TEXTON PROPERTY FUND LIMITED - Results of Texton Rights Offer and Directors Dealings

Results of Texton Rights Offer and Directors’ Dealings

TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
(Incorporated in the Republic of South Africa)
(Registration number 2005/019302/06)
JSE share code: TEX ISIN: ZAE000190542
("Texton" or the "Company")

RESULTS OF TEXTON RIGHTS OFFER AND DIRECTORS' DEALINGS

RESULTS OF RIGHTS OFFER

Shareholders are referred to the declaration announcement released on SENS on Wednesday, 6 December 2023
("Declaration Announcement"). Unless otherwise defined herein, the words and expressions contained in this
announcement shall have the same meanings as assigned to them in the Declaration Announcement and/or Circular.

Shareholders are advised that the Company has successfully raised a total amount of R85 million pursuant to the Rights
Offer.

The Rights Offer closed at 12:00 on Friday, 5 January 2024. The table below sets out the results of the Rights Offer:

                                                                                                 Number of Rights       Percentage of
                                                                                                     Offer Shares        Rights Offer
                                                                                                                             Shares %
Rights Offer Shares available for subscription                                                         38 636 364                 100
Rights Offer Shares subscribed for                                                                     36 378 030                  94
Rights Offer Shares issued to the Underwriters per Underwriting Agreement*                              2 258 334                   6
Total Rights Offer Shares issued                                                                       38 636 364                 100

*The allocation of the Rights Offer Shares issued to the Underwriters in accordance with the Underwriting Agreement will be announced
once the allocation has been finalised with the transfer secretaries, which will also include the resultant impact on the associates of the
Underwriters.

CSDP or Broker accounts of Qualifying Shareholders (holding Dematerialised Shares) who followed their Rights will be
credited with the Rights Offer Shares and debited with any payments due on Monday, 8 January 2024.

DIRECTORS' DEALINGS

As detailed in the Rights Offer Circular, the following Directors or their associates followed their Rights in respect of their
shareholdings, as follows:

Name of Director:                                  MJA Golding
Date of transaction:                               5 January 2024
Class of securities:                               Ordinary shares
Nature of transaction:                             Take up of Rights Offer Shares
Number of securities:                              7 721 725
Price:                                             R2,20
Total value of transaction:                        R16 987 795
Nature and extent of director's interest           Indirect beneficial
Clearance obtained                                 Yes

Name of Director:                                  RA Franco
Date of transaction:                               5 January 2024
Class of securities:                               Ordinary shares
Nature of transaction:                             Take up of Rights Offer Shares
Number of securities:                              17 802 911
Price:                                             R2,20
Total value of transaction:                        R39 166 404.20
Nature and extent of director's interest           Indirect beneficial
Clearance obtained                                 Yes

Name of Director:                                  JR Macey
Date of transaction:                               5 January 2024
Class of securities:                               Ordinary shares
Nature of transaction:                             Take up of Rights Offer Shares
Number of securities:                              6 240
Price:                                             R2,20
Total value of transaction:                        R13 728
Nature and extent of director's interest           Indirect beneficial
Clearance obtained                                 Yes

Sandton
8 January 2024

Transaction sponsor
Investec Bank Limited

Legal advisor
Solaris Law

Date: 08-01-2024 03:55:00
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