Results of Texton Rights Offer and Directors’ Dealings TEXTON PROPERTY FUND LIMITED Granted REIT status by the JSE (Incorporated in the Republic of South Africa) (Registration number 2005/019302/06) JSE share code: TEX ISIN: ZAE000190542 ("Texton" or the "Company") RESULTS OF TEXTON RIGHTS OFFER AND DIRECTORS' DEALINGS RESULTS OF RIGHTS OFFER Shareholders are referred to the declaration announcement released on SENS on Wednesday, 6 December 2023 ("Declaration Announcement"). Unless otherwise defined herein, the words and expressions contained in this announcement shall have the same meanings as assigned to them in the Declaration Announcement and/or Circular. Shareholders are advised that the Company has successfully raised a total amount of R85 million pursuant to the Rights Offer. The Rights Offer closed at 12:00 on Friday, 5 January 2024. The table below sets out the results of the Rights Offer: Number of Rights Percentage of Offer Shares Rights Offer Shares % Rights Offer Shares available for subscription 38 636 364 100 Rights Offer Shares subscribed for 36 378 030 94 Rights Offer Shares issued to the Underwriters per Underwriting Agreement* 2 258 334 6 Total Rights Offer Shares issued 38 636 364 100 *The allocation of the Rights Offer Shares issued to the Underwriters in accordance with the Underwriting Agreement will be announced once the allocation has been finalised with the transfer secretaries, which will also include the resultant impact on the associates of the Underwriters. CSDP or Broker accounts of Qualifying Shareholders (holding Dematerialised Shares) who followed their Rights will be credited with the Rights Offer Shares and debited with any payments due on Monday, 8 January 2024. DIRECTORS' DEALINGS As detailed in the Rights Offer Circular, the following Directors or their associates followed their Rights in respect of their shareholdings, as follows: Name of Director: MJA Golding Date of transaction: 5 January 2024 Class of securities: Ordinary shares Nature of transaction: Take up of Rights Offer Shares Number of securities: 7 721 725 Price: R2,20 Total value of transaction: R16 987 795 Nature and extent of director's interest Indirect beneficial Clearance obtained Yes Name of Director: RA Franco Date of transaction: 5 January 2024 Class of securities: Ordinary shares Nature of transaction: Take up of Rights Offer Shares Number of securities: 17 802 911 Price: R2,20 Total value of transaction: R39 166 404.20 Nature and extent of director's interest Indirect beneficial Clearance obtained Yes Name of Director: JR Macey Date of transaction: 5 January 2024 Class of securities: Ordinary shares Nature of transaction: Take up of Rights Offer Shares Number of securities: 6 240 Price: R2,20 Total value of transaction: R13 728 Nature and extent of director's interest Indirect beneficial Clearance obtained Yes Sandton 8 January 2024 Transaction sponsor Investec Bank Limited Legal advisor Solaris Law Date: 08-01-2024 03:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.