SAFARI INVESTMENTS RSA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/015002/06)
Approved as a REIT by the JSE Limited
Share code: SAR
ISIN: ZAE000188280
(“Safari” or “the Company”)


DEALINGS IN SHARES BY ASSOCIATES OF A DIRECTOR


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited (“JSE”) Listings Requirements, the
following information regarding the dealings in securities is disclosed:

 NAME OF DIRECTOR                                Steven Herring

 COMPANY OF WHICH A DIRECTOR                     Safari Investments RSA Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-Executive

 NAME OF ASSOCIATES                              Heriot Investments (Pty) Limited
                                                 Heriot Properties (Pty) Limited

 RELATIONSHIP WITH DIRECTOR                      Director of associates

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Transfer of shares by Heriot Investments (Pty)
                                                 Limited to Heriot Properties (Pty) Limited
                                                 (off-market transaction)                   (1)

                                                 Transfer of shares by Heriot Investments (Pty)
                                                 Limited to Heriot Properties (Pty) Limited
                                                 (on-market transaction)                    (2)

                                                 (together, the “Share Transfer”)

 DATE OF TRANSACTION                             31 March 2023                               (1)

                                                 30 March 2023                               (2)

 PRICE PER SECURITY                              560 cents                                 (1-2)

 NUMBER OF SECURITIES TRANSACTED                 9,596,515                                   (1)

                                                 8,605,732                                   (2)

 TOTAL RAND         VALUE     OF   SECURITIES R53,740,484.00                                 (1)
 TRANSACTED
                                                 R48,192,099.20                              (2)

 NATURE AND EXTENT OF DIRECTOR’S Indirect, beneficial.
 INTEREST IN THE TRANSACTION
                                 The Share Transfer will not result in any change
                                 in the indirect beneficial shareholding of Mr
                                                   Steven Herring in Safari Investments RSA
                                                   Limited in terms of the JSE Listings
                                                   Requirements.


Notwithstanding that the Share Transfer was between associates of Mr Steven Herring, clearance
to deal has been obtained in terms of paragraph 3.66 of the JSE Listings Requirements.

The board of directors of the Company accepts responsibility for the information contained in this
announcement. To the best of their collective knowledge and belief, the information contained in this
announcement is true and the announcement does not omit anything likely to affect the importance
of the information contained herein.

Pretoria
3 April 2023

Sponsor
PSG Capital