EQUITES PROPERTY FUND LIMITED - Dealings in securities by directors of Equites

Dealings in securities by directors of Equites

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU ISIN: ZAE000188843
JSE alpha code: EQUI
(Approved as a REIT by the JSE)
("Equites" or "the Company")


DEALINGS IN SECURITIES BY DIRECTORS OF EQUITES


Following the decision by all three executive directors to defer the vesting of their February 2022 conditional
share awards in terms of the rules of the Equites Conditional Share Plan ("CSP"), shareholders and
noteholders are advised of the following information relating to the issue of shares under the CSP.

The rules of the CSP allow participants to defer the vesting of the applicable tranche of shares by a further
24 months which will result in the conditional share awards increasing on a 3-for-1 basis by the issue of
matching shares ("the Matching Facility") provided that the participant remains in the Company's
employment and does not sell any of the shares in that tranche for these further 24 months. The following
directors have elected to defer vesting in respect of their February 2022 conditional share awards and
accordingly the shares issued will be pledged to the Company for a further 24 months:

Name of director:                                 Andrea Taverna-Turisan
Date of transaction:                              30 May 2025
Class of securities:                              Ordinary shares
Number of securities:                             137 129
Price per security:                               R21.36
Total value of transaction:                       R2 929 075.44
Nature of transaction:                            Off-market issue and pledge of shares in terms of the CSP
Nature and extent of director's interest:         Direct beneficial
Clearance to deal received:                       Yes

Name of director:                                 Riaan Gous
Date of transaction:                              30 May 2025
Class of securities:                              Ordinary shares
Number of securities:                             98 676
Price per security:                               R21.36
Total value of transaction:                       R2 107 719.36
Nature of transaction:                            Off-market issue and pledge of shares in terms of the CSP
Nature and extent of director's interest:         Direct beneficial
Clearance to deal received:                       Yes

Name of director:                                 Laila Razack
Date of transaction:                              30 May 2025
Class of securities:                              Ordinary shares
Number of securities:                             80 181
Price per security:                               R21.36
Total value of transaction:                       R1 712 666.16
Nature of transaction:                            Off-market issue and pledge of shares in terms of the CSP
Nature and extent of director's interest:         Direct beneficial
Clearance to deal received:                       Yes

Shareholders are referred to the specific repurchase authority granted to the Company on 14 August 2025, in
terms of which Equites is authorised to repurchase performance shares and matching shares ("settlement
shares") which have settled to participants of the CSP (as opposed to participants selling a portion of the
settlement shares on-market to cover the tax liability due on vesting). In accordance with the specific authority,
a total of 205 246 settlement shares were repurchased from the following CSP participants on 2 June 2025 at
a price of R16.45 per share (being the 30-day volume weighted average price per Equites share on 30 May 2025)
for an aggregate consideration of R3 376 296.70:

 Participant                               Settlement shares vested in        Settlement shares repurchased
                                        respect of February 2020 award
 Andrea Taverna-Turisan                                        215 671                              100 287
 Riaan Gous                                                    150 608                               70 033
 Laila Razack                                                   18 067                                8 401
 Jaun Knoesen                                                   33 383                               15 523
 Nasreen Mukuddem                                               15 127                                7 034
 Wouter Hanekom                                                  8 533                                3 968
 Total                                                         441 389                              205 246

3 June 2025


Sponsor
Java Capital

Debt sponsor
Nedbank Corporate and Investment Banking,
(a division of Nedbank Limited)
Date: 03-06-2025 02:00:00
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.