SOUTHERN SUN LIMITED - Grant and Acceptance of Share Appreciation Rights by Directors

Grant and Acceptance of Share Appreciation Rights by Directors

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")

GRANT AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS BY DIRECTORS

In compliance with Paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information
is disclosed in relation to the granting and acceptance of Share Appreciation Rights ("SARs") in terms of the
Southern Sun Share Appreciation Rights Plan by directors of the Company and its major subsidiaries.

Director                                Marcel Von Aulock
Designation                             Chief Executive Officer
Company                                 Southern Sun Limited
Nature of transaction                   Grant and acceptance of SARs, off market
Nature of interest                      Direct, beneficial
Class of shares                         Ordinary SSU shares
Date of grant of SARs                   1 April 2024
Date of acceptance                      26 June 2024
Clearance to deal                       Yes

Number of      SARs strike price    Value of transaction     Vesting date of SARs       Expiry Date of
SARs                                                                                              SARs
1 180 080                R5.0844              R6 000 000               31/03/2027           31/03/2028

Director                                Laurelle McDonald
Designation                             Chief Financial Officer
Company                                 Southern Sun Limited
Nature of transaction                   Grant and acceptance of SARs, off market
Nature of interest                      Direct, beneficial
Class of shares                         Ordinary SSU shares
Date of grant of SARs                   1 April 2024
Date of acceptance                      26 June 2024
Clearance to deal                       Yes

Number of      SARs strike price    Value of transaction    Vesting date of SARs        Expiry Date of
SARs                                                                                              SARs
885 060                  R5.0844              R4 500 000              31/03/2027            31/03/2028

Director                                Lindelwa Isabelle
Designation                             Director
Company                                 Southern Sun Hotel Interests Pty Ltd
Nature of transaction                   Grant and acceptance of SARs, off market
Nature of interest                      Direct, beneficial
Class of shares                         Ordinary SSU shares
Date of grant of SARs                   1 April 2024
Date of acceptance                      26 June 2024
Clearance to deal                       Yes

Number of      SARs strike price   Value of transaction    Vesting date of SARs         Expiry Date of
SARs                                                                                              SARs
491 700                  R5.0844             R2 500 000              31/03/2027             31/03/2028

Director                                Jaco Boshoff
Designation                             Director
Company                                 Southern Sun Hotel Interests Pty Ltd
Nature of transaction                   Grant and acceptance of SARs, off market
Nature of interest                      Direct, beneficial
Class of shares                         Ordinary SSU shares
Date of grant of SARs                   1 April 2024
Date of acceptance                      26 June 2024
Clearance to deal                       Yes

Number of      SARs strike price    Value of transaction   Vesting date of SARs         Expiry Date of
SARs                                                                                              SARs
491 700                  R5.0844              R2 500 000             31/03/2027             31/03/2028


27 June 2024

Sponsor
Investec Bank Limited

Date: 27-06-2024 10:03:00
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