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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”) PROPOSED INTERNALISATION TRANSACTION APPROVED BY COMPETITION TRIBUNAL 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 Wednesday, 14 June 2023, relating to the Proposed Internalisation Transaction. IPF is pleased to announce that the Competition Tribunal has approved the Proposed Internalisation Transaction and has not imposed any conditions on any party thereto. The Proposed Internalisation Closing Date is anticipated to be on or about 30 June 2023. Johannesburg 27 June 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
