The Manager and Trustees of the Satrix Collective Investment Scheme (being Satrix Managers (RF) (Pty) Limited and Standard Chartered Bank), respectively, have declared a distribution to holders of Satrix Prop securities ('investors') recorded in the register on, 22 July 2022 in respect of the quarter ended 30 June 2022. An aggregate amount of ZAR 23.70000 cents (ZAR 0.23700) per Satrix Prop security is declared. Note 1: Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South African tax residents and for non-residents it is subject to 20% SA withholding tax.

The Gross rate for non-residents is 22.31815 cents per unit and the net rate is 17.85452 cents per unit. Last day to trade "cum" distribution:, 19 July 2022. Securities trade "ex" distribution:, 20 July 2022.

Record date: 22 July 2022. Payment date: 25 July 2022.