BALWIN PROPERTIES LIMITED - Dealings in Securities by Executive Directors and Prescribed Officers: Vesting of Long-Term Incentive Shares

Dealings in Securities by Executive Directors and Prescribed Officers: Vesting of Long-Term Incentive Shares

Balwin Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 2003/028851/06
Share code: BWN
ISIN: ZAE000209532
("Balwin" or "the Group" or "the Company")



DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS: VESTING OF LONG-
TERM INCENTIVE SHARES



In compliance with the JSE Listings Requirements, shareholders are advised of the vesting of bonus
shares to executive directors and prescribed officers of the Group. The bonus shares were issued in
terms of the Group's conditional share plan ("CSP") on 1 July 2021 as pertaining to the financial
year ended 28 February 2021. Details of the CSP are included in the Remuneration Report as
contained in the Group's Integrated Annual Report.

In compliance with rules 3.63 to 3.66 of the JSE Listings Requirements, the following information is
disclosed:

(*) the disposal of shares is to settle tax obligations arising from the vested bonus shares.

Directors of Balwin Properties Limited

 Name of director:                       Stephen Volker Brookes
 Designation:                            Chief Executive Officer
 Name of associate:                      Volker Holdings Proprietary Limited
 Name of company:                        Balwin Properties Limited
 Date of delivery:                       15 July 2024
 Number of shares:                       773 248
 Deemed price:                           R1.81
 Total value:                            R1 398 928.04
 Nature of transaction:                  Off-market vesting and acceptance of CSP awards
 Nature of interest:                     Indirect beneficial
 Clearance obtained:                     Yes

 Name of prescribed officer:             Rodney Norman Gray
 Designation:                            Managing Director
 Name of associate:                      Rodna Investments Pty Limited
 Name of company:                        Balwin Properties Limited
 Date of delivery:                       15 July 2024
 Number of shares:                       590 338
 Deemed price:                           R1.81
 Total value:                            R1 068 014.89
 Nature of transaction:                  Off-market vesting and acceptance of CSP awards
 Nature of interest:                     Indirect beneficial
 Clearance obtained:                     Yes

 Name of prescribed officer:             Rodney Norman Gray
 Designation:                            Managing Director
 Name of associate:                      Rodna Investments Pty Limited
 Name of company:                        Balwin Properties Limited
 Date of transaction:                    15 July 2024
 Number of shares:                       274 507
 Weighted average price                  R1.81
 per share:
 Price per share – high:                 R1.97
 Price per share – low:                  R1.70
 Total value:                            R496 626.62
 Nature of transaction:                  On-market disposal (*) of shares that have vested in
                                         respect of the CSP for the 2020 financial year
 Nature of interest:                     Indirect beneficial
 Clearance obtained:                     Yes

 Name of director:                       Jonathan Bigham
 Designation:                            Chief Finance Officer
 Name of company:                        Balwin Properties Limited
 Date of delivery:                       15 July 2024
 Number of shares:                       133 801
 Deemed price:                           R1.81
 Total value:                            R242 067.19
 Nature of transaction:                  Off-market vesting and acceptance of CSP awards
 Nature of interest:                     Direct beneficial
 Clearance obtained:                     Yes

 Name of prescribed officer:             Ulrich Gschnaidtner
 Designation:                            Chief Projects Officer
 Name of company:                        Balwin Properties Limited
 Date of delivery:                       15 July 2024
 Number of shares:                       462 236
 Deemed price:                           R1.81
 Total value:                            R836 258.10
 Nature of transaction:                  Off-market vesting and acceptance of CSP awards
 Nature of interest:                     Direct beneficial 
 Clearance obtained:                     Yes

 Name of prescribed officer:             Ulrich Gschnaidtner
 Designation:                            Chief Projects Officer
 Name of company:                        Balwin Properties Limited
 Date of transaction:                    15 July 2024
 Number of shares:                       462 236
 Weighted average price                  R1.81
 per share:
 Price per share – high:                 R1.97
 Price per share – low:                  R1.70
 Total value:                            R836 258.10
 Nature of transaction:                  On-market disposal of shares that have vested in respect
                                         of the CSP for the 2020 financial year
 Nature of interest:                     Direct beneficial
 Clearance obtained:                     Yes

 
 Corlett Drive
 18 July 2024
 Sponsor
 Investec Bank Limited

Date: 18-07-2024 04:00:00
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