1 April 2026
Date of acceptance                       13 July 2026
Clearance to deal                        Yes

Number of       SARs strike price     Value of transaction   Vesting date of SARs       Expiry Date of
SARs                                                                                              SARs
677 811                  R10.0323            R6 800 003.29          31 March 2029        31 March 2030

Director                                Lindelwa Isabelle
Designation                             Director
Company                                 Southern Sun Hotel Interests Pty Ltd
Nature of transaction                   Grant and acceptance of SARs, off market
Nature of interest                      Direct, beneficial
Class of shares                         Ordinary SSU shares
Date of grant of SARs                   1 April 2026
Date of acceptance                      13 July 2026
Clearance to deal                       Yes

Number of        SARs strike price   Value of transaction    Vesting date of SARs       Expiry Date of
SARs                                                                                              SARs
199 357                   R10.0323          R2 000 009.23           31 March 2029        31 March 2030


13 July 2026

Sponsor
Investec Bank Limited

Date: 13-07-2026 01:25:00
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