Vesting of Shares awarded to a director EMIRA PROPERTY FUND LIMITED Incorporated in the Republic of South Africa (Registration number 2014/130842/06) JSE share code: EMI ISIN: ZAE000203063 JSE bond company code: EMII (Approved as a REIT by the JSE) (“Emira” or the “Company”) VESTING OF SHARES AWARDED TO A DIRECTOR In compliance with paragraphs 3.63 of the Listings Requirements and 6.42 of the Debt Listings Requirements of the JSE Limited, the following information is disclosed in respect of the vesting of shares awarded to an executive director of the Company in terms of the Emira Matching Share Co- Investment Plan (“Emira Matching Plan”), as disclosed in the announcement released on SENS on 14 June 2018: Name of director: G Jennett Date of acceptance and vesting: 22 February 2021 Number of shares accepted: 24 000 ordinary shares Issue price: Rnil (Free of charge) Notional value of transaction (based on an R187 200.00 implied price of R7.80 per Emira share, being the closing price on the date immediately preceding the date of this announcement): Nature of transaction: Vesting of shares in terms of the Emira Matching Plan Nature of trade: Off-market Type of interest: Direct beneficial Clearance to deal obtained: Yes Bryanston 23 February 2021 Sponsor Questco Corporate Advisory Proprietary Limited Debt Sponsor Rand Merchant Bank (a division of FirstRand Bank Limited) Date: 23-02-2021 03:30:00 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.