<?xml version="1.0" encoding="UTF-8"?>          
<data><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202603130006A-S518421]]></HeadlineID>
        <HeadlineText><![CDATA[Audited Summary Consolidated Financial Results
for the year ended 31 December 2025 and Cash Dividend Declaration]]></HeadlineText>
        <StoryDate><![CDATA[2026/03/13]]></StoryDate>
        <StoryTime><![CDATA[07:30:06]]></StoryTime>
        <StoryText><![CDATA[Audited Summary Consolidated Financial Results
for the year ended 31 December 2025 and Cash Dividend Declaration

SA Corporate Real Estate Limited 
(SA Corporate or the Company) 
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06) 
JSE share code: SAC
ISIN code: ZAE000203238
Approved as a REIT by the JSE


AUDITED SUMMARY CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2025 AND CASH DIVIDEND DECLARATION

Introduction
SA Corporate is a JSE-listed Real Estate Investment Trust (REIT) and together with its subsidiaries (the Group) owns a focused portfolio of quality residential, industrial and retail buildings located primarily in the major metropolitan areas of South Africa with a secondary node in Zambia. As at 31 December 2025, the South African property portfolio consisted of 241 properties, with 1 669 240m2 of gross lettable area (GLA), valued at R19.0 billion, and exposure to direct and listed property valued at R1.7 billion in Zambia.

Overview
Distribution per share Increase of 9.0% to 26.55 cps at 92.5% payout ratio
(2024: 24.37 cps at 90.0% payout ratio)
Distributable income per share Increase of 6.0% to 28.71 cps (2024: 27.08)
Total like-for-like net property income increased by 6.2% to R1.3 billion (2024: R1.2 billion)
Property disposals transferred, contracted and still to transfer for the year of R2 231.9 million
Traditional portfolio vacancies of 1.5% of GLA (2024: 1.5%)
Residential portfolio vacancies of 3.6% of total units (2024: 4.1%)

Salient features
The salient features of the Group annual financial results for the year ended 31 December 2025, as compared to the year ended 31 December 2024, are set out below:
Revenue of R2 922.4 million (2024: R2 941.0 million)
Total net property income of R1.5 billion (2024: R1.5 billion)
Operating profit of R1 179.3 million (2024: R1 407.1 million)
Headline earnings per share of 24.40 cents (2024: 26.12 cents)
Basic earnings per share of 21.86 cents (2024: 25.98 cents)
Net asset value per share of 420 cents (2024: 443 cents)

Distribution declaration and important dates
Notice is hereby given of the declaration of distribution number 21 in respect of the income distribution period 1 July 2025 to 31 December 2025. The distribution amounts to 13.54461 cps (2024: 12.25826 cps). The source of the distribution comprises net income from property rentals. Please refer to the Consolidated Statement of Comprehensive Income for further details. 2 768 559 801 of the Companys shares are in issue at the date of this distribution declaration and the Companys income tax reference number is 9179743191. 
Last date to trade cum distribution Tuesday, 14 April 2026
Shares will trade ex-distribution Wednesday, 15 April 2026
Record date to participate in the distribution Friday, 17 April 2026
Payment of distribution Monday, 20 April 2026

Share certificates may not be dematerialised or rematerialised between Wednesday, 15 April 2026 and Friday, 17 April 2026 (both days inclusive).
Tax implications
In accordance with the Companys REIT status, shareholders are advised that the distribution meets the requirements of a qualifying distribution for the purposes of section 25BB of the Income Tax Act, No 58 of 1962 (Income Tax Act). The distributions on the Companys shares will be deemed to be dividends, for South African tax purposes, in terms of section 25BB of the Income Tax Act. The distributions received by or accrued to South African tax residents must be included in the gross income of such shareholders and are not exempt from income tax (in terms of the exclusion to the general dividend exemption, contained in paragraph (aa) of section 10(1)(k)(i) of the Income Tax Act) because they are dividends distributed by a REIT, with the effect that the distribution is taxable in the hands of the shareholder.
These distributions are, however, exempt from dividend withholding tax in the hands of South African tax resident shareholders, provided that the South African resident shareholders have provided the following forms to their Central Securities Depository Participants (CSDP) or broker, as the case may be, in respect of uncertificated shares, or the transfer secretaries, in respect of certificated shares:
(a)	a declaration that the distribution is exempt from dividends tax; and
(b)	a written undertaking to inform the CSDP, broker or the transfer secretaries, as the case may be, should the circumstances affecting the exemption change or the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African Revenue Service.
The Companys shareholders are advised to contact the CSDP, broker or transfer secretaries, as the case may be, to arrange for the above-mentioned documents to be submitted prior to payment of the distribution, if such documents have not already been submitted.

Notice to non-resident shareholders
Distributions received by non-resident shareholders will not be taxable as income and instead will be treated as ordinary dividends which are exempt from income tax in terms of the general dividend exemption in section 10(1)(k)(i) of the Income Tax Act. Distributions received by a non-resident from a REIT are subject to dividend withholding tax at 20%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (DTA) between South Africa and the country of residence of the shareholder.
Assuming dividend withholding tax will be withheld at a rate of 20%, the net dividend amount due to non-resident shareholders is 10.83569 cents per SA Corporate share. A reduced dividend withholding rate, in terms of the applicable DTA, may only be relied on if the non-resident shareholder has provided the following forms to the CSDP or broker, as the case may be, in respect of uncertificated shares, or the transfer secretaries, in respect of certificated shares:
(a)	a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
(b)	a written undertaking to inform the CSDP, broker or the transfer secretaries, as the case may be, should the circumstances affecting the reduced rate change or the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African Revenue Service.
Non-resident shareholders are advised to contact the CSDP, broker or the transfer secretaries, as the case may be, to arrange for the above-mentioned documents to be submitted prior to payment of the distribution if such documents have not already been submitted, if applicable.
Short-form announcement
The Companys auditors, PricewaterhouseCoopers Inc. have issued an unqualified audit opinion on the Group audited annual financial statements for the year ended 31 December 2025. The contents of this short-form announcement are the responsibility of the board of directors of the Company. Shareholders are advised that this short-form announcement represents a brief summary of the information contained in the Group annual financial statements for the year ended 31 December 2025, which is available via the JSE cloud link on 
https://senspdf.jse.co.za/documents/2026/jse/isse/sace/ye2025.pdf 
and on SA Corporates website https://www.sacorporatefund.co.za. Any investment decisions by investors and/or shareholders should be based on a consideration of the full announcement as a whole and shareholders are encouraged to review the full announcement as directed above. Furthermore, investors are advised that the audited summary consolidated financial statements, which have been audited by PwC who issued an unqualified opinion thereon, are available at https://www.sacorporatefund.co.za. Investors and/or shareholders may request copies of the full announcement by contacting the registered office, details of which are set out below.  
For a more comprehensive analysis of SA Corporates results and outlook, please refer to https://www.sacorporatefund.co.za/

Johannesburg

12 March 2026
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

DIRECTORATE AND STATUTORY INFORMATION
Registered office
GreenPark Corner
16th Floor
Corner Lower Road
and West Road South
Morningside
2196
Tel 010 020 2530

Registered auditors
PricewaterhouseCoopers Inc. 
5 Silo Square 
V&A Waterfront 
Cape Town
8002

Transfer secretaries
Computershare Investor Services (Pty) Ltd
Rosebank Towers
15 Biermann Avenue
Rosebank
2196

Sponsor
Nedbank Corporate 
and Investment Banking, a division of Nedbank Limited
135 Rivonia Road
Sandton
2196

Directors
GJ Heron (Chairman)
N Ford-Hoon(Fok) (Lead Independent Director) 
TR Mackey (Chief Executive Officer)*
SY Moodley (Chief Financial Officer)* 
JA Finn (appointed 11 February 2025) 
SS Mafoyane
OR Mosetlhi
EM Hendricks (retired 5 June 2025)
MA Moloto (retired 5 June 2025)
SJ Mojalefa (resigned 5 June 2025 as executive director)
NNN Radebe (resigned 5 June 2025 as executive director)

* Executive


Date: 13-03-2026 07:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2026/03/13]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Audited Summary Consolidated Financial Results
for the year ended 31 December 2025 and Cash Dividend Declaration]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2026/03/13 07:30:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202512120030A-S514881]]></HeadlineID>
        <HeadlineText><![CDATA[Pre-Close Investor Presentation]]></HeadlineText>
        <StoryDate><![CDATA[2025/12/12]]></StoryDate>
        <StoryTime><![CDATA[10:59:05]]></StoryTime>
        <StoryText><![CDATA[Pre-Close Investor Presentation

SA CORPORATE REAL ESTATE LIMITED
Incorporated in the Republic of South Africa
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or the "Company")

PRE-CLOSE INVESTOR PRESENTATION

SA Corporate shareholders are advised that the Company has posted a pre-close investor
presentation for the year ending 31 December 2025 on its website.

The presentation is available at: https://sacorporatefund.co.za/investor-relations/results-
center/other-publications

12 December 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 12-12-2025 10:59:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/12/12]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Pre-Close Investor Presentation]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/12/12 10:59:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202512010002A-S514161]]></HeadlineID>
        <HeadlineText><![CDATA[Acquisition of Parks Lifestyle Apartments at Riversands – Fulfilment of Conditions Precendent]]></HeadlineText>
        <StoryDate><![CDATA[2025/12/01]]></StoryDate>
        <StoryTime><![CDATA[07:30:07]]></StoryTime>
        <StoryText><![CDATA[Acquisition of Parks Lifestyle Apartments at Riversands – Fulfilment of Conditions Precendent

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
JSE share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or "the Company")

ACQUISITION OF PARKS LIFESTYLE APARTMENTS AT RIVERSANDS – FULFILMENT OF CONDITIONS PRECENDENT

Shareholders are referred to the announcement published on SENS on 10 October 2025 (the
"Announcement"), regarding the acquisition by SA Corporate, through its subsidiary Afhco
Holdings Proprietary Limited, of all the shares and claims in Riversands Residential Apartments
Proprietary Limited (the "Acquiree"), which owns the Parks Lifestyle Apartments at Riversands, as
a going concern (the "Acquisition").

As stated in the Announcement, the Acquisition was subject to certain conditions precedent,
including obtaining all required consents from the relevant debt funding counterparties of the
Acquiree, releases of security provided by the Acquiree and the Sellers' group, and the approval of
the applicable competition authorities in terms of the Competition Act, No. 89 of 1998
("Competition Authorities").

Shareholders are advised that on 17 November 2025, the Competition Authorities unconditionally
approved the Acquisition and that all other outstanding conditions precedent, including the debt-
related consents and releases of security, have now been fulfilled. Accordingly, the Acquisition has
become unconditional and is anticipated to close on 1 December 2025.

Johannesburg

1 December 2025

Financial and Corporate Advisor: Tenurey BSM Property Advisory

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal Advisors: Cliffe Dekker Hofmeyr Inc

Date: 01-12-2025 07:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/12/01]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Acquisition of Parks Lifestyle Apartments at Riversands – Fulfilment of Conditions Precendent]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/12/01 07:30:07]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202511240027A-S513828]]></HeadlineID>
        <HeadlineText><![CDATA[Notification of a Disposal of Beneficial Interest in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2025/11/24]]></StoryDate>
        <StoryTime><![CDATA[10:30:06]]></StoryTime>
        <StoryText><![CDATA[Notification of a Disposal of Beneficial Interest in Securities

SA CORPORATE REAL ESTATE LIMITED
Incorporated in the Republic of South Africa
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate")


NOTIFICATION OF A DISPOSAL OF BENEFICIAL INTEREST IN SECURITIES

In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Companies Act") and
paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that SA
Corporate has received formal notification in accordance with section 122(1) of the Companies Act that
Public Investment Corporation SOC Limited ("PIC") has disposed of SA Corporate ordinary shares,
such that its entire beneficial interest now amounts to 19.637% of SA Corporate's issued ordinary share
capital.

The board of directors of SA Corporate ("Board") accepts responsibility for the information contained in
this announcement and confirms that, to the best of their knowledge and belief, such information is true
and this announcement does not omit anything likely to affect the importance of such information. The
Board has relied on the accuracy of the information contained in the notification received from PIC in
making this statement.

As required in terms of section 122(3)(a) of the Companies Act, SA Corporate has filed the required
notice with the Takeover Regulation Panel.

