Termination of the Proposed Transaction to Acquire a 50% Undivided Share in Certain Sandton Consortium Properties

Southern Sun Limited
Incorporated in the Republic of South Africa
Registration number 2002/006356/06
Share Code: SSU ISIN: ZAE000272522
("Southern Sun" or "the Group")


TERMINATION OF THE PROPOSED TRANSACTION TO ACQUIRE A 50% UNDIVIDED SHARE IN CERTAIN SANDTON
CONSORTIUM PROPERTIES OPERATED BY THE GROUP

Shareholders are referred to the announcement released by the Group on 3 February 2026. Shareholders are advised
that Pareto Limited has elected to exercise its pre-emptive right and therefore, Southern Sun will no longer acquire an
undivided share in certain Sandton Consortium Properties (the Sandton Sun, Sandton Towers, Garden Court Sandton
City and the Sandton Convention Centre) from Liberty Group Limited. As a result, the parties have terminated
negotiations.

9 March 2026

JSE Equity Sponsor

Investec Bank Limited

Date: 09-03-2026 05:15:00
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