Overseas Investment Office approval received in relation to proposed scheme Irongate Group (JSE: IAP) Comprising Irongate Property Fund I (IPF I, ARSN 162 067 736) and Irongate Property Fund II (IPF II, ARSN 644 081 309), established in Australia and registered with ASIC as managed investment schemes Operated by Irongate Funds Management Limited (ACN 071 514 246; AFSL 290 909) (Responsible Entity) IPF I is registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act No.45 of 2002 ISIN: AU0000046005 (IAP or the Fund) Overseas Investment Office approval received in relation to proposed scheme Irongate Funds Management Limited (IAP RE) as responsible entity of Irongate Property Fund I (IPF I) and Irongate Property Fund II (IPF II) (together, IAP), today announces an update on the proposal by Charter Hall PGGM Industrial Partnership No.2 (CHPIP) under which it is proposed that CHPIP acquire 100% of the units in IPF I, and Charter Hall Holdings Pty Limited acquire 100% of the units in IPF II by way of inter-conditional trust schemes (Proposal). IAP has been informed by CHPIP that CHPIP has received written confirmation from the New Zealand Overseas Investment Office (OIO) that OIO has consented to CHPIP’s proposed acquisition of IAP under the Proposal. The confirmation from OIO satisfies the OIO approval condition contained in clause 3.1(j) of the Scheme Implementation Agreement dated 30 March 2022 (a copy of which was released to the JSE on 30 March 2022). The implementation of the Proposal remains subject to a number of other conditions, including approval from the Foreign Investment Review Board, IAP securityholder approval and the Court granting the judicial advice, as outlined in the Scheme Implementation Agreement. As previously announced, the Notice of Meeting and Explanatory Memorandum (together, the Scheme Booklet) has been distributed to IAP securityholders in advance of the scheme meetings to be held at 5:00 pm (Sydney time) / 9:00 am (Johannesburg time) on Wednesday, 29 June 2022 at which IAP securityholders will be able to vote on the Proposal. The Scheme Booklet is also available at IAP’s website (www.irongategroup.com.au). This announcement has been authorised for release by the Chief Executive Officer. Johannesburg 2 June 2022 Sponsor Investec Bank Limited Date: 02-06-2022 10:33:00 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.