24 November 2025
Johannesburg


Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 24-11-2025 10:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/11/24]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Notification of a Disposal of Beneficial Interest in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/11/24 10:30:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202511060030A-S512976]]></HeadlineID>
        <HeadlineText><![CDATA[Category 2 Disposal Announcement - 37 Yaldwyn Road and 112 Yaldwyn Road Industrial Buildings]]></HeadlineText>
        <StoryDate><![CDATA[2025/11/06]]></StoryDate>
        <StoryTime><![CDATA[09:54:06]]></StoryTime>
        <StoryText><![CDATA[Category 2 Disposal Announcement - 37 Yaldwyn Road and 112 Yaldwyn Road Industrial Buildings

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Approved as a REIT by the JSE
Share Code: SAC
ISIN Code: ZAE000203238
("SA Corporate" or the "Company")


CATEGORY 2 DISPOSAL ANNOUNCEMENT - 37 YALDWYN ROAD AND 112 YALDWYN ROAD
INDUSTRIAL BUILDINGS

1.    Introduction

      1.1.   SA Corporate shareholders are advised that the Company has, through its wholly-owned
             subsidiary SA Retail Properties (Pty) Ltd (Registration number: 1999/025764/07) (the
             "Seller"), entered into a sale agreement ("Agreement") with SouthRock Properties (Pty)
             Ltd (Registration number: 2012/083092/07) (the "Purchaser"), to dispose of two properties
             that are located at 37 Yaldwyn Road and 112 Yaldwyn Road, Jet Park, and the related
             commercial concerns (the "Yaldwyn Properties") for a total cash consideration of
             R514 000 000 ("Disposal Consideration"), subject to the fulfilment or waiver of the
             conditions precedent set out in paragraph 3 below (the "Disposal").

      1.2.   The effective date of the Disposal is expected to be in the first quarter of 2026, being the
             date of registration of the transfer of the Yaldwyn Properties in the name of the Purchaser
             ("Transfer Date"), but no later than 2 August 2026.

2.    Rationale and use of proceeds

      2.1.   The Disposal is aligned to SA Corporate's strategy of being invested in a low-vacancy
             quality industrial portfolio and mitigates the re-letting risk associated with the Yaldwyn
             Properties which are spread across four buildings and leased to a single tenant which has
             advised it will be vacating the Yaldwyn Properties at the expiry of its current lease in
             September 2027.

      2.2.   The Disposal Consideration will be applied to recycle capital into assets with greater
             growth potential.

3.    Terms and conditions

      3.1.   The ultimate beneficial shareholder of the Purchaser is the JAM Trust.

      3.2.   The Disposal Consideration is payable by the Purchaser on the Transfer Date.

      3.3    The Disposal is subject to the fulfilment or waiver of the condition precedent that, to the
             extent necessary, by no later than 120 days from the signature date of the Agreement, the
             Disposal has been unconditionally approved by the South African competition authorities
             or conditionally approved on terms and conditions acceptable to the parties.

      3.4    The Disposal is subject to warranties and indemnities consistent with a transaction of this
             nature.

4.    Description of the Yaldwyn Properties

      4.1.   The Yaldwyn Properties collectively occupy a land area of approximately 156 736m²:

             4.1.1.   In respect of 37 Yaldwyn Road:

                      4.1.1.1.      erf 212 Hughes Extension 28 Township, Registration Division IR,
                                    Province of Gauteng, measuring 1,8851 hectares, held by Deed of
                                    Transfer T14821/2016; and
                      4.1.1.2.      the remaining extent of erf 230 Hughes Extension 1 Township,
                                    Registration Division IR, Province of Gauteng, measuring 5,9759
                                    hectares, held by Deed of Transfer T14822/2016

             4.1.2   In respect of 112 Yaldwyn Road:

                      4.1.2.1       erf 227 Hughes Extension 4 Township, Registration Division IR,
                                    Province of Gauteng, measuring 1,2848 hectares, held by Deed of
                                    Transfer T14823/2016; and

                      4.1.2.2       portion 112 (a portion of portion 5) of the farm Driefontein number
                                    85, Registration Division IR, Province of Gauteng, measuring
                                    4,2827 hectares, held by Deed of Transfer T30846/2016

             4.1.3   all the Seller's right, title and interest in and to the leases and contracts; and

             4.1.4   the buildings erected on the properties together with all improvements, movable
                     and fixed assets and all fixtures and fittings, excluding assets which are the
                     property of the tenant.

      4.2    Details of the Yaldwyn Properties:

              Location:                      37 Yaldwyn Road and 112 Yaldwyn Road, Jet Park,
                                             Gauteng
              Rentable area:                 70 037m2
              Weighted average net           R53.30 per m2
              rental:
              Sector:                        Industrial

5.    Property specific information

      5.1.   A valuation of the Company's total property portfolio was performed as at 30 June 2025
             by Spectrum Valuations and Asset Solutions (Pty) Limited ("Valuer"), who are independent
             and registered as professional valuers in terms of the Property Valuers Professional Act
             No 47 of 2000.

      5.2.   The value attributed to the Yaldwyn Properties by the Valuer as at 30 June 2025 was
             R515 800 000.


6.    Financial information

The net property income for the six months ended 30 June 2025 attributable to the Yaldwyn Properties
was R22 699 047. This information has been extracted from the unaudited interim results of the
Company for the six months ended 30 June 2025, which were prepared in accordance with International
Financial Reporting Standards and the South African Companies Act.


7. Categorisation

The Disposal constitutes a category 2 transaction in terms of the Listings Requirements of the JSE
Limited, involves no related parties and does not require shareholder approval.

Sandton
6 November 2025

Corporate Advisor and Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 06-11-2025 09:54:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/11/06]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Category 2 Disposal Announcement - 37 Yaldwyn Road and 112 Yaldwyn Road Industrial Buildings]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/11/06 09:54:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202510100045A-S511702]]></HeadlineID>
        <HeadlineText><![CDATA[Acquisition of Parks Lifestyle Apartments at Riversands]]></HeadlineText>
        <StoryDate><![CDATA[2025/10/10]]></StoryDate>
        <StoryTime><![CDATA[15:18:05]]></StoryTime>
        <StoryText><![CDATA[Acquisition of Parks Lifestyle Apartments at Riversands

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
JSE share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or "the Company")


ACQUISITION OF PARKS LIFESTYLE APARTMENTS AT RIVERSANDS

1.    Introduction

      Shareholders are advised that SA Corporate, through its subsidiary Afhco Holdings Proprietary
      Limited ("Afhco" or the "Purchaser"), has concluded a sale of shares and claims agreement (the
      "Agreement") with CH Development Investments Proprietary Limited and Century Property
      Developments Proprietary Limited (collectively referred to as the "Sellers" and each a "Seller")
      pursuant to which, subject to the fulfilment or waiver of the conditions precedent as set out in
      paragraph 3.2 ("CPs"), Afhco will acquire all the shares and claims in and against Riversands
      Residential Apartments Proprietary Limited (the "Acquiree") at a transaction value equal to
      R1,671 million (the "Purchase Consideration") (excluding acquisition costs), subject to the
      terms set out below (the "Acquisition").

      The Sellers' group will complete the development of a new block of 40 units ("New Block"),
      provided that if the New Block is not completed by implementation of the Acquisition ("Phase 2")
      a portion of the Purchase Consideration of up to R31 million (based on progress to date)
      ("Deferred Purchase Consideration") will be deferred and paid when Phase 2 reaches
      applicable development milestones. The New Block will be underpinned by a 12-month net
      operating income guarantee described in further detail in paragraph 3.2.

      The Acquiree owns 100% of Parks Lifestyle Apartments at Riversands (the "Parks" or the
      "Property"). The beneficial owner of the Sellers is the MAC Trust (the "Trust"). The beneficiaries
      of the Trust are all individuals, none of whom are related parties to SA Corporate.

2.    Information on the Property and rationale for the Acquisition

      The Property prior to completion of Phase 2 ("Phase 1") comprises 1,960 residential units with a
      total gross lettable area ("GLA") of 118,528m². The Property is located in the rapidly growing
      Riversands development area near Steyn City, Fourways, which offers a secure, convenient, and
      high value living environment for residents. The unit mix includes bachelor, one, two, and three-
      bedroom apartments within three storey blocks.

      The Acquisition presents an opportunity for SA Corporate to further its strategic focus on high
      quality, precinct-based developments that align with its long-term goals of sustainability,
      defensive income, and enhanced stakeholder value. As confirmation, SA Corporate does not
      currently own or manage property with the same scale or mixed-use development potential as
      the Parks, making this a compelling strategic expansion. Further rationale for the Acquisition
      includes:

      2.1.   Strengthening the residential portfolio quality and scale

             -     The Parks provides a high quality, scalable residential asset that supports SA
                   Corporate's growth in the middle-income rental market; and
             -     The Acquisition will increase SA Corporate's exposure to suburban estates which is
                   expected to increase to 67.2% (currently: 58.7%) of SA Corporate's residential
                   portfolio.

      2.2.   Attractive and sustainable rental fundamentals

             -     The Parks delivers strong occupancy and stable cash flows due to affordability,
                   lifestyle offering and supply constrained location.

      2.3.   Extensive lifestyle amenities enhancing tenant appeal
             -     Green spaces, recreational facilities, and enhanced security increase tenant
                   retention and attractiveness;
             -     Facilities include a clubhouse, swimming pool, gym, restaurant, cinema, games
                   room and executive lounges; and
             -     Family-friendly amenities enhancing tenant appeal including walking paths, kids'
                   play parks, sports fields, on-site nursery school, adjacent private primary school,
                   water park with super-tubes and beach area.

     2.4.   Strategic location in a high growth node

             -     Situated in Riversands, the Parks benefits from strong infrastructure, proximity to
                   employment hubs and potential long-term appreciation; and
             -     The Parks is a flagship quality suburban estate in keeping with characteristics of the
                   global multifamily housing sub-sector.

     2.5.   Alignment with responsible investment and community focus

             -     SA Corporate's commitment to ethical investment, sustainability and community
                   upliftment is reflected in the Parks' design and management philosophy. The
                   Property enhances quality of life through well-considered urban living, aligning with
                   SA Corporate's long-term ESG objectives.
             -     This commitment is further demonstrated through the achievement of EDGE
                   certifications across 1,960 residential units, comprising 1,432 units with EDGE
                   Advanced certification and 528 units with EDGE certification. These certifications
                   recognise energy savings of up to 46%, water savings of up to 23%, reductions in
                   embodied energy of up to 30%, and meaningful cuts in operational carbon
                   emissions, reinforcing SA Corporate's responsible investment strategy.

     2.6.   Value underpin

             -     Value is underpinned by the ability to sell units into the retail market at sub 8% yields
                   as evidenced by sales at comparable estates; and
             -     The Acquisition establishes a partnership with a highly reputable developer.

     2.7.   Enhances ability to dispose of other units within the Afhco portfolio at attractive
            yields

             -     The Acquisition of 2,000 units provides SA Corporate with the ability to dispose of
                   other less strategic units (within its residential portfolio) at sub 8.5% yields.

     2.8.   Residential Property Management Platform economies of scale

             -     The addition of 2,000 apartments will enhance the efficiencies derived from
                   economies of scale within SA Corporate's established residential property
                   management platform.

3.   Terms of the Acquisition

     3.1.   Effective date

            The Acquisition is expected to close and take effect on the first business day of the month
            following the month in which the last of the CPs are fulfilled, or to the extent legally
            permissible, waived ("Closing Date").

     3.2.   Application and settlement of Purchase Consideration

            The upfront portion of the Purchase Consideration of R1,640 million for Phase 1 will be
            applied as follows:

            -     first, to settle any external debt of the Acquiree ("Acquiree Debt") to be confirmed
                  by a settlement statement obtained from the Acquiree's debt funders;
                  -        second, as consideration for the acquisition by the Purchaser of the loan owing by
                           the Acquiree to the Seller (the "Shareholder Loan"), being an amount of R125
                           million under the relevant loan agreement; and
                  -        the remaining balance of the Purchase Consideration as consideration for shares in
                           the Acquiree.

                The Deferred Purchase Consideration will be payable to the Seller upon certain milestones
                being reached, the last of which being the issuance of the temporary occupancy certificate
                for the New Block of 40 units once construction of the New Block is completed.

                In addition, the Seller will provide a monthly net operating income ("Monthly NOI")
                guarantee ("NOI Guarantee") of R316,667. To the extent that the Monthly NOI amounts
                to less than the NOI Guarantee, the Sellers will pay the deficit to the Purchaser every
                month for the first-12 months post-closing in respect of Phase 2.

                The Purchase Consideration will be funded through a combination of SA Corporate's and
                Afhco's existing and new debt facilities, disposal proceeds and / or equity to be raised. The
                3-year Afhco debt to be raised will be competitively priced at a margin of 125 bps above
                3-month JIBAR, secured to fund socially responsible investment in affordable
                accommodation residential property.

        3.3.    Conditions precedent

                The Acquisition is subject to fulfilment or, where appropriate, waiver of the following
                outstanding CPs, that by no later than 28 February 2026 (the "Longstop Date"):

                -        all required consents or approvals are obtained from the relevant debt funding
                         counterparties of the Acquiree, and to the extent that SA Corporate refinances the
                         Acquiree Debt, confirmation that such refinancing will not trigger any defaults,
                         prepayments or penalties;
                -        any releases of security provided by (a) the Acquiree for the Sellers' group debt and
                         obligations; and (b) the Sellers' group from the Acquiree's debt and obligations, are
                         procured;
                -        the necessary approvals (or exemptions) from the Competition Authorities and any
                         other applicable regulatory authorities, either unconditionally or subject to conditions
                         acceptable to the Purchaser, the Sellers and the Acquiree, within the relevant
                         statutory timelines, are received; and
                -        Within 10 business days following fulfilment or waiver of all the above CPs, SA
                         Corporate must deliver the funding confirmation notice to the Seller.

