INVESTEC PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Reg. No: 2008/011366/06) Approved as a REIT by the JSE Share Code: IPF Bond Code: INV ISIN: ZAE000180915 (“IPF”) Results Of General Meeting Unless otherwise defined, capitalised terms bear the same meanings ascribed to them in the Circular (the “Circular”) distributed to Shareholders on Monday, 17 April 2023. Shareholders are referred to previous SENS announcements, the last of which was published on Monday, 17 April 2023, relating to the Proposed Internalisation Transaction and are advised that at the General Meeting held on Wednesday, 17 May 2023, all the resolutions, as contained in the notice of General Meeting included in the Circular, were passed by the requisite majority of Shareholders present and voting in person or by proxy. Details of the results of voting at the General Meeting are as follows: - Total number of issued Shares: 804,918,444 - Total number of Shares, net of the Shares held by Investec (being 195,636,495 Shares), a related party to IPF, that could be voted at General Meeting: 609,281,949 - Total number of Shares which were present / represented at the General Meeting: 712,110,282, being 88.5% of the total number of issued Shares Ordinary Resolution 1 – Approval of the Proposed Internalisation Transaction For# Against Abstentions^ Shares voted* 465,187,876, being 50,807,764, being 478,147, being 0.06% 515,995,640, being 90.15% 9.85% 64.11% Ordinary Resolution 2 – Directors’ authority to take all such actions necessary to implement the Proposed Internalisation Transaction For Against Abstentions^ Shares voted* 463,970,781, being 52,024,859, being 478,147, being 0.06% 515,995,640, being 89.92% 10.08% 64.11% #In relation to the Shares voted *Shares voted (excluding abstentions) in relation to total shares in issue ^In relation to the total Shares in issue Johannesburg 17 May 2023 Financial Advisor and Sponsor in respect of the Manco Internalisation and Property Disposals Merrill Lynch South Africa Proprietary Limited t/a BofA Securities Financial Advisor to Investec Limited in respect of the Manco Internalisation and Property Disposals Investec Bank Limited Legal Advisor to IPF Cliffe Dekker Hofmeyr Inc. Legal Advisor to Investec Limited Werksmans Attorneys Independent Expert to IPF BDO Corporate Finance Proprietary Limited Competition Law Advisor Vani Chetty Competition Law Proprietary Limited