Appointment of financial director EQUITES PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/080877/06) Share code: EQU ISIN: ZAE000188843 (Approved as a REIT by the JSE) (“Equites” or “the Company”) APPOINTMENT OF FINANCIAL DIRECTOR In accordance with paragraph 3.59 (a) of the JSE Listings Requirements, shareholders are advised that Laila Razack has been appointed a director and Chief Financial Officer of Equites with immediate effect. Laila has been the Interim CFO of Equites since 12 December 2019. During this period, the board followed an extensive external and internal recruitment process with the assistance of an international recruitment consultancy. Laila emerged from this process as the leading candidate. She is a chartered accountant and joined Equites on 1 September 2015 as Head of Finance. Laila has been an integral part of the Equites management team and has contributed significantly to the success of the company during this extended period. During her stint as Interim CFO, a period which saw significant disruption due to the impact of Covid-19, Laila stepped up and showed the leadership qualities and technical ability that are essential for this important role. The board congratulates Laila on her appointment and wishes her all the best in her new role. 26 May 2020 Sponsor Java Capital Date: 26-05-2020 04:50:00 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.