                Any of the dates in respect of the CPs set out above may be extended by mutual
                agreement between the Purchaser, the Sellers and the Acquiree in writing.

                The Agreement contains warranties and undertakings which are normal for a transaction
                of this nature.

4.      Property specific information

                                                                  Weighted                                           Value
                                                                                 Average
                                                                   average                        Purchase      attributed
     Property                                 GLA (m²) & #                    rental per
                    Location       Sector                     basic rental                   Consideration          to the
      name                                        of units                      unit per
                                                                 per month                            (Rm)        Property
                                                                                month(R)
                                                                    (R/m²)                                            (Rm)
                                                  Phase 1:
                                                 118 528m2
 The Parks
                    Fourways,                  1,960 units                                 Phase 1: R1,640
 Lifestyle                     Residential                            131          8,125                            R1,671
                     Gauteng                      Phase 2:                                    Phase 2: R31
 Apartments
                                                    2419m2
                                                  40 units

        The Purchase Consideration payable for the Acquiree (and the Property) is considered to be its
        fair market value (and value of the net assets), as determined by the directors of the Company.
        The directors of the Company are not independent valuers nor are they registered as professional
        valuers or as professional associate valuers in terms of the Property Valuers Profession Act,
        No.47 of 2000.

5.      Financial information

        The forecast financial information relating to the Acquiree ("Forecast") for the first 12 months of
        ownership by SA Corporate ("Forecast Period") is set out below.

        The Forecast has been prepared on the assumption that the Closing Date will occur on 1 January
        2026 and on the basis that the Forecast includes forecast results for the duration of the Forecast
        Period.

        The Forecast, including the assumptions on which it is based and the financial information from
        which it has been prepared, is the responsibility of the directors of the Company. The Forecast,
        and any other financial information in this announcement, has not been reviewed or reported on
        by the Company's external auditor.

        The Forecast presented in the table below has been prepared in accordance with the Company's
        accounting policies, which are in compliance with IFRS Accounting Standards:

                                                              Forecast for the 12 months ending 31
                                                                                     December 2026
 Rental income                                                                        R191,700,792
 Recovery income                                                                       R55,330,581
 Property expenses                                                                    -R87,452,316
 Net operating income                                                                 R159,579,057
 Finance costs                                                                        -R79,082,749
 Profit before tax                                                                     R80,496,309
 Tax                                                                                            R0
 Distributable profit                                                                  R80,496,309

      The Forecast incorporates the following material assumptions in respect of revenue and
      expenses:

      (1)    The Forecast is based on information derived from the rent roll, budgets and additional
             information provided by the Sellers.
      (2)    The Forecast has been prepared for the Acquisition only and includes the Seller's R3.8
             million NOI Guarantee for the first year post the Closing Date in respect of Phase 2. It is
             assumed that the Property will not be sold during the Forecast Period.
      (3)    The Forecast assumes the Acquisition will be debt funded on a 57% loan to value ratio (at
             the pricing as stated in paragraph 3.2). It should be noted that the SA Corporate group is
             settling more expensive debt from disposals to ensure SA Corporate's target gearing is
             achieved.
      (4)    Whilst the Forecast allows for a property management fee of 4% plus VAT, the Forecast
             does not make provision for any economies of scale that SA Corporate will achieve through
             its residential property management platform.
      (5)    Net operating income does not include the effects of straight lining rental income.
      (6)    No fair value adjustment is recognised.
      (7)    Rental income comprises individual leases signed on a month to month basis and all
             contracted rental agreements are assumed to be valid and enforceable.
      (8)    Vacancies and rental increases have been forecast based on historic metrics.
      (9)    Operating expenditure has been estimated with reference to contracted terms and
             prevailing sector forecasts.
      (10)   There will be no unforeseen economic factors that will affect rental to be received from
             tenants and current operating expenditure.

      The Acquisition is at a forecast 9.55% first year net property income yield and is expected to
      result in accretion of more than 1.5% to SA Corporate's distributable income per share within 12
      months of implementing the Acquisition.

5.    Categorisation

      The Acquisition is classified as a category 2 acquisition in terms of the Listings Requirements of
      the JSE Limited and accordingly does not require SA Corporate shareholder approval.
      The Company confirms, for purposes of paragraph 9.16 of the Listings Requirements, that
      nothing in the constitutional documents of the Acquiree will, in any way, frustrate or relieve SA
      Corporate from complying with its obligations in terms of the Listings Requirements.



Johannesburg
10 October 2025

Financial and Corporate Advisor: Tenurey BSM Property Advisory

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal Advisors: Cliffe Dekker Hofmeyr Inc

Date: 10-10-2025 03:18:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/10/10]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Acquisition of Parks Lifestyle Apartments at Riversands]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/10/10 15:18:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202510070021A-S511481]]></HeadlineID>
        <HeadlineText><![CDATA[Category 2 Disposal Announcement - Bluff Towers Shopping Centre]]></HeadlineText>
        <StoryDate><![CDATA[2025/10/07]]></StoryDate>
        <StoryTime><![CDATA[08:30:14]]></StoryTime>
        <StoryText><![CDATA[Category 2 Disposal Announcement - Bluff Towers Shopping Centre

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Approved as a REIT by the JSE
Share Code: SAC
ISIN Code: ZAE000203238
("SA Corporate" or the "Company")


CATEGORY 2 DISPOSAL ANNOUNCEMENT - BLUFF TOWERS SHOPPING CENTRE

1.    Introduction

      1.1.   SA Corporate shareholders are advised that the Company has, through its wholly-owned
             subsidiary SA Retail Properties Proprietary Limited (the "Seller"), entered into a sale
             agreement with Tinos Consulting and Advisory Proprietary Limited (the "Purchaser"), to
             dispose of Bluff Towers Shopping Centre and the related commercial concerns ("Bluff
             Towers") for a total cash consideration of R544 646 166 ("Disposal Consideration"),
             subject to the fulfilment or waiver of the conditions precedent set out in paragraph 3 below
             (the "Disposal").

      1.2.   The effective date of the Disposal is expected to be on or about 20 December 2025, being
             the date of registration of the transfer of Bluff Towers in the name of the Purchaser
             ("Transfer Date"), but no later than 20 March 2026.

2.    Rationale and use of proceeds

      2.1.   The Disposal is aligned to SA Corporate's strategy of reducing its retail exposure to
             Kwazulu-Natal and furthermore that, following the redevelopment of Bluff Towers during
             2021/2022, the enhancement of such redevelopment has now reached its full maturity.

      2.2.   The Disposal Consideration will be applied to recycle capital into assets with greater
             growth potential.

3.    Terms and conditions

      3.1.   The ultimate beneficial shareholder of the Purchaser is Big Apple Trust (IT001808/2012).

      3.2.   The Disposal Consideration is payable by the Purchaser on the Transfer Date.

      3.3    The Disposal is subject to the fulfilment or waiver of the condition precedent that, to the
             extent necessary, by no later than 120 days from the Signature Date, the Disposal has
             been unconditionally approved by the competition authorities or conditionally approved on
             terms and conditions acceptable to the parties.

      3.4    The Disposal is subject to warranties and indemnities consistent with a transaction of this
             nature.

4.    Description of Bluff Towers

      4.1.   Bluff Towers comprises:

             4.1.1.   the remainder of Erf 1714 Wentworth township, Registration Division FT,
                      Province of KwaZulu Natal, measuring 4,8637 hectares, held by Deed of
                      Transfer T58877/2001;
             4.1.2.   all the Seller's right, title and interest in and to the leases and contracts; and

             4.1.3.   the buildings erected on the property together with all improvements, movable
                      and fixed assets and all fixtures and fittings, excluding assets which are the
                      property of a tenant.

      4.2.   Details of Bluff Towers:

              Location:                                  319 Tara Road, Bluff, Durban
              Rentable area:                             23 979m2
              Weighted average rental:                   R206 per m2
              Sector:                                    Retail

5.    Financial information

      5.1.   The net asset value attributable to Bluff Towers was R357 602 210.

      5.2.   The net property income attributable to Bluff Towers was R44 694 727.

      5.3.   The above information was extracted from the audited annual financial statements of the
             Company for the year ended 31 December 2024, which were prepared in accordance with
             International Financial Reporting Standards and the South African Companies Act.

6.    Independent valuation of Bluff Towers

      6.1.   A valuation of the Company's total property portfolio was performed as at 30 June 2025
             by Spectrum Valuations and Asset Solutions (Pty) Limited ("Valuer"), who are independent
             and registered as professional valuers in terms of the Property Valuers Professional Act
             No 47 of 2000.

      6.2.   The value attributed to Bluff Towers by the Valuer as at 30 June 2025 was R545 100 000.

7.    Categorisation

      The Disposal constitutes a category 2 transaction in terms of the JSE Listings Requirements,
      involves no related parties and does not require shareholder approval.

Sandton
6 October 2025

Corporate Advisor and Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 07-10-2025 08:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/10/07]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Category 2 Disposal Announcement - Bluff Towers Shopping Centre]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/10/07 08:30:14]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202509220027A-S510790]]></HeadlineID>
        <HeadlineText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2025/09/22]]></StoryDate>
        <StoryTime><![CDATA[10:10:06]]></StoryTime>
        <StoryText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities

SA CORPORATE REAL ESTATE LIMITED
Incorporated in the Republic of South Africa
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate")

NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES

In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Companies Act") and
paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that SA
Corporate has received formal notification in accordance with section 122(1) of the Companies Act, that
Cervantes Investments (Pty) Ltd together with other entities in the Castleview Property Fund Limited
group of companies (the "Castleview Group") have acquired SA Corporate ordinary shares, such that
the Castleview Group's entire beneficial interest now amounts to 21.133% of SA Corporate's issued
ordinary share capital. Shareholders are also referred to the announcement released by Castleview
Property Fund Limited on SENS on 17 September 2025 in this regard.

The board of directors of SA Corporate (the "Board") accepts responsibility for the information contained
in this announcement and confirms that, to the best of their knowledge and belief, such information is
true and this announcement does not omit anything likely to affect the importance of such information.
The Board has relied on the accuracy of the information contained in the notification and
correspondence received from the Castleview Group in making this statement.

As required in terms of section 122(3)(a) of the Companies Act, SA Corporate has filed the required
notice with the Takeover Regulation Panel.

22 September 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 22-09-2025 10:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/09/22]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Notification of an Acquisition of Beneficial Interest in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/09/22 10:10:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202509180048A-S510712]]></HeadlineID>
        <HeadlineText><![CDATA[Unaudited interim financial results for the six months ended 30 June 2025 and cash dividend declaration]]></HeadlineText>
        <StoryDate><![CDATA[2025/09/18]]></StoryDate>
        <StoryTime><![CDATA[17:05:05]]></StoryTime>
        <StoryText><![CDATA[Unaudited interim financial results for the six months ended 30 June 2025 and cash dividend declaration

SA Corporate Real Estate Limited 
(SA Corporate or the Company) 
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06) 
Approved as a REIT by the JSE
Share code: SAC
ISIN code: ZAE000203238

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2025 AND CASH DIVIDEND DECLARATION

Introduction
SA Corporate is a JSE-listed Real Estate Investment Trust (REIT) and together with its subsidiaries (the Group) owns a focused
portfolio of quality industrial, retail and residential properties located primarily in the major metropolitan areas of South Africa 
with a secondary node in Zambia. As at 30 June 2025, the property portfolio consisted of 250 properties, with 1 655 326m2 of gross 
lettable area (GLA), valued at R17.7 billion and exposure to direct and listed property valued at R1.8 billion in Zambia.

