BURSTONE GROUP LIMITED - Retirement of a Director

Retirement of a Director

Burstone Group Limited
(Previously Investec Property Fund)
Approved as a REIT by the JSE
Incorporated in the Republic of South Africa
Registration number: 2008/011366/06
Share code: BTN
Bond code: BTNI
ISIN: ZAE000180915
("Burstone")

RETIREMENT OF A DIRECTOR

In accordance with paragraph 3.59 of the Listings Requirements of the JSE
Limited and paragraph 6.39 of the Debt Listings Requirements, investors are
advised that Mrs. CWN Molope, an Independent Non-Executive Director, will
not be standing for re-election at the forthcoming annual general meeting
of Burstone, having served on the board of directors ("Board") for three
years.

Accordingly, Mrs. Molope will retire as a director and as Chairperson of the
Audit & Risk Committee, with effect from 15 August 2024.

The Board extends its sincere appreciation to Mrs. Molope for her commitment
and valued contribution during her tenure as an independent non-executive
director of the Company and wishes her well in her future endeavours.

The Board has appointed Mr. PA Theodosiou to act as Interim Chairperson of
the Burstone Audit & Risk Committee until such time that a new Chairperson
of the committee is elected.

Johannesburg South Africa
12 August 2024

JSE Sponsor: Investec Bank Limited ("Investec")

Date: 12-08-2024 07:05:00
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