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 ("Investec Property Fund" or "the Fund") CREDIT RATING ANNOUNCEMENT GCR Ratings (GCR) has affirmed Investec Property Fund’s national scale long and short-term Issuer ratings at AA-(ZA) and A1+(ZA) respectively in the October 2022 review. The Rating Outlook remains Stable. For the full statement, please follow the following link: https://bit.ly/3FseDYk. Sandton 31 October 2022 Financial Advisor and Sponsor Investec Bank Limited