Overview
Distribution per share
Increase of 7.5% to 13.01 cps at 92.5% payout ratio (2024 H1: 12.11 cps at 90% payout ratio)
Distributable income per share
Increase per share of 4.6% to 14.07 cps (2024 H1: 13.46 cps)
Total like-for-like net property income increased by 4.9% to R718.1 million (2024 H1: R684.8 million)
Property disposals transferred, contracted and still to transfer for the period 1 January to 30 June 2025 of R953.2 million
Traditional portfolio vacancies of 1.5% of GLA (31 December 2024: 1.5%)
Residential portfolio vacancies of 3.3% of total units (31 December 2024: 4.1%)

Salient features
The salient features of the Groups unaudited condensed consolidated interim financial results for the six months ended 30 June 2025, 
as compared to the six months ended 30 June 2024, are set out below:
Revenue of R1 456.3 million (2024 H1: R1 459.6 million)
Total net property income of R756.6 million (2024 H1: R734.5 million)
Operating profit of R712.3 million (2024 H1: R736.3 million)
Headline earnings per share of 13.33 cents (2024 H1: 14.34 cents)
Basic earnings per share of 14.90 cents (2024 H1: 16.33 cents)
Net asset value per share of 433 cents (31 December 2024: 443 cents)

Distribution declaration and important dates
Notice is hereby given of the declaration of distribution number 20 in respect of the income distribution period 1 January 2025 to 
30 June 2025. The payment amounts to 13.01407 cps (June 2024: 12.11103 cps). The source of the distribution comprises mainly of net 
income from property rentals. Please refer to the Unaudited Condensed Consolidated Interim Statement of Comprehensive Income for 
further details. 2 625 247 699 of the Company's shares are in issue at the date of this distribution declaration and the Company's 
income tax reference number is 9179743191. 

Last date to trade cum distribution            Tuesday, 14 October 2025
Shares will trade ex-distribution              Wednesday, 15 October 2025
Record date to participate in the distribution Friday, 17 October 2025
Payment of distribution                        Monday, 20 October 2025

Share certificates may not be dematerialised or rematerialised between Wednesday, 15 October 2025 and Friday, 17 October 2025 
(both days inclusive).

Tax implications
In accordance with the Company's REIT status, shareholders are advised that the distribution meets the requirements of a qualifying 
distribution for the purposes of section 25BB of the Income Tax Act, No 58 of 1962 (Income Tax Act). The distributions on the Company's 
shares will be deemed to be dividends, for South African tax purposes, in terms of section 25BB of the Income Tax Act. The distributions 
received by or accrued to South African tax residents must be included in the gross income of such shareholders and are not exempt from 
income tax (in terms of the exclusion to the general dividend exemption, contained in paragraph (aa) of section 10(1)(k)(i) of the Income 
Tax Act) because they are dividends distributed by a REIT, with the effect that the distribution is taxable in the hands of the shareholder.

These distributions are, however, exempt from dividend withholding tax in the hands of South African tax resident shareholders, provided that 
the South African resident shareholders have provided the following forms to their Central Securities Depository Participants (CSDP) or broker, 
as the case may be, in respect of uncertificated shares, or the transfer secretaries, in respect of certificated shares:
(a) a declaration that the distribution is exempt from dividends tax; and
(b) a written undertaking to inform the CSDP, broker or the transfer secretaries, as the case may be, should the circumstances affecting the 
    exemption change or the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African 
    Revenue Service.

The Company's shareholders are advised to contact the CSDP, broker or transfer secretaries, as the case may be, to arrange for the above-mentioned documents 
to be submitted prior to payment of the distribution, if such documents have not already been submitted.

Notice to non-resident shareholders
Distributions received by non-resident shareholders will not be taxable as income and instead will be treated as ordinary dividends which are exempt from income 
tax in terms of the general dividend exemption in section 10(1)(k)(i) of the Income Tax Act. Distributions received by a non-resident from a REIT are subject to 
dividend withholding tax at 20%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (DTA) between South Africa 
and the country of residence of the shareholder.

Assuming dividend withholding tax will be withheld at a rate of 20%, the net dividend amount due to non-resident shareholders is 10.41126 cents per SA Corporate 
share. A reduced dividend withholding rate, in terms of the applicable DTA, may only be relied on if the non-resident shareholder has provided the following forms 
to the CSDP or broker, as the case may be, in respect of uncertificated shares, or the transfer secretaries, in respect of certificated shares:
(a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
(b) a written undertaking to inform the CSDP, broker or the transfer secretaries, as the case may be, should the circumstances affecting the reduced rate change 
    or the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African Revenue Service.

Non-resident shareholders are advised to contact the CSDP, broker or the transfer secretaries, as the case may be, to arrange for the above-mentioned documents to 
be submitted prior to payment of the distribution if such documents have not already been submitted, if applicable.

Short-form notice
The contents of this short-form announcement are the responsibility of the board of directors of the Company. Shareholders are advised that this short-form announcement 
represents a brief summary of the information contained in the Unaudited Condensed Consolidated Interim Financial Statements, available on the JSE cloud link below: 
https://senspdf.jse.co.za/documents/2025/jse/isse/SACE/Interim25.pdf 
and on SA Corporates website https://www.sacorporatefund.co.za. Any investment decisions by investors and/or shareholders should be based on a consideration of the 
Unaudited Condensed Consolidated Interim Financial Statements as a whole and shareholders are encouraged to review the Unaudited Condensed Consolidated Interim 
Financial Statements as directed above.   

For a more comprehensive analysis of SA Corporates results and outlook, please refer to https://www.sacorporatefund.co.za/

Johannesburg

18 September 2025

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

DIRECTORATE AND STATUTORY INFORMATION
Registered office
GreenPark Corner
16th Floor
Corner Lower Road
and West Road South
Morningside
2196
Tel 010 020 2530

Registered auditors
PricewaterhouseCoopers Inc. 
5 Silo Square 
V&A Waterfront 
Cape Town
8002

Transfer secretaries
Computershare Investor Services (Pty) Ltd
Rosebank Towers
15 Biermann Avenue
Rosebank
2196

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
135 Rivonia Road
Sandton
2196

Directors
GJ Heron (Chairman)
N Ford-Hoon(Fok)(Lead Independent Director)
TR Mackey (Chief Executive Officer)*
SY Moodley (Chief Financial Officer)*
JA Finn (appointed 11 February 2025)
SS Mafoyane
OR Mosetlhi
EM Hendricks (retired 5 June 2025)
MA Moloto (retired 5 June 2025)
SJ Mojalefa (Head of Corporate Finance)* (resigned 5 June 2025 as director) 
NNN Radebe (Chief Operating Officer)* (resigned 5 June 2025 as director)
* Executive

Date: 18-09-2025 05:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/09/18]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Unaudited interim financial results for the six months ended 30 June 2025 and cash dividend declaration]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/09/18 17:05:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202509010056A-S507997]]></HeadlineID>
        <HeadlineText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2025/09/01]]></StoryDate>
        <StoryTime><![CDATA[14:10:06]]></StoryTime>
        <StoryText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities

SA CORPORATE REAL ESTATE LIMITED
Incorporated in the Republic of South Africa
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate")

NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES

In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Companies Act") and
paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that SA
Corporate has received formal notification in accordance with section 122(1) of the Companies Act, that
Catalyst Fund Managers SA (Pty) Ltd ("Catalyst") has acquired SA Corporate ordinary shares, such
that its entire beneficial interest now amounts to 5.01% of SA Corporate's issued ordinary share capital.

The board of directors of SA Corporate ("Board") accepts responsibility for the information contained in
this announcement and confirms that, to the best of their knowledge and belief, such information is true
and this announcement does not omit anything likely to affect the importance of such information. The
Board has relied on the accuracy of the information contained in the notification received from Catalyst
in making this statement.

As required in terms of section 122(3)(a) of the Companies Act, SA Corporate has filed the required
notice with the Takeover Regulation Panel.

1 September 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 01-09-2025 02:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/09/01]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Notification of an Acquisition of Beneficial Interest in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/09/01 14:10:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202506270021A-S506807]]></HeadlineID>
        <HeadlineText><![CDATA[Pre-close Investor Presentation]]></HeadlineText>
        <StoryDate><![CDATA[2025/06/27]]></StoryDate>
        <StoryTime><![CDATA[10:40:05]]></StoryTime>
        <StoryText><![CDATA[Pre-close Investor Presentation

SA CORPORATE REAL ESTATE LIMITED
Incorporated in the Republic of South Africa
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or the "Company")


PRE-CLOSE INVESTOR PRESENTATION

SA Corporate shareholders are advised that the Company has posted a pre-close investor
presentation for the six months ending 30 June 2025 on its website.

The presentation is available at: https://sacorporatefund.co.za/investor-relations/results-
center/other-publications


27 June 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 27-06-2025 10:40:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/06/27]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Pre-close Investor Presentation]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/06/27 10:40:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202506180030A-S506369]]></HeadlineID>
        <HeadlineText><![CDATA[Dealings in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2025/06/18]]></StoryDate>
        <StoryTime><![CDATA[15:00:06]]></StoryTime>
        <StoryText><![CDATA[Dealings in Securities

SA CORPORATE REAL ESTATE LIMITED
Incorporated in the Republic of South Africa
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate")


DEALINGS IN SECURITIES


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, SA Corporate
hereby announces the following transactions in securities by directors of SA Corporate, the Company
Secretary, and a director of a major subsidiary of SA Corporate:

 Name:                                            TR Mackey
 Designation:                                     Chief Executive Officer
 Class of securities:                             Ordinary shares

 Nature of transaction:                           Off market vesting of 98.3% of one-third of forfeitable
                                                  performance shares awarded in 2022, 98.3% vesting of
                                                  one-third of forfeitable performance shares awarded in
                                                  2023 and 98.3% vesting of one-third of forfeitable
                                                  performance shares aware in 2024 in terms of SA
                                                  Corporate's Forfeitable Share Plan ("FSP")
 Date of transaction:                             17 June 2025
 Number of forfeitable performance shares:        3 334 674
 Vesting price per forfeitable performance        R 3.0009
 share:
 Value of the transaction:                        R 10 007 023.21

 Nature of transaction:                           On market sale of ordinary shares to settle tax
                                                  obligations arising from the vesting of the above shares
 Date of transaction:                             17 June 2025
 Number of securities sold:                       1 500 603
 Price per security:                              R 3.1493
 Value of the transaction:                        R 4 725 849.03

 Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                  awards in terms of the FSP
 Date of transaction:                             17 June 2025
 Number of forfeitable performance shares         2 698 737
 awarded:
 Price per forfeitable performance share award:   R 3.0009
 Value of the transaction:                        R 8 098 639.86
 Vesting period:                                  Vesting date of 19 June 2028 subject to the fulfilment of
                                                  performance conditions

 Nature of interest:                              Direct beneficial
 Clearance to deal obtained:                      Yes

 Name:                                            SY Moodley
 Designation:                                     Chief Financial Officer
 Class of securities:                             Ordinary shares

 Nature of transaction:                           Off market vesting of 96.2% forfeitable performance
                                                  shares awarded in 2022 in terms of the FSP
 Date of transaction:                             17 June 2025
 Number of forfeitable performance shares:        1 566 132
 Vesting price per forfeitable performance        R 3.0009
 share:
 Value of the transaction:                        R 4 699 805.52

 Nature of transaction:                           On market sale of ordinary shares.
 Date of transaction:                             17 June 2025
 Number of securities sold:                       1 135 446
Price per security:                              R 3.1493
Value of the transaction:                        R 3 575 860.09

Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             17 June 2025
Number of forfeitable performance shares         1 355 575
awarded:
Price per forfeitable performance share award:   R 3.0009
Value of the transaction:                        R 4 067 945.02
Vesting period:                                  Vesting date of 19 June 2028 subject to the fulfilment of
                                                 performance conditions

Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes

Name:                                            J Grove
Designation:                                     Company Secretary
Class of securities:                             Ordinary shares

Nature of transaction:                           Off market vesting of 100% forfeitable performance
                                                 shares awarded in 2022 in terms of the FSP
Date of transaction:                             17 June 2025
Number of forfeitable performance shares:        354 713
Vesting price per forfeitable performance        R 3.0009
share:
Value of the transaction:                        R 1 064 458.24

Nature of transaction:                           On market sale of ordinary shares.
Date of transaction:                             17 June 2025
Number of securities sold:                       354 713
Price per security:                              R 3.1493
Value of the transaction:                        R 1 117 097.65

Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             17 June 2025
Number of forfeitable performance shares         295 235
awarded:
Price per forfeitable performance share award:   R 3.0009
Value of the transaction:                        R 885 970.71
Vesting period:                                  Vesting date of 19 June 2028 subject to the fulfilment of
                                                 performance conditions

Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes

Name:                                            K van den Heever
Designation:                                     Director of a major subsidiary, Afhco Holdings (Pty) Ltd
Class of securities:                             Ordinary shares

Nature of transaction:                           Off market vesting of 100% forfeitable performance
                                                 shares awarded in 2022 in terms of the FSP
Date of transaction:                             17 June 2025
Number of forfeitable performance shares:        915 389
Vesting price per forfeitable performance        R 3.0009
share:
Value of the transaction:                        R 2 746 990.85

Nature of transaction:                           On market sale of ordinary shares to settle tax
                                                 obligations arising from the vesting of the above shares
Date of transaction:                             17 June 2025
Number of securities sold:                       411 925
Price per security:                              R 3.1493
Value of the transaction:                        R 1 297 275.40
 Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                  awards in terms of the FSP
 Date of transaction:                             17 June 2025
 Number of forfeitable performance shares         866 682
 awarded:
 Price per forfeitable performance share award:   R 3.0009
 Value of the transaction:                        R 2 600 826.01
 Vesting period:                                  Vesting date of 19 June 2028 subject to the fulfilment of
                                                  performance conditions

 Nature of interest:                              Direct beneficial
 Clearance to deal obtained:                      Yes


18 June 2025
Johannesburg


Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 18-06-2025 03:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/06/18]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Dealings in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/06/18 15:00:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202506030034A-S505753]]></HeadlineID>
        <HeadlineText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2025/06/03]]></StoryDate>
        <StoryTime><![CDATA[14:47:06]]></StoryTime>
        <StoryText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Approved as a REIT by the JSE
Share Code: SAC
ISIN Code: ZAE000203238
("SA Corporate")


NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES


In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Companies Act")
and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised
that SA Corporate has received formal notification in accordance with section 122(1) of the
Companies Act, that Cervantes Investments (Pty) Ltd ("Cervantes") has acquired SA
Corporate ordinary shares, such that its entire beneficial interest now amounts to 15.01% of
SA Corporate's issued ordinary share capital.

