SOUTHERN SUN LIMITED - Exercise of Share Appreciation Rights and Allotment of Ordinary Shares by a Director of a Major Subsidiary

Exercise of Share Appreciation Rights and Allotment of Ordinary Shares by a Director of a Major Subsidiary

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 BY A 
DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with Paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are advised that per
Southern Sun's Share Appreciation Rights Plan ("SARP"), Share Appreciation Rights ("SARs") vested and were
exercised by the following director 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                                Lindelwa 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
 Transaction date                        20 August 2025
 Number of SSU                           220 055
 Exercise price                          R8.9125
 Transaction value                       R1 961 240.19
 Clearance obtained                      Yes

21 August 2025

Sponsor
Investec Bank Limited

Date: 21-08-2025 10:45:00
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