Consolidation of Director’s family interest in Balwin Properties Limited Balwin Properties Limited (Incorporated in the Republic of South Africa) Registration number 2003/028851/06 Share code: BWN ISIN: ZAE000209532 (“Balwin” or “the company” or “the group”) CONSOLIDATION OF DIRECTOR’S FAMILY INTEREST IN BALWIN PROPERTIES LIMITED Shareholders are advised that Stephen Volker Brookes (“Mr Brookes”), the Chief Executive Officer of Balwin, and his family disposed of all their personal shareholding in the company to Volker Holdings (Pty) Ltd, of which Mr Brookes and his family are the sole beneficial holders. The rationale for the transaction is that the Brookes family is consolidating their shareholding into the holding company managed by their family office. In compliance with the JSE Limited Listings Requirements, the following information regarding the dealing in securities is disclosed: Name of director Stephen Volker Brookes Company of which a director Balwin Properties Ltd Status: Executive/Non-executive Executive Type and class of securities Ordinary shares Nature of transaction Disposal of shares by Mr Brookes to his associate (off market transaction) Date of transaction 17 December 2020 Price per security 400 cents Number of securities transacted 1,220,156 Total rand value of transaction R4,880,624.00 Nature and extent of interest in the transaction Change from direct beneficial to indirect beneficial Clearance obtained Yes Name of associate Michele Lucille Brookes Relationship to director Wife Name of director Stephen Volker Brookes Company of which a director Balwin Properties Ltd Status: Executive/Non-executive Executive Type and class of securities Ordinary shares Nature of transaction Disposal of shares by Mrs Brookes to her associate (off market transaction) Date of transaction 15 December 2020 Price per security 400 cents Number of securities transacted 506,072 Total rand value of transaction R2,024,288.00 Nature and extent of interest in the transaction Change from direct beneficial to indirect beneficial Clearance obtained Yes Name of associate Slade Stephen Brookes Relationship to director Child Name of director Stephen Volker Brookes Company of which a director Balwin Properties Ltd Status: Executive/Non-executive Executive Type and class of securities Ordinary shares Nature of transaction Disposal of shares by Mr Brookes jnr to his associate (off market transaction) Date of transaction 15 December 2020 Price per security 400 cents Number of securities transacted 506,072 Total rand value of transaction R2,024,288.00 Nature and extent of interest in the transaction Change from direct beneficial to indirect beneficial Clearance obtained Yes Name of associate Reese Brookes Relationship to director Child Name of director Stephen Volker Brookes Company of which a director Balwin Properties Ltd Status: Executive/Non-executive Executive Type and class of securities Ordinary shares Nature of transaction Disposal of shares by Ms Brookes to her associate (off market transaction) Date of transaction 15 December 2020 Price per security 400 cents Number of securities transacted 506,072 Total rand value of transaction R2,024,288.00 Nature and extent of interest in the transaction Change from direct beneficial to indirect beneficial Clearance obtained Yes Bedfordview 17 December 2020 Sponsor: Investec Bank Limited Date: 17-12-2020 05:00:00 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.