The board of directors of SA Corporate ("Board") accepts responsibility for the information
contained in this announcement and confirms that, to the best of their knowledge and belief,
such information is true and this announcement does not omit anything likely to affect the
importance of such information. The Board has relied on the accuracy of the information
contained in the notification received from Cervantes in making this statement.

As required in terms of section 122(3)(a) of the Companies Act, SA Corporate has filed the
required notice with the Takeover Regulation Panel.

3 June 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 03-06-2025 02:47:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/06/03]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Notification of an Acquisition of Beneficial Interest in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/06/03 14:47:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202506020033A-S505577]]></HeadlineID>
        <HeadlineText><![CDATA[Dealings in Securities by the Company Secretary]]></HeadlineText>
        <StoryDate><![CDATA[2025/06/02]]></StoryDate>
        <StoryTime><![CDATA[10:15:06]]></StoryTime>
        <StoryText><![CDATA[Dealings in Securities by the Company Secretary

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Approved as a REIT by the JSE
Share Code: SAC
ISIN Code: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate")


DEALINGS IN SECURITIES BY THE COMPANY SECRETARY


In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, SA Corporate hereby
announces the following dealings in securities by the Company Secretary of SA Corporate:


 Name:                                           Jacqui Grove
 Designation:                                    Company Secretary
 Nature of interest:                             Direct beneficial
 Date of transaction:                            29 May 2025
 Class of securities:                            Ordinary shares
 Clearance to deal obtained:                     Yes

 Number of securities:                           30 531
 Price per share:                                R3.04
 Value of the transaction:                       R92 814.24
 Nature of transaction:                          On-market sale of ordinary shares

 Number of securities:                           85 730
 Price per share:                                R3.03
 Value of the transaction:                       R259 761.90
 Nature of transaction:                          On-market sale of ordinary shares


2 June 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 02-06-2025 10:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/06/02]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Dealings in Securities by the Company Secretary]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/06/02 10:15:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202505160069A-S504913]]></HeadlineID>
        <HeadlineText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2025/05/16]]></StoryDate>
        <StoryTime><![CDATA[17:15:06]]></StoryTime>
        <StoryText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Approved as a REIT by the JSE
Share Code: SAC
ISIN Code: ZAE000203238
("SA Corporate")


NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES


In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Companies Act")
and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised
that SA Corporate has received formal notification in accordance with section 122(1) of the
Companies Act, that Truffle Asset Management (Pty) Ltd ("Truffle") has acquired SA Corporate
ordinary shares, such that its entire beneficial interest now amounts to 5.05% of SA
Corporate's issued ordinary share capital.

The board of directors of SA Corporate ("Board") accepts responsibility for the information
contained in this announcement and confirms that, to the best of their knowledge and belief,
such information is true and this announcement does not omit anything likely to affect the
importance of such information. The Board has relied on the accuracy of the information
contained in the notification received from Truffle in making this statement.

As required in terms of section 122(3)(a) of the Companies Act, SA Corporate has filed the
required notice with the Takeover Regulation Panel.


16 May 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 16-05-2025 05:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/05/16]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Notification of an Acquisition of Beneficial Interest in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/05/16 17:15:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202504250053A-S504109]]></HeadlineID>
        <HeadlineText><![CDATA[Availability of SA Corporate’s Integrated Annual Report and Notice of Annual General Meeting]]></HeadlineText>
        <StoryDate><![CDATA[2025/04/25]]></StoryDate>
        <StoryTime><![CDATA[16:22:06]]></StoryTime>
        <StoryText><![CDATA[Availability of SA Corporate’s Integrated Annual Report and Notice of Annual General Meeting

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Approved as a REIT by the JSE
Share Code: SAC
ISIN Code: ZAE000203238
("SA Corporate" or the "Company")


AVAILABILITY OF SA CORPORATE'S INTEGRATED ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING


Integrated Annual Report

Further to the release of SA Corporate's audited consolidated financial results for the year
ended 31 December 2024 on SENS on 14 March 2025, shareholders are advised that the
Company's Integrated Annual Report ("IAR"), Environmental, Social and Governance ("ESG")
report, and the notice of annual general meeting, has been distributed today, 25 April 2025.

The IAR, ESG report, the audited annual financial statements, including the full auditor's
opinion, as well as the notice of annual general meeting are available on the Company's
website at www.sacorporatefund.co.za

Annual General Meeting

Notice is hereby given that the annual general meeting ("AGM") of SA Corporate will be held
at on Thursday, 5 June 2025 at 10h00, at GreenPark Corner, 16th Floor, corner Lower Road
and West Road South, Morningside, Sandton, to transact the business as stated in the notice
of AGM.

 The salient dates of the AGM are as follows: 2025

 Record date to be eligible to receive the notice of AGM                 Thursday, 17 April
 Last day to trade to be eligible to attend and vote at the AGM             Tuesday, 27 May
 Record date to be eligible to attend and vote at the AGM                    Friday, 30 May
 Proxies due (for administration purposes)                                  Tuesday, 3 June
 AGM at 10h00                                                              Thursday, 5 June
 Results of AGM to be released on SENS (on or about)                       Thursday, 5 June


Johannesburg
25 April 2025

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 25-04-2025 04:22:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/04/25]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Availability of SA Corporate’s Integrated Annual Report and Notice of Annual General Meeting]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/04/25 16:22:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202504160023A-S503734]]></HeadlineID>
        <HeadlineText><![CDATA[Notification of a Disposal of Beneficial Interest in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2025/04/16]]></StoryDate>
        <StoryTime><![CDATA[09:30:11]]></StoryTime>
        <StoryText><![CDATA[Notification of a Disposal of Beneficial Interest in Securities

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Approved as a REIT by the JSE
Share Code: SAC
ISIN Code: ZAE000203238
("SA Corporate")


NOTIFICATION OF A DISPOSAL OF BENEFICIAL INTEREST IN SECURITIES


In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Companies Act")
and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised
that SA Corporate has received formal notification in accordance with section 122(1) of the
Companies Act that Peresec Prime Brokers (Pty) Ltd ("Peresec") has disposed of SA
Corporate ordinary shares, such that its entire beneficial interest now amounts to 5.10% of SA
Corporate's issued ordinary share capital.

The board of directors of SA Corporate ("Board") accepts responsibility for the information
contained in this announcement and confirms that, to the best of their knowledge and belief,
such information is true and this announcement does not omit anything likely to affect the
importance of such information. The Board has relied on the accuracy of the information
contained in the notification received from Peresec in making this statement.

As required in terms of section 122(3)(a) of the Companies Act, SA Corporate has filed the
required notice with the Takeover Regulation Panel.

16 April 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 16-04-2025 09:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/04/16]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Notification of a Disposal of Beneficial Interest in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/04/16 09:30:11]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202504150032A-S503669]]></HeadlineID>
        <HeadlineText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2025/04/15]]></StoryDate>
        <StoryTime><![CDATA[12:00:06]]></StoryTime>
        <StoryText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Approved as a REIT by the JSE
Share Code: SAC
ISIN Code: ZAE000203238
("SA Corporate")


NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES

In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Companies Act")
and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised
that SA Corporate has received formal notification in accordance with section 122(1) of the
Companies Act, that Cervantes Investments (Pty) Ltd ("Cervantes") has acquired SA
Corporate ordinary shares, such that its entire beneficial interest now amounts to 12.86% of
SA Corporate's issued ordinary share capital.

The board of directors of SA Corporate ("Board") accepts responsibility for the information
contained in this announcement and confirms that, to the best of their knowledge and belief,
such information is true and this announcement does not omit anything likely to affect the
importance of such information. The Board has relied on the accuracy of the information
contained in the notification received from Cervantes in making this statement.

As required in terms of section 122(3)(a) of the Companies Act, SA Corporate has filed the
required notice with the Takeover Regulation Panel.

15 April 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 15-04-2025 12:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/04/15]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Notification of an Acquisition of Beneficial Interest in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/04/15 12:00:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202504040002A-S503173]]></HeadlineID>
        <HeadlineText><![CDATA[Broad-Based Black Economic Empowerment (B-BBEE) Annual Compliance Report and Latest B-BBEE Certificate]]></HeadlineText>
        <StoryDate><![CDATA[2025/04/04]]></StoryDate>
        <StoryTime><![CDATA[07:10:06]]></StoryTime>
        <StoryText><![CDATA[Broad-Based Black Economic Empowerment (B-BBEE) Annual Compliance Report and Latest B-BBEE Certificate

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Approved as a REIT by the JSE
Share Code: SAC
ISIN Code: ZAE000203238
(the "Company" or "the Group")


BROAD-BASED BLACK ECONOMIC EMPOWERMENT (B-BBEE) ANNUAL COMPLIANCE
REPORT AND LATEST B-BBEE CERTIFICATE


The Group is pleased to announce that it has retained its Level 1 B-BBEE contributor status following
the conclusion of its B-BBEE verification process for the 2024 financial year.

Shareholders are advised that in accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of
the Listings Requirements of the JSE Limited, the Company's 2024 annual compliance report in terms
of section 13G(2) of the Broad-Based Black Empowerment Amendment Act, 46 of 2013, has been
submitted to the B-BBEE Commission and the Company's latest compliance report and B-BBEE
certificate is available on the Company's website at: https://sacorporatefund.co.za/index.php/about-
us/transformation


4 April 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 04-04-2025 07:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/04/04]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Broad-Based Black Economic Empowerment (B-BBEE) Annual Compliance Report and Latest B-BBEE Certificate]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/04/04 07:10:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202504020035A-S503065]]></HeadlineID>
        <HeadlineText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2025/04/02]]></StoryDate>
        <StoryTime><![CDATA[13:34:05]]></StoryTime>
        <StoryText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Approved as a REIT by the JSE
Share Code: SAC
ISIN Code: ZAE000203238
("SA Corporate")


NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES


In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Companies Act")
and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised
that SA Corporate has received formal notification in accordance with section 122(1) of the
Companies Act, that Sesfikile Capital (Pty) Ltd ("Sesfikile") has acquired SA Corporate
ordinary shares, such that its entire beneficial interest now amounts to 6.48% of SA
Corporate's issued ordinary share capital.

The board of directors of SA Corporate ("Board") accepts responsibility for the information
contained in this announcement and confirms that, to the best of their knowledge and belief,
such information is true and this announcement does not omit anything likely to affect the
importance of such information. The Board has relied on the accuracy of the information
contained in the notification received from Sesfikile in making this statement.

As required in terms of section 122(3)(a) of the Companies Act, SA Corporate has filed the
required notice with the Takeover Regulation Panel.


2 April 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 02-04-2025 01:34:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/04/02]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Notification of an Acquisition of Beneficial Interest in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/04/02 13:34:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202503140002A-S502108]]></HeadlineID>
        <HeadlineText><![CDATA[Audited Summary Consolidated Financial Results for the year ended 31 December 2024 and Cash Dividend Declaration]]></HeadlineText>
        <StoryDate><![CDATA[2025/03/14]]></StoryDate>
        <StoryTime><![CDATA[07:05:15]]></StoryTime>
        <StoryText><![CDATA[Audited Summary Consolidated Financial Results for the year ended 31 December 2024 and Cash Dividend Declaration

SA Corporate Real Estate Limited  
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06) 
Approved as a REIT by the JSE 
Share code: SAC
ISIN code: ZAE000203238 
(SA Corporate or the Company)

AUDITED SUMMARY CONSOLIDATED FINANCIAL RESULTS
FOR THE YEAR ENDED 31 DECEMBER 2024 AND CASH DIVIDEND DECLARATION

Introduction
SA Corporate is a JSE-listed Real Estate Investment Trust (REIT) and together with its subsidiaries (the Group) owns a focused portfolio of quality industrial, retail and residential properties located primarily in the major metropolitan areas of South Africa with a secondary node in Zambia. As at 31 December 2024, the property portfolio consisted of 267 properties, with 1 691 797m2 of gross lettable area (GLA), valued at R18.0 billion in South Africa and exposure to direct and listed property valued at R1.9 billion in Zambia.

