Texton Property Fund Limited Incorporated in the Republic of South Africa Registration number 2005/019302/06 A REIT, listed on the JSE Limited JSE share code : TEX ISIN : ZAE000190542 (“Texton” or “the Company”) Audited Financial Results And Cash Dividend Declaration For The Year Ended 30 June 2023 The macro-environment has been challenging over the period under review. We have witnessed continuous increases in interest rates, persistent inflation, and ongoing load shedding in South Africa. Nevertheless, Texton has remained committed to executing its strategy. This includes investing in our properties, sale of non-core assets, and allocation of capital to offshore assets in developed markets with best-in-class asset management. Despite the industry challenges, we firmly believe in the potential for value creation and opportunities within the global real estate market, which we are confident in unlocking. Highlights • Final dividend of 19.26 cents per share declared • An amount of R12.7 million was allocated towards property investments in South Africa, these investments were directed towards enhancing the properties through capital improvements and tenant upgrades • Vacancies within the core South African portfolio has decreased from 22.3% to 18.5% • Successfully completed the sale of R447 million of non-core assets • R60.3 million was deployed to our indirect international property investments • Reduced long-term debt by R420.9 million of which R240,0 million is a permanent decrease in long-term debt Key Financial Results 30 June 2023 30 June 2022 Change % Property Revenue (R'000) 298 690 333 206 (10,36) Distributable earnings (R'000) 99 138 91 649 8,17 Headline earnings per share (cents) 16,54 30,49 (45,75) Earnings per share (cents) (4,26) 11,19 (138,07) Net asset value per share (cents) 619,37 587,28 5,46 Dividend per share (cents) 19,26 17,00 13,29 Dividend The Board of directors is pleased to announce that Texton has declared a final dividend of 19.26 cents per share for the year-ended 30 June 2023 (30 June 2022:7.00 cents). The total dividend for the year is 19.26 cents per share (30 June 2022:17.00 cents). Assuming dividend withholding tax will be withheld at a rate of 20%, the net dividend amount due to non-resident shareholders is 15,40800 cents per share. The dividend is declared from income reserves. At the date of the announcement, Texton had 291 423 300 ordinary shares in issue. Texton may offer a dividend reinvestment plan as a mechanism to conserve cash for future expansion, which allows shareholders to reinvest their cash dividends into additional shares in the company (“Share Re-Investment Alternative”). Shareholders will be advised by Friday, 6 October 2023 on whether the Share Re-Investment Alternative will proceed. Salient dates and times 2023 Record date for Shareholders to be registered in the Company’s Friday, 22 September Securities Register in order to be entitled to receive the Circular Circular and form of election posted to Shareholders and announced Tuesday, 3 October on SENS on Last date for Texton to withdraw the entitlement for Shareholders Friday, 6 October to elect to participate in the Share Re-Investment Alternative before the publication of the announcement of the Share Re-Investment Alternative issue price and finalisation information on SENS Announcement of Share Re-Investment Alternative issue price and Tuesday, 10 October finalisation information published on SENS (“Finalisation Date”) by 11:00 on Last day to trade (“LDT”) cum dividend or Share Re-Investment Tuesday, 17 October Alternative Shares to trade ex-dividend or Share Re-Investment Alternative Wednesday, 18 October Listing of maximum possible number of Share Re-Investment Friday, 20 October Alternative shares with commencement of trading on the JSE Last day to elect to receive the Share Re-Investment Alternative (no Friday, 20 October late forms of election will be accepted) at 12:00 (South African time) Record Date to elect to receive the dividend or Share Re-Investment Friday, 20 October Alternative Payment of the Cash Dividend Monday, 23 October Announcement of results of cash dividend and Share Re-Investment Monday, 23 October Alternative published on SENS on Share certificates posted to Certificated Shareholders and accounts Wednesday, 25 October credited by CSDP or brokers of Dematerialised Shareholders electing the Share Re-Investment Alternative on Adjustment to the maximum number of Shares listed on or about Friday, 27 October Notes • Shareholders electing the Share Re-Investment Alternative are reminded that the new Shares will be listed on LDT+3 and that these new Shares can only be traded on LDT+3 as a result of the settlement of Shares 3 days after the Record Date, which differs from the conventional 1 day after the Record Date settlement process. • Shares may not be dematerialised or rematerialised between the commencement of trade on Wednesday, 18 October 2023 and the close of trade on Friday, 20 October 2023, both days inclusive. • All times are South African times. The above dates and times are subject to change and any change will be advised on SENS and in the press. The Company’s tax reference number is: 9353785158 Short-form statement The Annual Financial Statements have been published and can be found on the company’s website, https://www.texton.co.za/reportsandpublications , and can also be viewed on the JSE link, https://senspdf.jse.co.za/documents/2023/JSE/ISSE/TEX/FY23Result.pdf The Annual Financial Statements have been audited by the Group’s auditors, BDO South Africa Incorporated(“BDO”), who expressed an unmodified opinion thereon. Any investment decision should be based on the information contained in the Annual Financial Statements. Copies of the Annual Financial Statements may also be requested from the Company’s registered office. The financial highlights in this announcement have been correctly extracted from the audited Annual Financial Statements. This announcement does not include the information required pursuant to paragraph 16A(j) of IAS 34 ‘Interim Financial Reporting’. The information in this announcement has not been audited and reported on by Texton’s external auditors. Sandton 22 September 2023 Important Information Executive directors: HSP Welleman (Chief Executive officer) Non-Executive Directors: MA Golding (Non-executive chairman), JR Macey (Lead independent non- executive), *AJ Hannington, *S Thomas, * W van der vent, RA Franco ( Non- executive) *Independent non-executive Registered Office: Block D, Vunani Office Park, 151 Katherine, Sandton 2031 Postal address: PO Box 653129, Benmore 2010 Auditors: BDO South Africa Inc Company secretary: Corpstat Governance Services Proprietary Limited JSE Equity Sponsor: Investec Bank Limited Transfer secretaries: Computershare Investor Services Proprietary Limited