Section 122 Notice: Acquisition and Disposal of Shares 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 SECTION 122 NOTICE: ACQUISITION AND DISPOSAL OF SHARES In accordance with Section 3.83(b) of the Listings Requirements of the JSE Limited, aReit Prop hereby confirms that the Company has received a notice in terms of Section 122 of the Companies Act, No. 71 of 2008 (“Companies Act”). New Line Investments 101 (Pty) Limited (“New Line”) has informed aReit Prop that it has acquired a beneficial interest in the Company, such that the total beneficial interest in the securities held by New Line is now 88.71% of the total issued ordinary share capital of the Company. Redcore Hospitality Holdings Limited (“Redcore”) has informed aReit Prop that it has disposed of a beneficial interest in the Company, such that the total beneficial interest in the securities held by Redcore is now 0% of the total issued ordinary share capital of the Company. As required in terms of Section 122(3)(a) of the Companies Act, aReit Prop has filed the required notice from New Line with the Takeover Regulation Panel and will file the required notice from Redcore once received. RESPONSIBILITY STATEMENT The Board accepts responsibility for the information contained in this announcement to the extent that it relates to Company. To the best of their knowledge and belief, the information contained in this announcement is true and nothing has been omitted which is likely to affect the importance of the information. Cape Town 1 September 2023 Sponsor Acaciacap Advisors Proprietary Limited Date: 01-09-2023 04:40:00 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.