Appointment of New Director AREIT PROP LIMITED Approved as a REIT by the JSE (Incorporated in the Republic of South Africa) (Registration number 2021/837953/06) (“aReit Prop” or “the Company”) ISIN Code: ZAE000306585 | JSE Code: APO APPOINTMENT OF NEW DIRECTOR In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors of aReit Prop (“the Board”) is pleased to advise shareholders that Mr Jason Andre Kruger (“Jason”) has been appointed as an Independent Non-Executive director of the Company with effect from 7 April 2022. Jason graduated from the University of Stellenbosch with a BCom degree majoring in investment and financial management. He has a collective experience of 12 years within the hospitality, financial and telecommunications industries as a project/sales/account manager. He currently serves as the Chairman of the Cape Chamber of Commerce and Industry, Tygerberg Chapter, a position he has held for the past year, having served as the Chapter Vice Chair for the previous 3 years. Jason’s core focus with aReit Prop will be strategic planning and marketing. The Board welcomes Jason and looks forward to his contribution to the Company. BY ORDER OF THE BOARD Cape Town 7 April 2022 Sponsor AcaciaCap Advisors Date: 07-04-2022 02:45:00 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.