OCTODEC INVESTMENTS LIMITED - Changes to the board of directors

Changes to the board of directors

OCTODEC INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1956/002868/06)
JSE share code: OCT
JSE alpha code: OCTI
ISIN: ZAE000192258
LEI: 3789I36JI0BKTUSZ8813
(Approved as a REIT by the JSE)
("Octodec" or "the Company" or "the Group")


CHANGES TO THE BOARD OF DIRECTORS


Shareholders and noteholders are referred to the announcement published on SENS on 22 April 2024 wherein it was
advised that Riaan Erasmus will be appointed as the executive financial director and debt officer of Octodec effective
upon the date of publication of Octodec's audited financial statements for the year ended 31 August 2024.

Following the recommendation of the Nominations Committee in line with the Company's policy dealing with the
nomination of directors, and in line with Octodec's succession planning, the board of directors of Octodec (the "Board")
have resolved to appoint Riaan as the deputy chief executive officer of Octodec in addition to his role as the executive
financial director and debt officer with both appointments becoming effective from 30 November 2024.

Riaan's specific responsibilities in this new role will include the optimisation of the Group's property portfolio and the
assessing of the merits of the internalisation of the asset and property management services currently provided by City
Property Administration (Pty) Ltd ("City Property"). Further responsibilities will be outlined in the upcoming
integrated annual report.

The Board confirms that Riaan's role as deputy chief executive officer would not impede on his position of executive
financial director and debt officer. Riaan will be employed by Octodec on a full-time basis as contemplated in the Asset
and Property Management Agreement between Octodec and City Property and will fulfil his primary duties as the
executive financial director and debt officer, assisted by a capable financial team.

25 October 2024


Sponsor
Java Capital


Debt Sponsor
Nedbank Corporate and Investment Banking,
(a division of Nedbank Limited)

Date: 25-10-2024 12:35:00
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