SA CORPORATE REAL ESTATE LIMITED - Acquisition of Parks Lifestyle Apartments at Riversands Fulfilment of Conditions Precendent

Acquisition of Parks Lifestyle Apartments at Riversands – Fulfilment of Conditions Precendent

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
JSE share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or "the Company")

ACQUISITION OF PARKS LIFESTYLE APARTMENTS AT RIVERSANDS – FULFILMENT OF CONDITIONS PRECENDENT

Shareholders are referred to the announcement published on SENS on 10 October 2025 (the
"Announcement"), regarding the acquisition by SA Corporate, through its subsidiary Afhco
Holdings Proprietary Limited, of all the shares and claims in Riversands Residential Apartments
Proprietary Limited (the "Acquiree"), which owns the Parks Lifestyle Apartments at Riversands, as
a going concern (the "Acquisition").

As stated in the Announcement, the Acquisition was subject to certain conditions precedent,
including obtaining all required consents from the relevant debt funding counterparties of the
Acquiree, releases of security provided by the Acquiree and the Sellers' group, and the approval of
the applicable competition authorities in terms of the Competition Act, No. 89 of 1998
("Competition Authorities").

Shareholders are advised that on 17 November 2025, the Competition Authorities unconditionally
approved the Acquisition and that all other outstanding conditions precedent, including the debt-
related consents and releases of security, have now been fulfilled. Accordingly, the Acquisition has
become unconditional and is anticipated to close on 1 December 2025.

Johannesburg

1 December 2025

Financial and Corporate Advisor: Tenurey BSM Property Advisory

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal Advisors: Cliffe Dekker Hofmeyr Inc

Date: 01-12-2025 07:30:00
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