Overview
Distributable income
5.1% vs twelve months to 31 December 2023 (FY 2023)
R680.9 million or 27.08 cps (2023: R647.8 million or 25.76 cps)
Total net property income (NPI) of R1.5 billion (2023: R1.3 billion)
Total like-for-like NPI increased by 6.7% to R1.1 billion (2023: R1.0 billion)
Disposal pipeline contracted and still to transfer and divestments transferred since January 2024 of R908.6 million (Transferred to 31 December 2024: R154.9 million; Contracted not yet transferred: R753.7 million, of which R0.6 million has transferred after 31 December 2024)
Traditional portfolio vacancies of 1.5% of GLA (2023: 2.0%)
Afhco residential portfolio vacancies of 3.0% of total units (2023: 4.2%)
Indluplace residential portfolio vacancies of 5.1% (2023: 4.5%)
Total residential portfolio vacancies of 4.1% (2023: 4.4%)

Salient features
The salient features of the Group annual financial results for the year ended 31 December 2024, as compared to the year ended 31 December 2023, are set out below:
Revenue of R2 941.0 million (2023: R2 480.5 million)
Operating profit of R1 407.1 million (2023: R1 776.1 million)
Headline earnings per share of 26.12 cents (2023: 22.98 cents)
Basic earnings per share of 25.98 cents (2023: 48.54 cents)
Net asset value per share of 443 cents (2023: 439 cents)
Distribution declared of 24.37 cps at 90% payout ratio (2023: 23.18 cps at 90% payout ratio)

Distribution declaration and important dates
Notice is hereby given of the declaration of distribution number 19 in respect of the income distribution period 1 July 2024 to 31 December 2024. The distribution amounts to 12.25826 cps (December 2023: 11.79481 cps). The source of the distribution comprises net income from property rentals. Please refer to the Consolidated Statement of Comprehensive Income for further details. 2 514 732 095 of the Companys shares are in issue at the date of this distribution declaration and the Companys income tax reference number is 9179743191. 

Last date to trade cum distribution Monday, 14 April 2025
Shares will trade ex-distribution Tuesday, 15 April 2025
Record date to participate in the distribution Thursday, 17 April 2025
Payment of distribution Tuesday, 22 April 2025

Share certificates may not be dematerialised or rematerialised between Tuesday, 15 April 2025 and Thursday, 17 April 2025 (both days inclusive).
Tax implications
In accordance with the Companys REIT status, shareholders are advised that the distribution meets the requirements of a qualifying distribution for the purposes of section 25BB of the Income Tax Act, No 58 of 1962 (Income Tax Act). The distributions on the Companys shares will be deemed to be dividends, for South African tax purposes, in terms of section 25BB of the Income Tax Act. The distributions received by or accrued to South African tax residents must be included in the gross income of such shareholders and are not exempt from income tax (in terms of the exclusion to the general dividend exemption, contained in paragraph (aa) of section 10(1)(k)(i) of the Income Tax Act) because they are dividends distributed by a REIT, with the effect that the distribution is taxable in the hands of the shareholder.

These distributions are, however, exempt from dividend withholding tax in the hands of South African tax resident shareholders, provided that the South African resident shareholders have provided the following forms to their Central Securities Depository Participants (CSDP) or broker, as the case may be, in respect of uncertificated shares, or the transfer secretaries, in respect of certificated shares:

(a)	a declaration that the distribution is exempt from dividends tax; and
(b)	a written undertaking to inform the CSDP, broker or the transfer secretaries, as the case may be, should the circumstances affecting the exemption change or the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African Revenue Service.

The Companys shareholders are advised to contact the CSDP, broker or transfer secretaries, as the case may be, to arrange for the above-mentioned documents to be submitted prior to payment of the distribution, if such documents have not already been submitted.

Notice to non-resident shareholders
Distributions received by non-resident shareholders will not be taxable as income and instead will be treated as ordinary dividends which are exempt from income tax in terms of the general dividend exemption in section 10(1)(k)(i) of the Income Tax Act. Distributions received by a non-resident from a REIT are subject to dividend withholding tax at 20%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (DTA) between South Africa and the country of residence of the shareholder.

Assuming dividend withholding tax will be withheld at a rate of 20%, the net dividend amount due to non-resident shareholders is 9.80661 cents per SA Corporate share. A reduced dividend withholding rate, in terms of the applicable DTA, may only be relied on if the non-resident shareholder has provided the following forms to the CSDP or broker, as the case may be, in respect of uncertificated shares, or the transfer secretaries, in respect of certificated shares:

(a)	a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
(b)	a written undertaking to inform the CSDP, broker or the transfer secretaries, as the case may be, should the circumstances affecting the reduced rate change or the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African Revenue Service.
Non-resident shareholders are advised to contact the CSDP, broker or the transfer secretaries, as the case may be, to arrange for the above-mentioned documents to be submitted prior to payment of the distribution if such documents have not already been submitted, if applicable.

Short-form announcement
The Companys auditors, PricewaterhouseCoopers Inc. have issued an unqualified audit opinion on the Group audited annual financial statements for the year ended 31 December 2024. The contents of this short-form announcement are the responsibility of the board of directors of the Company. Shareholders are advised that this short-form announcement represents a brief summary of the information contained in the Group annual financial statements for the year ended 31 December 2024, which is available via the JSE cloud link on https://senspdf.jse.co.za/documents/2025/jse/isse/sace/ye2024.pdf
and on SA Corporates website https://www.sacorporatefund.co.za. Any investment decisions by investors and/or shareholders should be based on a consideration of the full announcement as a whole and shareholders are encouraged to review the full announcement as directed above. Furthermore, investors are advised that the audited summary consolidated financial statements, which have been audited by PwC who issued an unqualified opinion thereon, are available at https://www.sacorporatefund.co.za. Investors and/or shareholders may request copies of the full announcement by contacting the registered office, details of which are set out below.  

For a more comprehensive analysis of SA Corporates results and outlook, please refer to https://www.sacorporatefund.co.za/

Johannesburg
14 March 2025

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

DIRECTORATE AND STATUTORY INFORMATION
Registered office
GreenPark Corner
16th Floor
Corner Lower Road
and West Road South
Morningside
2196
Tel 010 020 2530

Registered auditors
PricewaterhouseCoopers Inc. 
5 Silo Square 
V&A Waterfront 
Cape Town
8002

Transfer secretaries
Computershare Investor Services (Pty) Ltd
Rosebank Towers
15 Biermann Avenue
Rosebank
2196

Sponsor
Nedbank Corporate 
and Investment Banking, a division of Nedbank Limited
135 Rivonia Road
Sandton
2196

Directors
MA Moloto (Chairman)
OR Mosetlhi (Lead Independent Director)
TR Mackey (Chief Executive Officer)*
SY Moodley (Chief Financial Officer)*
NNN Radebe (Chief Operating Officer)*
JA Finn (appointed 11 February 2025)
N Ford-Hoon(Fok)
EM Hendricks
GJ Heron
SS Mafoyane 
SJ Mojalefa* (appointed 25 April 2024)
GZN Khumalo (resigned 19 April 2024)
* Executive


Date: 14-03-2025 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/03/14]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Audited Summary Consolidated Financial Results for the year ended 31 December 2024 and Cash Dividend Declaration]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/03/14 07:05:15]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202502120027A-S500724]]></HeadlineID>
        <HeadlineText><![CDATA[Appointment of Independent Non-Executive Director]]></HeadlineText>
        <StoryDate><![CDATA[2025/02/12]]></StoryDate>
        <StoryTime><![CDATA[13:56:05]]></StoryTime>
        <StoryText><![CDATA[Appointment of Independent Non-Executive Director

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate")


APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Shareholders are advised in terms of paragraph 3.59 of the JSE Limited ("JSE") Listings Requirements
that Ms Janys Ann Finn has been appointed as independent non-executive director of the SA Corporate
Board (the "Board"), and as a member of its Audit and Risk Committee, with effect from 11 February
2025.

Ms Finn is a chartered accountant with 20 years' experience as a financial director in the listed property
sector and over 18 years' experience in the audit profession. Ms Finn was the Chief Financial Officer
(CFO) of Metboard Property Fund, Redefine Properties Limited and Rebosis Property Fund Limited.
She joined the Heriot group in 2014 and, in 2017, was instrumental in the listing of Heriot REIT Limited
(Heriot) on the AltX of the JSE. In 2022, Ms Finn stepped down as CFO of Heriot but remained on the
Heriot board as a non-executive director until her resignation from this board in September 2024.
Further, in July 2023, Ms Finn listed Thibault REIT Limited (Thibault) on the Cape Town Stock Exchange
and assumed the position of CFO until Thibault's merger with Heriot in June 2024.

The Board welcomes Ms Finn and looks forward to her contribution to SA Corporate.

12 February 2025
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 12-02-2025 01:56:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2025/02/12]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Appointment of Independent Non-Executive Director]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2025/02/12 13:56:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202412130028A-S498785]]></HeadlineID>
        <HeadlineText><![CDATA[Pre-Close Investor Presentation]]></HeadlineText>
        <StoryDate><![CDATA[2024/12/13]]></StoryDate>
        <StoryTime><![CDATA[10:54:06]]></StoryTime>
        <StoryText><![CDATA[Pre-Close Investor Presentation

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC     ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or the "Company")


PRE-CLOSE INVESTOR PRESENTATION


SA Corporate shareholders are advised that the Company has posted a pre-close investor
presentation for the year ending 31 December 2024 on its website.

The presentation is available at: https://sacorporatefund.co.za/index.php/investor-
relations/results-centre/presentations

13 December 2024
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 13-12-2024 10:54:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/12/13]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Pre-Close Investor Presentation]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/12/13 10:54:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202409120062A-S494530]]></HeadlineID>
        <HeadlineText><![CDATA[Unaudited Condensed Consolidated Interim Financial Results and Cash Dividend Declaration]]></HeadlineText>
        <StoryDate><![CDATA[2024/09/12]]></StoryDate>
        <StoryTime><![CDATA[17:10:06]]></StoryTime>
        <StoryText><![CDATA[Unaudited Condensed Consolidated Interim Financial Results and Cash Dividend Declaration

SA Corporate Real Estate Limited  
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06) Approved as a REIT by the JSE
Share code: SAC
ISIN code: ZAE000203238
("SA Corporate" or "the Company")


UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024 AND CASH DIVIDEND DECLARATION 


Introduction
SA Corporate is a JSE-listed Real Estate Investment Trust ("REIT") and together with all its subsidiaries ("the Group") owns a focused portfolio of quality industrial, retail and residential buildings located primarily in the major metropolitan areas of South Africa with a secondary node in Zambia. As at 30 June 2024, the property portfolio consisted of 270 properties, with 1 703 049m2 of gross lettable area ("GLA"), valued at R17.9 billion, a 50% joint venture ("JV") interest in three Zambian entities, including a minority shareholding in Zambia's only listed property company, with the Group's share of properties valued at R1.8 billion.

Overview
Interim distributable income R338.4 million or 13.46 cps
Up 6.3% vs six months to 30 June 2023 (2023 H1: R318.2 million or 12.65 cps)

Total net property income ("NPI") of R734.5 million (2023 H1: R592.6 million)

Total like-for-like NPI increased by 4.8% to R543.7 million (2023 H1: R518.7 million)

Disposal pipeline contracted and still to transfer, and divestments transferred since January 2024 to 30 June 2024 of R224.7 million

Contracted for sale subsequent to 30 June 2024 of R530.0 million

Loan to value ("LTV") ratio of 41.9%* (31 December 2023: 41.9%*) 
* Net debt LTV excluding derivatives, which if included, would be 41.7% (31 December 2023: 41.6%)

Traditional portfolio vacancies of 1.6% of GLA (31 December 2023: 2.0%)

Residential portfolio vacancies (% of total units) 
Afhco 3.4% (31 December 2023: 4.2%)
Indluplace 4.5% (31 December 2023: 4.5%)
Total 4.0% (31 December 2023: 4.4%)

Salient features
The salient features of the Group's unaudited condensed consolidated interim financial results for the six months ended 30 June 2024, as compared to the six months ended June 2023, are set out below:

Revenue of R1.5 billion (2023 H1: R1.1 billion)

Operating profit of R736.3 million (2023 H1: R567.6 million)

Headline earnings per share of 14.34 cents (2023 H1 restated: 14.42 cents)

Basic earnings per share of 16.33 cents (2023 H1 restated: 16.78 cents)

Net asset value per share of 443 cents (31 December 2023: 439 cents)

Distribution declared 12.11 cps at 90% payout ratio (2023 H1: 11.39 cps at 90% payout ratio)

Distribution declaration and important dates
Notice is hereby given of the declaration of distribution number 18 in respect of the income distribution period 1 January 2024 to 30 June 2024. The distribution amounts to 12.11103 cps (June 2023: 11.38911 cps). The source of the distribution comprises net income from property rentals. Please refer to the Unaudited Condensed Consolidated Interim Statement of Comprehensive Income for further details. 2 514 732 095 of the Company's shares are in issue at the date of this distribution declaration and the Company's income tax reference number is 9179743191. 

