GCR places Vukile’s rating on positive outlook VUKILE PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2002/027194/06) JSE share code: VKE NSX share code: VKN ISIN: ZAE000180865 Debt company code: VKEI (Granted REIT status with the JSE) ("Vukile" or "the company") GCR PLACES VUKILE'S RATING ON POSITIVE OUTLOOK Noteholders and shareholders are advised that Global Credit Rating Company Limited ("GCR") has released a credit rating announcement in which it has placed Vukile's national scale long term issuer rating of AA(za) on Positive Outlook due to continued focus on growing its high-quality, diversified retail portfolio. According to GCR, the Positive Outlook reflects Vukile's "consistently strong property performance metrics in both its South African and Spanish portfolios" and recognises this is supported by Vukile's "access to capital and strong liquidity." GCR's credit rating announcement is publicly available on its website at: https://gcrratings.com/announcements/gcr-places-vukile-property-fund-limiteds-ratings-of-aaza-on-positive- outlook-due-to-continued-focus-on-growing-its-high-quality-diversified-retail-portfolio/ 22 July 2024 JSE sponsor NSX sponsor Java Capital IJG Securities (Pty) Ltd Date: 22-07-2024 04:58:00 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.