BALWIN PROPERTIES LIMITED - Dealings in Securities by Executive Directors & Prescribed Officers: Acceptance of Long-Term Incentive Share Awards

Dealings in Securities by Executive Directors & Prescribed Officers: Acceptance of Long-Term Incentive Share Awards

Balwin Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 2003/028851/06
Share code: BWN
ISIN: ZAE000209532
(“Balwin” or “the Group” or “the Company”)


DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS: ACCEPTANCE OF
LONG-TERM INCENTIVE SHARE AWARDS

In compliance with the JSE Listings Requirements, shareholders are advised that bonus shares have
been awarded to executive directors and prescribed officers of the Company as pertaining to the
financial year ended 28 February 2023. The bonus shares were awarded on 1 July 2023 in terms of
the Company’s conditional share plan (“CSP”). Details of the CSP are included in the Remuneration
Report contained in the Group’s Integrated Annual Report.

In compliance with rules 3.63 to 3.66 of the JSE Listings Requirements, the following information is
disclosed:

Directors of Balwin Properties Limited

Name of director:                       Stephen Volker Brookes
Designation:                            Chief Executive Officer
Name of Company:                        Balwin Properties Limited
Date of acceptance:                     23 August 2023
Number of shares:                       2 402 130
Deemed price:                           R2.73
Total value:                            R6 568 854
Vesting date:                           30 June 2026
Nature of transaction:                  Off-market acceptance of CSP awards
Nature of interest:                     Direct beneficial
Clearance obtained:                     Yes

Name of prescribed officer:             Rodney Norman Gray
Designation:                            Managing Director
Name of Company:                        Balwin Properties Limited
Date of acceptance:                     23 August 2023
Number of shares:                       1 972 356
Deemed price:                           R2.73
Total value:                            R5 393 596
Vesting date:                           30 June 2026
Nature of transaction:                  Off-market acceptance of CSP awards
Nature of interest:                     Direct beneficial
Clearance obtained:                     Yes

Name of director:                       Jonathan Bigham
Designation:                            Chief Finance Officer
Name of Company:                        Balwin Properties Limited
Date of acceptance:                     23 August 2023
Number of shares:                       1 053 238
Deemed price:                           R2.73
Total value:                            R2 880 179
Vesting date:                           30 June 2026
Nature of transaction:                  Off-market acceptance of CSP awards
Nature of interest:                     Direct beneficial
Clearance obtained:                     Yes

Name of prescribed officer:             Ulrich Gschnaidtner
Designation:                            Chief Projects Officer
Name of Company:                        Balwin Properties Limited
Date of acceptance:                     23 August 2023
Number of shares:                       1 522 309
Deemed price:                           R2.73
Total value:                            R4 162 898
Vesting date:                           30 June 2026
Nature of transaction:                  Off-market acceptance of CSP awards
Nature of interest:                     Direct beneficial
Clearance obtained:                     Yes


Corlett Drive
23 August 2023

Sponsor
Investec Bank Limited

Date: 23-08-2023 03:29:00
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