Last date to trade cum distribution                                 Tuesday, 15 October 2024
Shares will trade ex-distribution                                 Wednesday, 16 October 2024
Record date to participate in the distribution                       Friday, 18 October 2024
Payment of distribution                                              Monday, 21 October 2024

Share certificates may not be dematerialised or rematerialised between Wednesday, 16 October 2024 and Friday, 18 October 2024, both days inclusive.

Tax implications
In accordance with the Company's REIT status, shareholders are advised that the distribution meets the requirements of a "qualifying distribution" for the purposes of section 25BB of the Income Tax Act, No 58 of 1962 ("Income Tax Act"). The distributions on the Company's shares will be deemed to be dividends, for South African tax purposes, in terms of section 25BB of the Income Tax Act. The distributions received by or accrued to South African tax residents must be included in the gross income of such shareholders and are not exempt from income tax (in terms of the exclusion to the general dividend exemption, contained in paragraph (aa) of section 10(1)(k)(i) of the Income Tax Act) because they are dividends distributed by a REIT, with the effect that the distribution is taxable in the hands of the shareholder.

These distributions are, however, exempt from dividend withholding tax in the hands of South African tax resident shareholders, provided that the South African resident shareholders have provided the following forms to their Central Securities Depository Participants ("CSDP") or broker, as the case may be, in respect of uncertificated shares, or the transfer secretaries, in respect of certificated shares:

(a) a declaration that the distribution is exempt from dividends tax; and
(b) a written undertaking to inform the CSDP, broker or the transfer secretaries, as the case may be, should the circumstances affecting the exemption change or the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African Revenue Service.

The Company's shareholders are advised to contact the CSDP, broker or transfer secretaries, as the case may be, to arrange for the above-mentioned documents to be submitted prior to payment of the distribution, if such documents have not already been submitted.

Notice to non-resident shareholders
Distributions received by non-resident shareholders will not be taxable as income and instead will be treated as ordinary dividends which are exempt from income tax in terms of the general dividend exemption in section 10(1)(k)(i) of the Income Tax Act. Distributions received by a non-resident from a REIT are subject to dividend withholding tax at 20%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation ("DTA") between South Africa and the country of residence of the shareholder.

Assuming dividend withholding tax will be withheld at a rate of 20%, the net dividend amount due to non-resident shareholders is 9.68882 cents per SA Corporate share. A reduced dividend withholding rate, in terms of the applicable DTA, may only be relied on if the non-resident shareholder has provided the following forms to the CSDP or broker, as the case may be, in respect of uncertificated shares, or the transfer secretaries, in respect of certificated shares:

(a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
(b) a written undertaking to inform the CSDP, broker or the transfer secretaries, as the case may be, should the circumstances affecting the reduced rate change or the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African Revenue Service.

Non-resident shareholders are advised to contact the CSDP, broker or the transfer secretaries, as the case may be, to arrange for the above-mentioned documents to be submitted prior to payment of the distribution if such documents have not already been submitted, if applicable.

Short-form notice
The contents of this short-form announcement are the responsibility of the board of directors of the Company. Shareholders are advised that this short-form announcement represents a brief summary of the information contained in the unaudited condensed consolidated interim financial statements, available on the JSE cloud link below: 
https://senspdf.jse.co.za/documents/2024/jse/isse/SACE/Interim24.pdf 
and on SA Corporate's website https://www.sacorporatefund.co.za. Any investment decisions by investors and/or shareholders should be based on a consideration of the unaudited condensed consolidated interim financial statements as a whole and shareholders are encouraged to review the unaudited condensed consolidated interim financial statements as directed above.

For a more comprehensive analysis of SA Corporate's results and outlook, please refer to https://www.sacorporatefund.co.za/
Johannesburg
12 September 2024

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

DIRECTORATE AND STATUTORY INFORMATION

Registered office
GreenPark Corner, 16th Floor
Corner Lower Road and West Road South
Morningside
2196
Tel 010 020 2530

Registered auditors
PricewaterhouseCoopers Inc. 
5 Silo Square 
V&A Waterfront 
Cape Town
8002

Transfer secretaries
Computershare Investor Services Proprietary Ltd
Rosebank Towers
15 Biermann Avenue
Rosebank
2196

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
135 Rivonia Road
Sandton
2196

Directors
MA Moloto (Chairman)
OR Mosetlhi (Lead Independent Director)
TR Mackey (Chief Executive Officer)*
SY Moodley (Chief Financial Officer)*
N Ford-Hoon(Fok)
EM Hendricks
GJ Heron
SS Mafoyane
NNN Radebe (Chief Operating Officer)* 
GZN Khumalo (resigned 19 April 2024)
SJ Mojalefa* (appointed 25 April 2024)
* Executive

Date: 12-09-2024 05:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/09/12]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Unaudited Condensed Consolidated Interim Financial Results and Cash Dividend Declaration]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/09/12 17:10:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202406280043A-S491442]]></HeadlineID>
        <HeadlineText><![CDATA[Pre-Close Investor Presentation]]></HeadlineText>
        <StoryDate><![CDATA[2024/06/28]]></StoryDate>
        <StoryTime><![CDATA[12:10:10]]></StoryTime>
        <StoryText><![CDATA[Pre-Close Investor Presentation

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC     
ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or "the Company")


PRE-CLOSE INVESTOR PRESENTATION

SA Corporate shareholders are advised that the Company has posted a pre-close investor
presentation for the six months ending 30 June 2024 on its website.

The presentation is available at: https://www.sacorporatefund.co.za/index.php/investor-
relations/results-centre/presentations


28 June 2024
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 28-06-2024 12:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/06/28]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Pre-Close Investor Presentation]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/06/28 12:10:10]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202406190033A-S490972]]></HeadlineID>
        <HeadlineText><![CDATA[Dealings in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2024/06/19]]></StoryDate>
        <StoryTime><![CDATA[15:24:06]]></StoryTime>
        <StoryText><![CDATA[Dealings in Securities

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate")

DEALINGS IN SECURITIES

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, SA Corporate
hereby announces the following transactions in securities by directors of SA Corporate, the Company
Secretary, and a director of a major subsidiary of SA Corporate:


Name:                                            TR Mackey
Designation:                                     Chief Executive Officer
Class of securities:                             Ordinary shares

Nature of transaction:                           Off market vesting of 91.7% forfeitable performance
                                                 shares awarded in 2021, 91.7% vesting of two-thirds of
                                                 forfeitable performance shares awarded in 2022 and
                                                 91.7% vesting of one-third of forfeitable performance
                                                 shares aware in 2023 in terms of SA Corporate's
                                                 Forfeitable Share Plan ("FSP")
Date of transaction:                             18 June 2024
Number of forfeitable performance shares:        5 030 573
Vesting price per forfeitable performance        R2.5425
share:
Value of the transaction:                        R12 790 231.85

Nature of transaction:                           On market sale of ordinary shares to settle tax
                                                 obligations arising from the vesting of the above shares

Date of transaction:                             18 June 2024
Number of securities sold:                       2 263 758
Price per security:                              R2.5815
Value of the transaction:                        R5 843 891.28

Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares         3 010 686
awarded:
Price per forfeitable performance share award:   R2.5425
Value of the transaction:                        R7 654 669.16
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment of
                                                 performance conditions

 Nature of interest:                             Direct beneficial
 Clearance to deal obtained:                     Yes

Name:                                            SY Moodley
Designation:                                     Chief Financial Officer
Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Class of securities:                             Ordinary shares
Date of transaction:                             18 June 2024
Number of forfeitable performance shares         1 512 267
awarded:
Price per forfeitable performance share award:   R2.5425
Value of the transaction:                        R3 844 938.85
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment of
                                                 performance conditions
Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes

Name:                                            NNN Radebe
Designation:                                     Chief Operating Officer
Nature of interest:                              Direct beneficial
Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares         1 618 211
awarded:
Price per forfeitable performance share award:   R2.5425
Value of the transaction:                        R4 114 301.47
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment
                                                 performance conditions
Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes

Name:                                            SJ Mojalefa
Designation:                                     Executive director
Class of securities:                             Ordinary shares

Nature of transaction:                           Off market vesting of 91.4% forfeitable performance
                                                 shares awarded in 2021 in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares:        483 114
Vesting price per forfeitable performance        R2.5425
share:
Value of the transaction:                        R1 228 317.35

Nature of transaction:                           On market sale of ordinary shares
Date of transaction:                             18 June 2024
Number of securities sold:                       483 114
Price per security:                              R2.5815
Value of the transaction:                        R1 247 158.79

Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares         1 314 042
awarded:
Price per forfeitable performance share award:   R2.5425
Value of the transaction:                        R3 340 951.79
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment of
                                                 performance conditions

Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes

Name:                                            J Grove
Designation:                                     Company Secretary
Class of securities:                             Ordinary shares

Nature of transaction:                           Off market vesting of 93.3% forfeitable performance
                                                 shares awarded in 2021 in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares:        211 384
Vesting price per forfeitable performance        R2.5425
share:
Value of the transaction:                        R537 443.82

Nature of transaction:                           On market sale of ordinary shares to settle tax
                                                 obligations arising from the vesting of the above shares
Date of transaction:                             18 June 2024
Number of securities sold:                       95 123
Price per security:                              R2.5815
Value of the transaction:                        R245 560.02

Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares         329 361
awarded:
Price per forfeitable performance share award:   R2.5425
Value of the transaction:                        R837 400.34
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment of
                                                 performance conditions

Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes

Name:                                            K van den Heever
Designation:                                     Director of a major subsidiary, Afhco Holdings (Pty) Ltd
Class of securities:                             Ordinary shares

Nature of transaction:                           Off market vesting of 92.2% forfeitable performance
                                                 shares awarded in 2021 in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares:        273 477
Vesting price per forfeitable performance        R2.5425
share:
Value of the transaction:                        R695 315.27

Nature of transaction:                           On market sale of ordinary shares
Date of transaction:                             18 June 2024
Number of securities sold:                       273 477
Price per security:                              R2.5815
Value of the transaction:                        R705 980.88

Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance share          824 331
awards:
Price per forfeitable performance share:         R2.5425
Value of the transaction:                        R2 095 861.57
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment of
                                                 performance conditions

Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes


19 June 2024
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 19-06-2024 03:24:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/06/19]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Dealings in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/06/19 15:24:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202406060025A-S490489]]></HeadlineID>
        <HeadlineText><![CDATA[Results of Annual General Meeting]]></HeadlineText>
        <StoryDate><![CDATA[2024/06/06]]></StoryDate>
        <StoryTime><![CDATA[13:15:06]]></StoryTime>
        <StoryText><![CDATA[Results of Annual General Meeting

SA Corporate Real Estate Limited
Incorporated in the Republic of South Africa
Share Code: SAC ISIN Code: ZAE000203238
(Registration number 2015/015578/06)
(Approved as a REIT by the JSE)
("SA Corporate" or "the Company")

RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that the voting results for the annual general meeting ("AGM") of SA Corporate held on
Thursday, 6 June 2024 were as follows:

 Resolution                                               Number of      Percentage       For**   Against**   Abstained***
                                                       shares voted    of shares in                                 
                                                                             issue*

