ETF022 - Step down event and interest payment notification Emira Property Fund Limited (Incorporated in the Republic of South Africa) (Registration number 2014/130842/06) Company code: EMII (Approved as a REIT by the JSE) Bond code: EPF022 ISIN: ZAG000176892 (“Emira” or the “Issuer”) CORRECTION ANNOUNCEMENT: STEP DOWN EVENT AND INTEREST PAYMENT NOTIFICATION Noteholders are referred to the announcement released on SENS on 15 May 2023, in relation to the step down event and interest payment notification on the EPF022 notes. The Issuer wishes to notify EPF022 noteholders that the initial margin for the interest period from 28 February 2023 to 28 May 2023 was incorrectly reduced by 5 basis points and that therefore the interest amount due was incorrect. The initial margin will be decreased by 5 basis points for the interest period from 29 May 2023 to 27 August 2023, payable on 28 August 2023, in accordance paragraph 1.9 of appendix A of the pricing supplement – Step Down Date. The correct margin for the interest period from 28 February 2023 to 28 May 2023 is 210 basis points, the correct interest rate is 9.55% and the interest amount due is R 8 948 219.18. 18 May 2023 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18-05-2023 10:03:00 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.