Results of Mandatory Offer and Change in Beneficial Shareholding EMIRA PROPERTY FUND LIMITED MAITLANTIC 10 PROPRIETARY LIMITED Incorporated in the Republic of South Africa Incorporated in the Republic of South Africa (Registration number 2014/130842/06) (Registration number 2019/539058/07) JSE share code: EMI ISIN: ZAE000203063 JSE Bond Company code: EMII CLEARANCE CANTARA MASTER FUND LTD (Approved as a REIT by the JSE) Incorporated in the Cayman Islands (“Emira” or the “Company”) (Registration No. MC-306182) (collectively, the “offerors”) RESULTS OF MANDATORY OFFER AND CHANGE IN BENEFICIAL SHAREHOLDING RESULTS OF MANDATORY OFFER Emira shareholders are referred to the announcements published on SENS regarding the mandatory offer by the offerors to acquire all of the Emira shares not already held by the offerors, their holding companies or their holding companies’ other subsidiaries, for an offer consideration of R9.15 per Emira ordinary share (the “mandatory offer”), the last of which was released on SENS on 24 August 2021. Emira shareholders are advised that the mandatory offer closed at 12:00 on Friday, 17 September 2021 and the mandatory offer was accepted in respect of 26 594 543 Emira shares, representing 5.09% of the Emira shares in issue. Subsequent to the offer document being issued by the offerors, Maitlantic 10 Proprietary Limited, its holding company and its holding company’s other subsidiaries (collectively the “Maitlantic entities”) acquired 976 006 Emira shares on-market. Accordingly, following the implementation of the mandatory offer, the Maitlantic entities hold 210 517 114 Emira shares, representing 40.28% of the Emira shares in issue. OFFERORS’ RESPONSIBILITY STATEMENT The offerors, to the extent that the information relates directly to the offerors: - accept responsibility for the information contained in this announcement; - confirm that to the best of their knowledge and belief, the information contained in this announcement is true and correct; and - confirm that this announcement does not omit anything likely to affect the importance of the information contained in it. CHANGE IN BENEFICIAL SHAREHOLDING In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (“the Act”) and section 3.83(b) of the JSE Limited Listings Requirements, Emira shareholders are advised that Emira has received formal notification that the Maitlantic entities have acquired an interest in the ordinary shares of the Company (“Emira Shares”) such that their total combined interest in Emira Shares now amounts to 40.28%. As required in terms of section 122(3)(a) of the Act, the Company has filed the required notices with the Takeover Regulation Panel. 21 September 2021 Corporate advisor to the offerors Legal advisor to the offerors Sponsor and Corporate Advisor to Emira Java Capital ENS Africa Questco Corporate Advisory Date: 21-09-2021 08:47:00 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.