Investec Property Fund Limited Approved as a REIT by the JSE (Incorporated in the Republic of South Africa) (Registration Number 2008/011366/06) (“Investec Property Fund” or “the Fund”) New Financial Instrument Listing – IPF38 The JSE Limited has granted a listing to Investec Property Fund Limited on Interest Rate Market with effect from 23 February 2023 in terms of its Domestic Medium Term Note Programme dated 11 August 2022. Debt security code IPF38 Nominal Issued R480,000,000.00 Issue Price 100% Coupon 3-month JIBAR plus Margin Margin 170 bps Coupon Rate Indicator Floating Final Maturity Date 23 February 2028 Books Close Date The Register will be closed from (and including) 16 February to (but excluding) 23 February, from (and including) 16 May to (but excluding) 23 May, from (and including) 16 August to (but excluding) 23 August and from (and including) 16 November to (but excluding) 23 November in each year. In respect of the last Interest Payment Date (being the Redemption Date), the Register shall be closed from (and including) 16 February 2028 to (but excluding) 23 February 2028 Interest Payment Date(s) 23 February, 23 May, 23 August and 23 November in each year up to the Redemption Date, or if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Business Day Convention Last Day to Register By 17:00 on 15 February, 15 May, 15 August and 15 November, in each year, or if such day is not a Business Day, the Business Day before each Books Closed Period, or the last Business Day immediately preceding the commencement of the Books Closed Period Issue Date 23 February 2023 Date Convention Following Interest Commencement Date 23 February 2023 First Interest Payment Date 23 May 2023 ISIN No. ZAG000193954 Additional Information Senior Unsecured Total Notes in Issue Under R5,084,000,000 Notes in issue (including IPFG02, IPF35, IPF36, Programme IPF37, IPF38 and IPF39 Notes) The Pricing Supplement contains financial covenants applicable in respect of the IPF38 Notes. Investors should study the Applicable Pricing Supplement for full details of the terms and conditions applicable to these Notes. 22 February 2023 Johannesburg Debt Sponsor Investec Bank Limited Page 2 of 2