Balwin Properties Limited (Incorporated in the Republic of South Africa) Registration number 2003/028851/06 Share code: BWN ISIN: ZAE000209532 (“Balwin” or “the Group” or “the Company”) DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS: VESTING OF LONG- TERM INCENTIVE SHARES In compliance with the JSE Listings Requirements, shareholders are advised of the vesting of bonus shares to executive directors and prescribed officers of the Company. The bonus shares were issued in terms of the Company’s conditional share plan (“CSP”) on 31 July 2020 as pertaining to the financial year ended 29 February 2020. Details of the CSP are included in the Remuneration Report as contained in the Group’s Integrated Annual Report. In compliance with rules 3.63 to 3.66 of the JSE Listings Requirements, the following information is disclosed: (*) the disposal of shares is to settle tax obligations arising from the vested bonus shares. Directors of Balwin Properties Limited Name of director: Stephen Volker Brookes Designation: Chief Executive Officer Name of associate: Volker Holdings Pty Limited Name of company: Balwin Properties Limited Date of vesting: 30 June 2023 Number of shares: 762 071 Deemed price: R2.50 Total value: R1 905 368.02 Nature of transaction: Off-market vesting of CSP awards Nature of interest: Indirect beneficial Clearance obtained: Yes Name of prescribed officer: Rodney Norman Gray Designation: Managing Director Name of associate: Rodna Investments Pty Limited Name of company: Balwin Properties Limited Date of vesting: 30 June 2023 Number of shares: 584 520 Deemed price: R2.50 Total value: R1 461 446.13 Nature of transaction: Off-market vesting of CSP awards Nature of interest: Indirect beneficial Clearance obtained: Yes Name of prescribed officer: Rodney Norman Gray Designation: Managing Director Name of company: Balwin Properties Limited Date of transaction: 11 July 2023 Number of shares: 271 801 Weighted average price R2.50 per share: Price per share – high: R2.52 Price per share – low: R2.50 Total value: R679 570.45 Nature of transaction: On-market disposal (*) of shares that have vested in respect of the CSP for the 2020 financial year Nature of interest: Direct beneficial Clearance obtained: Yes Name of director: Jonathan Bigham Designation: Chief Finance Officer Name of company: Balwin Properties Limited Date of vesting: 30 June 2023 Number of shares: 58 989 Deemed price: R2.50 Total value: R147 487.25 Nature of transaction: Off-market vesting of CSP awards accepted Nature of interest: Direct beneficial Clearance obtained: Yes Name of prescribed officer: Ulrich Gschnaidtner Designation: Chief Projects Officer Name of company: Balwin Properties Limited Date of vesting: 30 June 2023 Number of shares: 459 809 Deemed price: R2.50 Total value: R1 149 637.45 Nature of transaction: Off-market vesting of CSP awards Nature of interest: Direct beneficial Clearance obtained: Yes Name of prescribed officer: Ulrich Gschnaidtner Designation: Chief Projects Officer Name of company: Balwin Properties Limited Date of transaction: 11 July 2023 Number of shares: 459 809 Weighted average price R2.50 per share: Price per share – high: R2.52 Price per share – low: R2.50 Total value: R1 149 637.45 Nature of transaction: On-market disposal of shares that have vested in respect of the CSP for the 2020 financial year Corlett Drive 14 July 2023 Sponsor Investec Bank Limited