DELTA PROPERTY FUND LIMITED - Changes to the board

Changes to the board

Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT ISIN: ZAE000194049
("Delta" or “the Company”)
REIT status approved

CHANGES TO THE BOARD

In compliance with paragraph 3.59 of the JSE Listings Requirements, the Board of Directors of Delta (“the
Board”) hereby notifies shareholders of the resignations of Messrs Sandile Nomvete (Chief Executive
Officer) and Shaneel Maharaj (Chief Financial Officer) with immediate effect. Mr Otis Tshabalala (Chief
Operating Officer) has elected to not complete his notice period, as previously announced on SENS on
2 July 2020, and will be leaving with immediate effect.

Shareholders are further advised that:

•   Ms Bongi Masinga, currently a non-executive director, has been appointed as Acting Chief Executive
    Officer; and

•   Ms Marelise de Lange, currently an independent non-executive director, has been appointed as
    Interim Chief Financial Officer,

with immediate effect.

Bongi and Marelise between them have extensive corporate and listed property experience. The Board has
full confidence that they are best placed to ensure that Delta will continue to operate without any
disruptions in its day to day operations.

The Board will update shareholders on the appointment of suitable replacements for the above positions in
due course.

If there are any queries kindly refer them to Mr JB Magwaza (Chairman) on email:
jbmagwaza@magwaza.co.za or Ms Phumzile Langeni (Deputy Chair) on email: phumzile@afropulse.co.za.

Johannesburg
24 August 2020

Sponsor
Nedbank Corporate and Investment Banking

Date: 24-08-2020 03:41:00
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