Change in composition of the Social and Ethics Committee TOWER PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2012/066457/06) JSE share code: TWR ISIN: ZAE000179040 (Approved as a REIT by the JSE) (“Tower” or “the Company”) CHANGE IN COMPOSITION OF THE SOCIAL AND ETHICS COMMITTEE Shareholders are advised that independent non-executive director Nicola Milne has been appointed as a member of the Company’s Social and Ethics Committee, with immediate effect. The composition of Tower’s Social and Ethics Committee, following this change, is as follows: Raven Naidoo (Chairman) Andrew Dalling Marc Edwards Nicola Milne 19 August 2020 Sponsor Java Capital Date: 19-08-2020 04:50:00 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.