EMIRA PROPERTY FUND LIMITED - Vesting of shares awarded to directors and change in nature of directors interest

Vesting of shares awarded to directors and change in nature of directors’ interest

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 DIRECTORS AND CHANGE IN NATURE OF DIRECTORS'
INTEREST

Shareholders and noteholders are advised of the following dealings in securities:

1. The vesting of the shares awarded to the directors in terms of the Emira Matching Share Co-
   Investment Plan ("Emira Matching Plan"), as disclosed in the announcement released on SENS on
   17 June 2021:

Name of executive director:            G Jennett
Date of vesting:                       23 November 2023
Number of shares vested:               47 762
Issue price:                           Rnil (Free of charge)
Notional value of transaction (based   R387 827.44
on an implied price of R8.12 per
share, being the closing price on 22
November 2023):
Nature of transaction:                 Off-market vesting of shares in terms of the Emira Matching
                                       Plan in accordance with the vesting conditions
Class of securities:                   Ordinary shares
Type of interest:                      Direct beneficial
Clearance to deal obtained:            Vesting of shares occurs automatically in terms of the Emira
                                       Matching Plan

Name of executive director:            G Booyens
Date of vesting:                       23 November 2023
Number of shares vested:               12 160
Issue price:                           Rnil (Free of charge)
Notional value of transaction (based   R98 739.20
on an implied price of R8.12 per
share, being the closing price on 22
November 2023):
Nature of transaction:                 Off-market vesting of shares in terms of the Emira Matching
                                       Plan in accordance with the vesting conditions
Class of securities:                   Ordinary shares
Type of interest:                      Direct beneficial
Clearance to deal obtained:            Vesting of shares occurs automatically in terms of the Emira
                                       Matching Plan

Name of executive director:            U van Biljon
Date of vesting:                       27 November 2023
Number of shares vested:               13 300
Issue price:                           Rnil (Free of charge)
Notional value of transaction (based    R107 996.00
on an implied price of R8.12 per
share, being the closing price on 22
November 2023):
Nature of transaction:                  Off-market vesting of shares in terms of the Emira Matching
                                        Plan in accordance with the vesting conditions
Class of securities:                    Ordinary shares
Type of interest:                       Direct beneficial
Clearance to deal obtained:             Vesting of shares occurs automatically in terms of the Emira
                                        Matching Plan

2. Change in nature of directors' interest in of shares

On 23 November 2023 G Jennett, a director of Emira, transferred 47 762 ordinary shares to A Jennett
(his wife) at a price of R8.12 per ordinary share, for a total value of R387 827.44. Accordingly G Jennet's
interest in the 47 762 ordinary shares ceases to be a direct beneficial interest and becomes an indirect
interest of an associate. The transaction was concluded off-market and clearance to deal was obtained.

On 23 November 2023 U van Biljon, a director of Emira, transferred 13 300 ordinary shares to RN van
Biljon (her husband) at a price of R8.12 per ordinary share, for a total value of R107 996.00. Accordingly
U van Biljon's interest in the 13 300 ordinary shares ceases to be a direct beneficial interest and
becomes an indirect interest of an associate. The transaction was concluded off-market and clearance
to deal was obtained.


Bryanston
24 November 2023


Sponsor
Questco Corporate Advisory Proprietary Limited

Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 24-11-2023 12:22:00
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