TEXTON PROPERTY FUND LIMITED Granted REIT status by the JSE (Incorporated in the Republic of South Africa) (Registration number 2005/019302/06) JSE share code: TEX ISIN: ZAE000190542 (“Texton” or the “Company”) RESULTS OF GENERAL MEETING: SPECIFIC REPURCHASE 1. INTRODUCTION Reference is made to the Firm Intention Announcement released on SENS on 26 May 2023 and the Circular posted to Texton Shareholders (“Shareholders”) on Wednesday, 31 May 2023 wherein Shareholders were advised of the proposed repurchase and subsequent delisting of 72 129 048 Texton ordinary shares (“the Repurchase Shares”), representing approximately 19.8% of the total issued Texton shares (“Texton Shares”) from the Government Employees Pension Fund, governed by the Government Employees Pension Law of 1996 herein represented by its manager the Public Investment Corporation (SOC) Ltd, a public state-owned company incorporated in accordance with the laws of South Africa (“PIC”) at a price of R2.15 per Repurchase Share (“the Repurchase”). Unless expressly defined in this announcement, capitalised terms herein have the meaning given to them in the Circular. Shareholders are advised that the Special Resolution with regards to the Repurchase (“Repurchase Resolution”), as set out in the notice of General Meeting was duly approved by the requisite majority of Shareholders present and voting. The Repurchase Resolution proposed at the General Meeting, together with the percentage of shares abstained, as well as the percentage of votes carried for and against is set out below: FOR AGAINST ABSTAIN SPECIAL RESOLUTION NUMBER 1 Approval of the Repurchase in terms of sections 48(8)(b), 114(1)(e) and 115(2)(a) of the 57 601 292 10 139 16 000 Companies Act 99.98% 0.02% 1. The total number of Texton Shares in issue as at the date of the General Meeting is 363 701 103 (“Issued Share Capital”). 2. The number of Texton Shares voted in person or by proxy (excluding the Excluded Shareholders) was 57 611 431 representing 15.84% of the Issued Share Capital. 2. SALIENT DATES AND TIMES The remaining salient dates and times relating to the Repurchase are as follows: Last date on which Shareholders who voted against the Repurchase Resolution may require Texton to seek court approval in terms of section 115(3)(a) of the Companies Act, but only if the Repurchase Resolution was opposed by at least 15% of the voting rights exercised thereon Friday, 7 July Last date on which Shareholders who voted against the Repurchase Resolution may make application to the court in terms of section 115(3)(b) of the Companies Act for leave to apply for a review of the Repurchase, as the case may be Friday, 14 July If no Shareholder exercises their rights in terms of section 115(3)(a) and (b) of the Companies Act, then the following are the anticipated relevant dates and times: Compliance certificate anticipated to be received from the TRP on Monday, 17 July Finalisation announcement released on SENS on Monday, 17 July Finalisation announcement published in the press on Tuesday, 18 July Expected implementation date of the Repurchase on or about Tuesday, 18 July Delisting application letter lodged with the JSE for the delisting of the Repurchase Shares Tuesday, 18 July Expected termination of listing of Repurchase Shares at the commencement of trading on or about Thursday, 20 July 3. RESPONSIBILITY STATEMENT The Independent Board, collectively and individually, accept responsibility for the accuracy of the information given in this announcement and certify that, to the best of their knowledge and belief, the information contained in this announcement is true, that no facts have been omitted which would make any statement in this announcement false or misleading, that all reasonable enquiries to ascertain such facts have been made and that the announcement contains all information required by law, the Takeover Regulations, and the JSE Listings Requirements. Page 1|2 SANDTON 3 July 2023 Transaction Sponsor: Investec Bank Limited Legal advisor: Solaris Law Proprietary Limited Independent Expert: Valeo Capital Proprietary Limited Reporting Accountant: BDO South Africa Incorporated Page 2|2