Audited results for the year ended 28 February 2021 Balwin Properties Limited (Incorporated in the Republic of South Africa) (Registration number:2003/028851/06) Share code: BWN ISIN: ZAE000209532 (“Balwin” or “the group”) Audited results for the year ended 28 February 2021 Balwin is a specialist, national residential property developer of large-scale sectional title estates with a focus on high quality, affordable apartments with an innovative lifestyle offering for clients. The 2021 financial year was characterised by unprecedented socio-economic and market conditions with unusual working and living environments. Although the macro-economic conditions and the devastating impact of Covid-19 are reflected in the results of the group for the year ended 28 February 2021, the board is satisfied with the processes implemented to best mitigate the impact of the pandemic on the group’s operational and financial performance. FINANCIAL HIGHLIGHTS Revenue Decrease of 7% to R2.7 billion Profit for the year Decrease of 18% to R336.4 million Earnings per share Decrease of 19% to 71.67 cents per share Headline earnings per share Decrease of 19% to 71.47 cents per share Net asset value per share Increase of 8% to 682.83 cents per share DIVIDEND Notice is hereby given that the board has declared a final gross dividend of 16.20 cents per ordinary share. No dividend was declared in the corresponding period. The dividend is payable out of income reserves for the period ended 28 February 2021 to ordinary shareholders in accordance with the time table below: Declared Monday 17 May 2021 Last day to trade (cum dividend) Monday, 14 June 2021 Ex dividend Tuesday, 15 June 2021 Record date Friday, 18 June 2021 Payment date Monday, 21 June 2021 Dividend tax amounting to 3.24 cents per ordinary share will be withheld in terms of the Income Tax Act. Ordinary shareholders who are not exempt from dividends tax will therefore receive a dividend of 12.96 cents net of dividends tax. The company has 472 192 592 ordinary shares in issue. Balwin’s income tax reference number is 9058216848. Share certificates may not be dematerialised or rematerialised between Tuesday, 15 June 2021 and Friday, 18 June 2021, both days inclusive. SHORT-FORM ANNOUNCEMENT This short-form announcement is the responsibility of the Board of Directors of Balwin. It contains only a summary of the information in the full announcement (“full announcement”) and does not contain full or complete details. The full announcement can be found at: https://senspdf.jse.co.za/documents/2021/jse/isse/BWNE/YE21.pdf Copies of the full announcement, which includes the unmodified audit report and key audit matters, are also available for viewing on the group’s website at https://www.balwin.co.za/investor-relations/results-reports-webcasts/financial-results/full- year-results/ or may be requested in person, at the group’s registered office or the office of the sponsor, Investec Bank Limited, 100 Grayston Drive, Sandown, at no charge, during office hours. Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement, as a whole. The financial information contained in this publication has not been reviewed or reported on by the company’s external auditors. 17 May 2021 Sponsor Investec Bank Limited Date: 17-05-2021 07:05:00 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.