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" or "the Company")


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

In compliance with paragraphs 6.77 to 6.85 of the JSE Limited Listings Requirements, shareholders are advised
that per Southern Sun's Share Appreciation Rights Plan ("SARP"), 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                                Jaco 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                        6 August 2026
 Number of SSU                           188 663
 Exercise price                          R10,0127
 Transaction value                       R1 889 026,02
 Clearance obtained                      Yes


6 August 2026

Sponsor
Investec Bank Limited

Date: 06-08-2026 12:15:00
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