BALWIN PROPERTIES LIMITED - Dealing in securities by executive directors: award of long-term incentive shares

Dealing in securities by executive directors: award 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: AWARD OF LONG-TERM INCENTIVE SHARES

In compliance with the JSE Listings Requirements, shareholders are advised of the acceptance of bonus
shares by executive directors of the company that were issued in terms of the companies conditional
share plan (“CSP”). CSP awards are subject to retention period of 3 years.

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

 Name of director:                 Stephen Volker Brookes
 Designation:                      Chief Executive Officer
 Name of company:                  Balwin Properties Limited
 Number of shares:                 615 355
 Deemed price:                     R2.70
 Deemed value:                     R1 661 459
 Acceptance of award:              29 August 2019
 Nature of transaction:            Off-market acceptance of allocation of CSP awards
 Nature of interest:               Direct beneficial
 Clearance obtained:               Yes

 Name of director:                 Rodney Norman Gray
 Designation:                      Managing Director
 Name of company:                  Balwin Properties Limited
 Number of shares:                 468 396
 Deemed price:                     R2.70
 Deemed value:                     R1 264 669
 Acceptance of award:              29 August 2019
 Nature of transaction:            Off-market acceptance of allocation of CSP awards
 Nature of interest:               Direct beneficial
 Clearance obtained:               Yes

 Name of director:                 Jonathan Weltman
 Designation:                      Chief Financial Officer
 Name of company:                  Balwin Properties Limited
 Number of shares:                 275 037
 Deemed price:                     R2.70
 Deemed value:                     R742 600
 Acceptance of award:              29 August 2019
 Nature of transaction:            Off-market acceptance of allocation of CSP awards
 Nature of interest:               Direct beneficial
 Clearance obtained:               Yes

Bedfordview
30 August 2019

Sponsor
Investec Bank Limited

Date: 30/08/2019 02:30:00
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.