Emira Property Fund : Acquisition of a beneficial interest in Emira ordinary shares

EMIRA PROPERTY FUND LIMITED

Incorporated in the Republic of South Africa (Registration number 2014/130842/06)

JSE share code: EMI ISIN: ZAE000203063 JSE Interest Rate Issuer Code: EMII (Approved as a REIT by the JSE)

("Emira" or "the Company")

ACQUISITION OF A BENEFICIAL INTEREST IN EMIRA ORDINARY SHARES

In accordance with paragraph 3.83(b) of the JSE Limited Listings Requirements and section 122(3)(b) of the Companies Act 71 of 2008 ("the Act"), shareholders are advised that the Company has received formal notification that Maitlantic 10 (Pty) Ltd, together with its holding company and its holding company's other subsidiaries, ("the Maitlantic Group"), has acquired a beneficial interest in the ordinary shares of Emira, such that the total interest in Emira held by the Maitlantic Group has increased to 50% of the Company's issued ordinary share capital.

As required in terms of section 122(3)(a) of the Act, the Company has filed the required notices with the Takeover Regulation Panel.

The board of Emira ("the Board") accepts responsibility for the information contained in this announcement as it pertains to Emira. To the best of the Board's knowledge and belief, the information contained in this announcement as it pertains to Emira is true and nothing has been omitted which is likely to affect the importance of such information.

Bryanston

13 April 2022

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