REBOSIS PROPERTY FUND LIMITED (IN BUSINESS RESCUE) Incorporated in the Republic of South Africa (Registration number: 2010/003468/06) JSE share code: REA ISIN: ZAE000240552 JSE share code: REB ISIN: ZAE000201687 (Approved as a REIT by the JSE) (“Rebosis” or the “Company”) MONTHLY PROGRESS REPORT IN RESPECT OF PUBLIC SALE PROCESS Shareholders are referred to the announcement released by the Company on 6 April 2023 (“PSP Announcement”) which provided salient information regarding the Public Sales Process (“PSP”), including the requirements for prospective participants to register for and the administration of the PSP. This announcement is an update on the PSP initiated in terms of the amended Business Rescue Plan (“amended BRP”) approved by Rebosis’ creditors on 31 March 2023. To date several listed and unlisted retail-focused property groups have indicated interest in participating in the PSP and the administrators of the PSP continue to see traction in this regard. The Government-tenanted portfolio has received interest from unlisted property groups and seasoned property entrepreneurs specialising in this asset class. A number of participants have been formally admitted to the PSP and have obtained access to information via a virtual data room on a confidential basis. These participants will also be afforded the opportunity to attend site visits. The PSP commenced on 6 April 2023. Between 11 and 12 April 2023, the e-mail address provided for participants to indicate their desire to participate in the PSP malfunctioned and as a result no e-mails reached the administrators of the PSP. This matter was rectified as soon as Rebosis management became aware of the malfunction. The market was notified of the malfunction via a SENS update on 18 April 2023, as well as on Rebosis’ website, and prospective participants were encouraged to re- send their registration documentation. Below is a revised indicative timetable in respect of the PSP for the attention of prospective and registered participants, which includes an extension to the EOI Submission Date. As previously communicated on SENS, the BRPs have the right to amend these time periods. Milestone Indicative Date (2023) Deadline for receipt of Registration e-mails 11 May Registration Deadline 12 May EOI Submission Date 15 May Preferred Bidder Notification Date 19 May Due Diligence (“DD Period”) 20 May – 29 June Binding Offer Date 29 June Final Offer Date 20 July Selection of Final Purchaser and conclusion of Final Sale Agreement 27 July 3 May 2023 Joint Business Rescue Practitioners: Phahlani Mkhombo and Jacques du Toit Advisors to the BRPs: Java Capital Proprietary Limited, Black Acres Proprietary Limited, Deloitte & Touche Legal Advisors to the BRPs: Cliffe Dekker Hofmeyr Inc. Sponsor to Rebosis: Nedbank Corporate and Investment Banking, a division of Nedbank Limited