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Dealings in Securities by a Director

Published: 2023-01-10 18:26:31 ET [no company card]
                            AFINE INVESTMENTS LIMITED
                          (Approved as a REIT by the JSE)
                  (Incorporated in the Republic of South Africa)
                       Registration number 2020/852422/06
                    JSE share code: ANI    ISIN: ZAE000303947
                            (“the Company” or “Afine”)


                         DEALINGS IN SECURITIES BY A DIRECTOR


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements,
shareholders are advised of the following dealings in securities by a director:

Name of Director:                        JT Loubser
Date of transaction:                     9 January 2023
Name of Company:                         Afine Investments Limited
Number of securities:                    264 shares plus 0.7917 acquired via
                                         fractional share rights
Class of securities:                     Ordinary shares
Nature of transaction:                   Purchase
Price per share:                         R4.80
Nature of interest:                      Direct beneficial
Extent of interest:                      0.00%
Value of transaction:                    R1271.00
How traded                               On market
Clearance to deal obtained:              Yes

Name of Director:                        JT Loubser
Date of transaction:                     9 January 2023
Name of Company:                         Afine Investments Limited
Number of securities:                    139
Class of securities:                     Ordinary shares
Nature of transaction:                   Purchase
Price per share:                         R4.35
Nature of interest:                      Direct beneficial
Extent of interest:                      0.00%
Value of transaction:                    R604.65
How traded                               On market
Clearance to deal obtained:              Yes

Name of Director:                        JT Loubser
Date of transaction:                     9 January 2023
Name of Company:                         Afine Investments Limited
Number of securities:                    9
Class of securities:                     Ordinary shares
Nature of transaction:                   Purchase
Price per share:                         R4.69
Nature of interest:                      Direct beneficial
Extent of interest:                      0.00%
Value of transaction:                    R42.21
How traded                               On market
Clearance to deal obtained:              Yes
The weighted average price for the shares acquired was R4.6133. Investors should kindly
note that these shares were traded on Easy Equities and therefore the trade values do not
reflect on the JSE’s platform.

By order of the board
Cape Town
10 January 2023

                                Designated Advisor
                        AcaciaCap Advisors Proprietary Limited