Exercise of Share Appreciation Rights and Allotment of Southern Sun Ordinary Shares 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 In compliance with Paragraphs 3.63 of the JSE Limited Listings Requirements, shareholders are advised that per Southern Sun's Share Appreciation Rights Plan, Share Appreciation Rights ("SARs") have vested and were exercised by the following director of the Company, 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 Petrus Jacobus Boshoff 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 Exercise date 14 March 2024 Allotment date 28 March 2024 Number of SSU 38 393 Exercise price R5.0849 Transaction value R195 224.57 Clearance obtained Yes Director Lindelwa Pumla 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 Exercise date 12 March 2024 Allotment date 28 March 2024 Number of SSU 5 853 Exercise price R5.1197 Transaction value R29 965.60 Clearance obtained Yes 26 March 2024 Sponsor Investec Bank Limited Date: 26-03-2024 04:34:00 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.