Grant and acceptance of share appreciation rights by directors Tsogo Sun Hotels Limited Incorporated in the Republic of South Africa Registration number 2002/006356/06 Share Code: TGO ISIN:ZAE000272522 (“Tsogo Sun Hotels” or the “Company” or the “Group”) GRANT AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS BY DIRECTORS In compliance with Paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed in relation to the granting and acceptance of Share Appreciation Rights (“SARs”) in terms of the Tsogo Sun Hotels Share Appreciation Rights Plan (“Plan”) by directors of the Company. Director Marcel von Aulock Designation Chief Executive Officer Company Tsogo Sun Hotels Limited Nature of transaction Grant and acceptance of SARs, off market Nature of interest Direct, beneficial Class of shares Ordinary TGO shares Date of grant of SARs 14 January 2022 Date of acceptance 14 January 2022 Clearance to deal Yes Number of SARs award price Total cost on Vesting date of SARs Expiry Date of SARs SARs exercise 9 907 897 R3.0262 R29 983 278 1st third – 30/09/2024 30/09/2027 2nd third – 30/09/2025 3rd third – 30/09/2026 Director Laurelle McDonald Designation Chief Financial Officer Company Tsogo Sun Hotels Limited Nature of transaction Grant and acceptance of SARs, off market Nature of interest Direct, beneficial Class of shares Ordinary TGO shares Date of grant of SARs 14 January 2022 Date of acceptance 14 January 2022 Clearance to deal Yes Number of SARs award price Total cost on Vesting date of SARs Expiry Date of SARs SARs exercise 4 953 948 R3.0262 R14 991 637 1st third – 30/09/2024 30/09/2027 2nd third – 30/09/2025 3rd third – 30/09/2026 Fourways 14 January 2022 Sponsor Investec Bank Limited Date: 14-01-2022 04:30:00 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.