Voluntary announcement for the disposal of Rosebank Corner REDEFINE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/018591/06) JSE share code: RDF ISIN: ZAE000190252 Debt company code: BIRDF (Approved as a REIT by the JSE) ("Redefine" or the "Company") VOLUNTARY ANNOUNCEMENT FOR THE DISPOSAL OF ROSEBANK CORNER INTRODUCTION AND RATIONALE Shareholders are advised that on 17 July 2025, Redefine concluded a sale agreement for the disposal of the office building known as Rosebank Corner situated on Jan Smuts Avenue in Rosebank, Johannesburg (the "Property") to Live Rosebank Proprietary Limited ("Live Rosebank" or the "Purchaser") for a consideration of R80 million ("Purchase Consideration") (the "Disposal"). This Disposal is in line with Redefine's strategy to recycle non-core assets to improve the quality of its asset platform and lower its loan to value ratio. The proceeds of the Disposal will be used to repay debt. TERMS OF THE DISPOSAL The Purchase Consideration which will be settled on the date of transfer of the Property has been secured by way of: (i) payment in cash of a non-refundable commitment and raising fee of R1 million which is due within 14 calendar days of signature and will be deducted from the Purchase Consideration on the date of transfer of the Property to the Seller; and (ii) a guarantee in favour of Redefine for payment of the Purchase Consideration on the date of transfer of the Property to the Seller. The effective date of the transaction, triggered by the receipt of residential rezoning of the Property, shall be the date of transfer of the Property to the Seller ("Effective Date"), which shall be no later than 20 calendar months from the date of signature. Should transfer not be effected by the Effective Date, the Purchase Consideration will escalate by 0.65% per month for the period until date of transfer, provided that the long-stop date, being 24 calendar months from the date of signature is not exceeded. The Disposal is not subject to any conditions precedent. The sale agreement contains settlement Purchase Consideration adjustments provisions and warranties and indemnities standard for a transaction of this nature. Payment of any amounts due to either the Seller or the Purchaser in terms of the settlement Purchase Consideration adjustments shall not constitute part of the Purchase Consideration and shall be effected separately from the payment of the Purchase Consideration. PROPERTY SPECIFIC INFORMATION The property specific information required in terms of the JSE Listings Requirements in relation to the Property is set out below. Property name Rosebank Corner Sector Office Geographical location Gauteng Rentable Area (m2) 8 921 Value attributed to the property as at 28 February 2025 R91 500 000* Weighted Average rental per m2 R122.1 Net profit after tax for the 12 months ended 28 February R7 804 124# 2025 Contribution to distributable income for the 12 months R3 854 354## ended 28 February 2025 Notes: *The difference between the valuation and the Purchase Consideration is as a result of the valuation being an open market value for office use, while the Purchase Consideration is the value negotiated between the parties for residential conversion. Given the asset's location and weak office leasing prospects, the Property is better suited to residential use. Traditional residential conversion disposals range between R2000/m2 and R 7000/m2 and recent deals concluded within the node are at R6000/m2. The Disposal has been concluded at R8 968/m2 which is at a premium when compared to the recent residential conversion disposals. The Purchase Consideration is considered to be the fair market value of the Property for residential use, as determined by the directors of the Company. #Extracted from Redefine's audited group results for 31 August 2024 and unaudited interim results for the six months ended 28 February 2025, prepared in terms of International Financial Reporting Standards ("IFRS"). ##Calculated in accordance with the SA REIT Best Practice Recommendations. Simon Fifield, an independent non-executive director of Redefine is the sole director of Live Rosebank and a minority indirect shareholder of Easy Hold Co Proprietary Limited ("Easy HoldCo") (which holds 100% of the shares in Live Rosebank) through Montgomery Investments Proprietary Limited which owns 80% of Agrippa Capital Proprietary Limited, a shareholder of Easy HoldCo. None of the remaining beneficial shareholders of Easy HoldCo are related parties to Redefine. The Disposal is not categorisable in terms of the JSE Listings Requirements and the disclosures provided in this announcement are voluntary and for information purposes only. 17 July 2025 Sponsor Java Capital Date: 17-07-2025 02:22:00 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.