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 ("Investec Property Fund" or "the Fund") PUBLICATION OF SUSTAINABILITY CERTIFICATE AND MARGIN IMPLICATIONS Noteholders are referred to the Additional Terms and Conditions relating to the IPFG01 notes (and using the terms defined therein in this announcement unless otherwise stated). In accordance with clause 2.2, the Step Down Event has occurred, and all Key Performance Indicator Conditions have been satisfied. Accordingly, the Step Down Margin is 0.1% and the Step Down Date 22 September 2022. The Sustainabilty Certificate has been delivered to the Sustainability Agent and is available on the website http://bit.ly/3OGh7Vq For further information contact: Investec Bank Limited Jenna Catherine Sprenger Telephone: 011 286 8654 Email: jenna.sprenger@investec.co.za 29 November 2022 Debt Sponsor: Investec Bank Limited