Castleview Property Fund : Results of dividend reinvestment alternative

CASTLEVIEW PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2017/290413/06)

JSE share code: CVW

ISIN: ZAE000251633 (Approved as a REIT by the JSE) ("Castleview")

RESULTS OF DIVIDEND REINVESTMENT ALTERNATIVE

Shareholders are referred to the declaration of a final cash dividend of 44.74 cents per share (the "cash dividend") with an election to reinvest the dividend in return for Castleview shares (the "new shares") (the "dividend reinvestment alternative") announced on SENS on Friday, 20 May 2022 for the year ended 28 February 2022 and the announcement of the reinvestment price per new share (being R4.60920 per share) applicable to Castleview shareholders electing the dividend reinvestment alternative, released on SENS on Tuesday, 31 May 2022.

All shareholders elected to receive the dividend reinvestment alternative, resulting in the issue of 3 631 378 new Castleview shares and Castleview retaining R16 737 757.00 in new equity. Accordingly, the total number of shares in issue post the issue of the new shares pursuant to the dividend reinvestment alternative will be 41 042 547.

The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders will be credited on Wednesday, 15 June 2022 with their new Castleview shares.

13 June 2022

Corporate advisor and designated advisor