EXEMPLAR REITAIL LIMITED - Dealings in securities by associates of directors

Dealings in securities by associates of directors

Exemplar REITail Limited
(Incorporated in the Republic of South Africa)
(Registration number 2018/022591/06)
Approved as a REIT by the JSE
JSE share code: EXP ISIN: ZAE000257549
LEI: 3789000558287E37F130
("Exemplar" or "the Company")


DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS


Shareholders are advised that McCormick Property Development Proprietary Limited ("MPD"), Exemplar's largest
shareholder, has entered into agreements with various associates of directors pursuant to which MPD will declare a
distribution in specie of 10 000 000 Exemplar shares and which will result in various dealings in the Company's
securities as detailed below.

All transactions detailed below will have an effective date of 5 November 2024, will be concluded off-market and are
indirect beneficial transactions in nature. Clearance to deal has been granted in respect of all transactions.

-     MPD will declare a distribution in specie to its shareholders, Chris Hani Crossing Proprietary Limited ("CHC")
      and the trustees for the time being of the John McCormick Family Trust (the "JMFT"), in proportion to their
      shareholdings in MPD, and will subsequently dispose of 10 000 000 Exemplar shares at a deemed price per
      security of R11.50 per share for an aggregate transaction value of R115 000 000.00. Jason McCormick and John
      McCormick are the sole directors of both MPD and CHC. John McCormick is a trustee and beneficiary of the
      JMFT and Jason McCormick is a beneficiary of the JMFT.

-     Accordingly, the JMFT will acquire 7 669 000 Exemplar shares and CHC will acquire 2 331 000 Exemplar
      shares, all at a deemed price per security of R11.50 per share for aggregate transaction values of R88 193 500.00
      and R26 806 500.00, respectively.

-     CHC will dispose of the 2 331 000 Exemplar shares to its sole shareholder, the JMFT, by way of a declaration of
      a distribution in specie at a deemed price per security of R11.50 per share for an aggregate transaction value of
      R26 806 500.00. Following this disposal by CHC and the acquisition of the shares by the JMFT, the JMFT will
      hold all 10 000 000 Exemplar shares.

-     JMFT will dispose of the 10 000 000 Exemplar shares at a deemed price per security of R11.50 per share for an
      aggregate transaction value of R115 000 000.00 by:
      -     awarding 5 000 000 Exemplar shares to the trustees for the time being of the Shashangazane Trust
            ("Shashangazane"), of which Jason McCormick is a trustee and beneficiary, at a deemed price per security
            of R11.50 per share for an aggregate transaction value of R57 500 000.00; and
      -     awarding the remaining 5 000 000 Exemplar shares to an unrelated trust which is not an associate of any
            of the Company's directors.

-     Finally, in terms of an exchange agreement between Shashangazane and Stazamanzi Proprietary Limited
      ("Stazamanzi"), of which Jason McCormick is the sole director, Shashangazane will dispose of the 5 000 000
      Exemplar shares to Stazamanzi, in exchange for new shares in Stazamanzi at a deemed price per security of
      R11.50 per share for an aggregate transaction value of R57 500 000.00.

8 November 2024


Sponsor
Java Capital

Date: 08-11-2024 01:00:00
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