BALWIN PROPERTIES LIMITED - Dealings in securities by Executive Directors and Prescribed Officers: Vesting of Long-Term Incentive Shares

Dealings in securities by Executive Directors and Prescribed Officers: Vesting of Long-Term Incentive Shares

Balwin Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 2003/028851/06
Share code: BWN
ISIN: ZAE000209532
(“Balwin” or “the Group”)



DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS: VESTING OF LONG-
TERM INCENTIVE SHARES



In compliance with the JSE Listings Requirements, shareholders are advised of the vesting of bonus
shares to executive directors and prescribed officers of the company. The bonus shares were issued
in terms of the companies conditional share plan (“CSP”) on 26 February 2019 as pertaining to the
financial year ended 28 February 2017. Details of the CSP are contained in the Remuneration
Report contained in the group’s Integrated Annual Report.

In compliance with rules 3.63 to 3.66 of the JSE Listings Requirements, the following information is
disclosed:

(*) the disposal of shares is to settle tax obligations arising from the vested bonus shares.

Directors of Balwin Properties Limited

 Name of director:            Stephen Volker Brookes
 Designation:                 Chief Executive Officer
 Name of company:             Balwin Properties Limited
 Date of vesting:             30 June 2020
 Number of shares:            1 220 156
 Deemed price:                R2.61
 Total value:                 R3 184 607.16
 Nature of transaction:       Off-market vesting of CSP awards
 Nature of interest:          Direct beneficial
 Clearance obtained:          Yes

 Name of prescribed officer:  Rodney Norman Gray
 Designation:                 Managing Director
 Name of company:             Balwin Properties Limited
 Date of vesting:             30 June 2020
 Number of shares:            845 204
 Deemed price:                R2.61
 Total value:                 R2 205 982.44
 Nature of transaction:       Off-market vesting of CSP awards
 Nature of interest:          Direct beneficial
 Clearance obtained:          Yes

 Name of prescribed officer:  Rodney Norman Gray
 Designation:                 Managing Director
 Name of company:             Balwin Properties Limited
 Date of transaction:         23 July 2020
 Number of shares:            388 794
 Weighted average price       R2.61
 per share:
 Price per share – high:      R2.75
Price per share – low:        R2.50
Total value:                  R1 014 752.34
Nature of transaction:        On-market disposal(*) of shares that have vested in
                              respect of the CSP for the 2017 financial year
Nature of interest:           Direct beneficial
Clearance obtained:           Yes

Name of director:             Jonathan Weltman
Designation:                  Chief Finance Officer
Name of company:              Balwin Properties Limited
Date of vesting:              30 June 2020
Number of shares:             431 745
Deemed price:                 R2.61
Total value:                  R1 126 854.45
Nature of transaction:        Off-market vesting of CSP awards accepted
Nature of interest:           Direct beneficial
Clearance obtained:           Yes

Name of director:             Jonathan Weltman
Designation:                  Chief Finance Officer
Name of company:              Balwin Properties Limited
Date of transaction:          23 July 2020
Number of shares:             233 142
Weighted average price        R2.61
per share:
Price per share – high:       R2.75
Price per share – low:        R2.50
Total value:                  R608 500.62
Nature of transaction:        On-market disposal* of shares that have vested in respect
                              of the CSP for the 2017 financial year

Name of prescribed officer:   Ulrich Gschnaidtner
Designation:                  Chief Projects Officer
Name of company:              Balwin Properties Limited
Date of vesting:              30 June 2020
Number of shares:             742 996
Deemed price:                 R2.61
Total value:                  R1 939 219.56
Nature of transaction:        Off-market vesting of CSP awards
Nature of interest:           Direct beneficial
Clearance obtained:           Yes

Name of prescribed officer:   Ulrich Gschnaidtner
Designation:                  Chief Projects Officer
Name of company:              Balwin Properties Limited
Date of transaction:          23 July 2020
Number of shares:             742 996
Weighted average price        R2.61
per share:
Price per share – high:       R2.75
Price per share – low:        R2.50
Total value:                  R1 939 219.56
Nature of transaction:        On-market disposal of shares that have vested in respect
                              of the CSP for the 2017 financial year

Bedfordview
27 July 2020

Sponsor
Investec Bank Limited

Date: 27-07-2020 11:16:00
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