Quarterly Update Announcement - Suspension AREIT PROP LIMITED Approved as a REIT (Incorporated in the Republic of South Africa) (Registration number 2021/837953/06) ("aReit Prop" or "the Company") ISIN Code: ZAE000306585 | JSE Code: APO QUARTERLY UPDATE ANNOUNCEMENT - SUSPENSION In terms of paragraph 1.11(c) of the JSE Listings Requirements, the Company is required to provide an update to shareholders regarding the current state of affairs of the Company until the suspension is lifted. The audit of the Company's annual financial statements for the year ended 31 December 2023 is progressing well and it is expected that the audited results will be published before the end of November 2024. The main reason for the delay from July was that there were additional deliverables requested by the Company's auditors and the Company is currently compiling this information. The Company will become compliant with the JSE Listings Requirements once it has issued its audited Annual Financial Statements and the Annual Report has been distributed to shareholders. The interim results will be published as soon as possible after the release of the audited results. BY ORDER OF THE BOARD Cape Town 15 October 2024 Sponsor AcaciaCap Advisors Proprietary Limited Date: 15-10-2024 12:32:00 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.