Emira Property Fund Limited (Incorporated in the Republic of South Africa) (Registration number 2014/130842/06) Company code: EMII LEI Number: 3789005E23C6259EAE70 (Approved as a REIT by the JSE) Bond code: EPF023 ISIN: ZAG000179540 (“Emira”) NOTIFICATION OF A FULL CAPITAL REDUCTION In accordance with the Terms and Conditions of Emira Property Fund Limited’s R 5 000 000 000.00 Domestic Medium Term Note Programme dated 20 May 2022, noteholders are herewith advised of the full capital reduction of the EPF023 notes and the accrued interest paid thereon. Bond code: EPF023 ISIN: ZAG000179540 Nominal amount before reduction: R 130 000 000.00 Reduction of nominal amount: R 130 000 000.00 Nominal amount after reduction: R 0.00 Settlement amount: R 131 283 805.90, excluding accrued interest payment which will be settled through STRATE on 7 March 2024 Record date (for STRATE purposes): 6 March 2024 Pay date of the repurchase: 7 March 2024 Effective date of the reduction in nominal amount: 7 March 2024 The full capital reduction is due to the repurchase of the listed debt securities by the Issuer. 6 March 2024 Debt sponsor Rand Merchant Bank (a division of FirstRand Bank Limited)