SOUTHERN SUN LIMITED - Exercise of Share Appreciation Rights and Allotment of Southern Sun Ordinary Shares

Exercise of Share Appreciation Rights and Allotment of Southern Sun Ordinary Shares

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


EXERCISE OF SHARE APPRECIATION RIGHTS AND ALLOTMENT OF SOUTHERN SUN ORDINARY SHARES

In compliance with Paragraphs 3.63 of the JSE Limited Listings Requirements, shareholders are advised that per
Southern Sun's Share Appreciation Rights Plan, Share Appreciation Rights ("SARs") vested and were exercised
by the following director of a Major Subsidiary, to whom Southern Sun ordinary shares ("SSUs") have been
issued. The value of the SSUs issued is equal to the value of the appreciation of the awarded SARs over the
vesting period (net of tax).

 Director                                Petrus Jacobus Boshoff
 Designation                             Director of Major Subsidiary, Southern Sun Hotel Interests (Pty) Ltd
 Nature of transaction                   Off market exercise of SARs and allotment of SSUs
 Nature of interest                      Direct, beneficial
 Class of shares                         Ordinary SSU shares
 Transaction date                        17 January 2025
 Number of SSU                           199 824
 Exercise price                          R8.9431
 Transaction value                       R1 787 046.01
 Clearance obtained                      Yes

17 January 2025

Sponsor
Investec Bank Limited

Date: 17-01-2025 07:05:00
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