EMIRA PROPERTY FUND LIMITED - Vesting of shares awarded to directors and disposal of shares

Vesting of shares awarded to directors and disposal of shares

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 DISPOSAL OF SHARES


Vesting of shares held by directors under Emira's Forfeitable Share Plan

Shareholders and noteholders are advised of the following information relating to dealings in securities
by directors pursuant to the vesting of shares under Emira's Forfeitable Share Plan (the "Emira FSP"):

1. The vesting of the shares awarded to the directors on 11 November 2020 in terms of the Emira
   FSP, as disclosed in the announcement released on SENS on 11 November 2020:


Name of executive director:             G Booyens
Date of vesting:                        15 July 2025
Number of shares vested:                130 921
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R 1,470,242.83
on an implied price of R11.23 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction:                  Off-market vesting of shares in terms of the Emira FSP 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
                                        FSP

Name of executive director:             U van Biljon
Date of vesting:                        15 July 2025
Number of shares vested:                132 630
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R 1,489,434.90
on an implied price of R11.23 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction:                  Off-market vesting of shares in terms of the Emira FSP 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
                                        FSP

2. The vesting of the shares awarded to the directors on 15 November 2021 in terms of the Emira
   FSP, as disclosed in the announcement released on SENS on 15 November 2021:
Name of executive director:             G Booyens
Date of vesting:                        15 July 2025
Number of shares vested:                85 006
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R 954,617.38
on an implied price of R11.23 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction:                  Off-market vesting of shares in terms of the Emira FSP 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
                                        FSP

Name of executive director:             U van Biljon
Date of vesting:                        15 July 2025
Number of shares vested:                86 116
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R 967,082.68
on an implied price of R11.23 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction:                  Off-market vesting of shares in terms of the Emira FSP 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
                                        FSP


3. The vesting of the shares awarded to the directors on 7 November 2022 in terms of the Emira FSP,
   as disclosed in the announcement released on SENS on 8 November 2022:


Name of executive director:             G Booyens
Date of vesting:                        15 July 2025
Number of shares vested:                80 412
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R 903,026.76
on an implied price of R11.23 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction:                  Off-market vesting of shares in terms of the Emira FSP 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
                                        FSP

Name of executive director:             U van Biljon
Date of vesting:                        15 July 2025
Number of shares vested:                81 461
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R 914,807.03
on an implied price of R11.23 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction:                  Off-market vesting of shares in terms of the Emira FSP 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
                                        FSP


Disposal of shares by directors

Shareholders and noteholders are further advised of the following information relating to dealings in
securities by executive directors of Emira.

Name of executive director:             G Booyens
Date of transactions:                   15 July 2025, 16 July 2025
Nature of transactions:                 On market disposal
Class of securities:                    Ordinary shares
Number of shares:                       296 339 ordinary shares
Highest traded price on the market      R11.32
on 15 July 2025:
Highest traded price on the market      R11.25
on 16 July 2025:
Weighted average price per share:       R11.1718
Lowest traded price on the market on    R11.07
15 July 2025:
Lowest traded price on the market on    R11.00
16 July 2025:
Total value:                            R3 310 640.04
Type of interest:                       Indirect beneficial
Clearance to deal obtained:             Yes

Name of executive director:             U van Biljon
Date of transactions:                   15 July 2025, 16 July 2025
Nature of transactions:                 On market disposal
Class of securities:                    Ordinary shares
Number of shares:                       300 207 ordinary shares
Highest traded price on the market      R11.32
on 15 July 2025:
Highest traded price on the market      R11.25
on 16 July 2025:
Weighted average price per share:       R11.1718
Lowest traded price on the market on    R11.07
15 July 2025:
Lowest traded price on the market on    R11.00
16 July 2025:
Total value:                            R3 353 852.56
Type of interest:                       Indirect beneficial
Clearance to deal obtained:             Yes

Bryanston

17 July 2025


Equity and Debt Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 17-07-2025 05:30:00
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