 Ordinary resolution number 1:                        1 747 862 292          69,50%      92,35%      7,65%           0.00%
 Re-election of Ms EM Hendricks as an
 independent non-executive director of the
 Company
 Ordinary resolution number 2:                        1 747 899 280          69,51%     100,00%      0,00%           0.00%
 Re-election of Mr GJ Heron as an independent
 non-executive director of the Company
 Ordinary resolution number 3:                        1 747 862 292          69,50%      92,35%      7,65%           0.00%
 Re-election of Mr MA Moloto as an independent
 non-executive director of the Company
 Ordinary resolution number 4:                        1 669 208 667          66,38%      99,99%      0,01%           3,13%
 Election of Mr SJ Mojalefa as an executive director
 of the Company
 Ordinary resolution number 5.1:                      1 747 899 280          69,51%     100,00%      0,00%           0,00%
 Election of Ms N Ford-Hoon(Fok) as a member of
 the Audit and Risk Committee
 Ordinary resolution number 5.2:                      1 747 899 280          69,51%     100,00%      0,00%           0,00%
 Election of Mr GJ Heron as a member of the Audit
 and Risk Committee
 Ordinary resolution number 5.3:                      1 747 899 280          69,51%      90,83%      9,17%           0,00%
 Election of Ms SS Mafoyane as a member of the
 Audit and Risk Committee
 Ordinary resolution number 6:                        1 747 899 280          69,51%     100,00%      0,00%           0,00%
 Re-appointment of PwC as independent external
 auditor
 Ordinary resolution number 7:                        1 666 296 943          66,26%      88,30%     11,70%           3,25%
 Non-binding advisory vote - Endorsement of
 remuneration policy of the Company
 Ordinary resolution number 8:                        1 670 950 303          66,45%      88,33%     11,67%           3,06%
 Non-binding advisory vote - Endorsement of the
 implementation of the remuneration policy of the
 Company
 Ordinary resolution number 9:                        1 743 058 437          69,31%      99,49%      0,51%           0,20%
 To place the unissued authorised ordinary shares
 under the control of the directors
 Ordinary resolution number 10:                       1 747 899 280          69,51%     100,00%      0,00%           0,00%
 Specific authority to issue shares to afford
 shareholders distribution reinvestment
 alternatives                                                                        
 Ordinary resolution number 11:                       1 747 711 797          69,50%      99,63%      0,37%           0,01%
 General but restricted authority to issue shares
 for cash
 Ordinary resolution number 12:                       1 747 899 280          69,51%     100,00%      0,00%           0,00%
 Authorisation of directors and/or the company
 secretary
 Special resolution number 1:                         1 747 899 280          69,51%      99,85%      0,15%           0,00%
 Authorisation to provide financial assistance to
 related or inter-related parties
 Special resolution number 2:                         1 747 899 280          69,51%      98,03%      1,97%           0,00%
 Authorisation to provide financial assistance for
 the subscription and/or purchase of securities in a
 related or inter-related company of SA Corporate
 Special resolution number 3:                         1 670 987 291          66,45%      97,06%      2,94%           3,06%
 Approval of non-executive directors' fees
 Special resolution number 4:                         1 747 003 173          69,47%     100,00%      0,00%           0,04%
 Authority to issue shares to directors who elect to
 reinvest their distributions under the
 reinvestment option
 Special resolution number 5:                         1 747 899 280          69,51%      99,55%      0,45%           0,00%
 General authority to repurchase shares

*       Based on 2 514 732 095 shares in issue at the date of the AGM.
**      In relation to the total number of shares voted at the AGM.
***     In relation to the total number of shares in issue at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of SA Corporate shareholders
present in person or represented by proxy at the AGM.

Johannesburg
6 June 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 06-06-2024 01:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/06/06]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Results of Annual General Meeting]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/06/06 13:15:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202405300060A-S490129]]></HeadlineID>
        <HeadlineText><![CDATA[Changes to Board Committees]]></HeadlineText>
        <StoryDate><![CDATA[2024/05/30]]></StoryDate>
        <StoryTime><![CDATA[14:23:05]]></StoryTime>
        <StoryText><![CDATA[Changes to Board Committees

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate")


CHANGES TO BOARD COMMITTEES


In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board
of directors of SA Corporate ('the Board') hereby notifies its shareholders of the following
Board Committee changes, with immediate effect:

•   Ms EM Hendricks has retired from the Nomination Committee ("NomCo")
•   Mr MA Moloto has retired from the NomCo;
•   Mr GJ Heron has been appointed as a member of the NomCo;
•   Ms N Ford-Hoon(Fok) has been appointed as a member of the NomCo; and
•   Ms SS Mafoyane has been appointed as a member of the Remuneration Committee
    ("RemCo")

Following these changes, the NomCo and RemCo comprise the following members:

NomCo:

Adv OR Mosetlhi (Chairman)
Ms N Ford-Hoon(Fok)
Mr GJ Heron

RemCo:

Adv OR Mosetlhi (Chairman)
Mr MA Moloto
Ms SS Mafoyane


30 May 2024
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 30-05-2024 02:23:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/05/30]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Changes to Board Committees]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/05/30 14:23:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202405160037A-S489532]]></HeadlineID>
        <HeadlineText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2024/05/16]]></StoryDate>
        <StoryTime><![CDATA[13:31:05]]></StoryTime>
        <StoryText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or "the Company")


NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES


In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Companies Act")
and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised
that SA Corporate has received formal notification in accordance with section 122(1) of the
Companies Act, that Peresec Prime Brokers (Pty) Ltd ("Peresec") has acquired SA Corporate
ordinary shares, such that its entire beneficial interest now amounts to 11.82% of SA
Corporate's issued ordinary share capital.

The board of directors of SA Corporate ("Board") accepts responsibility for the information
contained in this announcement and confirms that, to the best of their knowledge and belief,
such information is true and this announcement does not omit anything likely to affect the
importance of such information. The Board has relied on the accuracy of the information
contained in the notification received from Peresec in making this statement.

As required in terms of section 122(3)(a) of the Companies Act, SA Corporate has filed the
required notice with the Takeover Regulation Panel.


16 May 2024
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 16-05-2024 01:31:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/05/16]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Notification of an Acquisition of Beneficial Interest in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/05/16 13:31:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202404250037A-S488598]]></HeadlineID>
        <HeadlineText><![CDATA[Availability of SA Corporate’s Integrated Annual Report and Notice of Annual General Meeting]]></HeadlineText>
        <StoryDate><![CDATA[2024/04/25]]></StoryDate>
        <StoryTime><![CDATA[13:05:05]]></StoryTime>
        <StoryText><![CDATA[Availability of SA Corporate’s Integrated Annual Report and Notice of Annual General Meeting

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or the "Company")


AVAILABILITY OF SA CORPORATE'S INTEGRATED ANNUAL REPORT AND NOTICE OF
ANNUAL GENERAL MEETING


Integrated Annual Report

Further to the release of SA Corporate's audited consolidated financial results for the year ended
31 December 2023 on SENS on 27 March 2024, shareholders are advised that the Company's
Integrated Annual Report ("IAR"), Environmental, Social and Governance ("ESG") report, and the
notice of annual general meeting, has been distributed today, 25 April 2024.

The IAR, ESG report, the audited annual financial statements, including the full auditor's opinion,
as well as the notice of annual general meeting are available on the Company's website at
www.sacorporatefund.co.za

Annual General Meeting

Notice is hereby given that the annual general meeting ("AGM") of SA Corporate will be held at on
Thursday, 6 June 2024 at 10h00, at GreenPark Corner, 16th Floor, corner Lower Road and West
Road South, Morningside, Sandton, to transact the business as stated in the notice of AGM.

The salient dates of the AGM are as follows:

                                                                                                 2024

 Record date to be eligible to receive the notice of AGM                             Friday, 19 April

 Last day to trade to be eligible to attend and vote at the AGM                        Monday, 27 May

 Record date to be eligible to attend and vote at the AGM                              Friday, 31 May

 Forms of proxy due by 10h00 (for administrative purposes)                            Tuesday, 4 June

 AGM at 10h00                                                                        Thursday, 6 June

 Results of AGM to be released on SENS (on or about)                                 Thursday, 6 June


Johannesburg
25 April 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 25-04-2024 01:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/04/25]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Availability of SA Corporate’s Integrated Annual Report and Notice of Annual General Meeting]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/04/25 13:05:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202404250036A-S488653]]></HeadlineID>
        <HeadlineText><![CDATA[Appointment of an Executive Director]]></HeadlineText>
        <StoryDate><![CDATA[2024/04/25]]></StoryDate>
        <StoryTime><![CDATA[13:04:05]]></StoryTime>
        <StoryText><![CDATA[Appointment of an Executive Director

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or the "SA Corporate Group")


APPOINTMENT OF AN EXECUTIVE DIRECTOR


In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the
board of directors of SA Corporate is pleased to announce the appointment of
Samson Joel Mojalefa, CA(SA) ("Samson") as an Executive Director of SA
Corporate, with effect from 25 April 2024.

Samson has served the SA Corporate Group as a member of its executive
management in the capacity of Head of Corporate Finance since June 2020.
Samson is an accomplished financial executive with over 18 years' post-article
experience and knowledge that is transferable over a number of faculties including
corporate finance, financial management, strategy execution, private equity and
investor relations. In the last four years he has made a substantial contribution to
the performance of the business and implementing strategically important
transactions.

Commenting on the appointment, SA Corporate's Chairman Arthur Moloto said:
"We are confident that Samson's skills and experience will further enable and
support the successful execution of the SA Corporate Group's strategy and in
particular the achievement of shareholder value through long-term sustainable
distribution growth."


Johannesburg
25 April 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 25-04-2024 01:04:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/04/25]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Appointment of an Executive Director]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/04/25 13:04:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202404190029A-S488423]]></HeadlineID>
        <HeadlineText><![CDATA[Resignation of Independent Non-Executive Director]]></HeadlineText>
        <StoryDate><![CDATA[2024/04/19]]></StoryDate>
        <StoryTime><![CDATA[14:39:05]]></StoryTime>
        <StoryText><![CDATA[Resignation of Independent Non-Executive Director

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or the "Company")


RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR


In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the
board of directors of SA Corporate ("the Board") wishes to advise that Ms Gloria
Zandile Ningi Khumalo ("Ningi"), has resigned as an independent non-executive
director from the Board, and as member of the Audit and Risk Committee and the
Remuneration Committee, all with effect from 19 April 2024. Ningi's resignation is
due to her assuming an executive role with a manufacturer, importer and exporter
of motor vehicles and components.

The Board would like to extend its appreciation to Ningi for her valuable
contribution to the Company and wishes her well in her future endeavours.

The Board has commenced a process of identifying a suitable replacement and
shareholders will be advised accordingly, in due course.


Johannesburg
19 April 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 19-04-2024 02:39:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/04/19]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Resignation of Independent Non-Executive Director]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/04/19 14:39:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202404100022A-S488026]]></HeadlineID>
        <HeadlineText><![CDATA[Broad-Based Black Economic Empowerment (B-BBEE) Annual Compliance Report and Latest B-BBEE Certificate]]></HeadlineText>
        <StoryDate><![CDATA[2024/04/10]]></StoryDate>
        <StoryTime><![CDATA[15:45:05]]></StoryTime>
        <StoryText><![CDATA[Broad-Based Black Economic Empowerment (B-BBEE) Annual Compliance Report and Latest B-BBEE Certificate

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share Code: SAC ISIN Code: ZAE000203238
("SA Corporate" or "the Company" or "the Group")
REIT status approved


BROAD-BASED BLACK ECONOMIC EMPOWERMENT (B-BBEE) ANNUAL
COMPLIANCE REPORT AND LATEST B-BBEE CERTIFICATE


The Group is pleased to announce that it has retained its Level 1 B-BBEE
contributor status following the conclusion of its B-BBEE verification process for
the 2023 financial year.

Shareholders are advised that in accordance with paragraph 16.21(g) and
Appendix 1 to Section 11 of the Listings Requirements of the JSE Limited, the
Company's 2023 annual compliance report in terms of section 13G(2) of the
Broad-Based Black Empowerment Amendment Act, 46 of 2013, has been
submitted to the B-BBEE Commission and the Company's latest compliance report
and B-BBEE certificate is available on the Company's website at:
https://www.sacorporatefund.co.za/index.php/about-us/transformation


10 April 2024
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 10-04-2024 03:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/04/10]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Broad-Based Black Economic Empowerment (B-BBEE) Annual Compliance Report and Latest B-BBEE Certificate]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/04/10 15:45:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202403270086A-S487561]]></HeadlineID>
        <HeadlineText><![CDATA[Audited Summary Consolidated Financial Results for the year ended 31 December 2023 and Cash Dividend Declaration]]></HeadlineText>
        <StoryDate><![CDATA[2024/03/27]]></StoryDate>
        <StoryTime><![CDATA[17:10:05]]></StoryTime>
        <StoryText><![CDATA[Audited Summary Consolidated Financial Results for the year ended 31 December 2023 and Cash Dividend Declaration

SA CORPORATE REAL ESTATE
SA Corporate Real Estate Limited (SA Corporate or the Company) (Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06) Approved as a REIT by the JSE Share code: SAC
ISIN code: ZAE000203238


AUDITED SUMMARY CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 AND CASH DIVIDEND DECLARATION


Introduction
SA Corporate is a JSE-listed Real Estate Investment Trust (REIT) and together with all its subsidiaries (the Group) owns a focused portfolio of quality industrial, retail and residential buildings located primarily in the major metropolitan areas of South Africa with a secondary node in Zambia. As at 31 December 2023, the property portfolio consisted of 267 properties, with 1 709 651 m2 of gross lettable area (GLA), valued at R17.7 billion, as well as a 50% joint venture interest in three Zambian entities, including a minority shareholding in Zambia's only listed property company, valued at R1.8 billion.

Overview
Distributable income
Up 5.5% vs six months to 31 December 2022 (H2 2022)
Down 4.0% vs twelve months to 31 December 2022 (FY 2022)R647.8 million or 25.76 cps (2022: R674.8 million or 26.83 cps)
Total net property income (NPI) of R1.3 billion (2022: R1.2 billion)
Total like-for-like NPI increased by  4.6% to R1.01 billion (2022: R0.96 billion)
Disposal pipeline contracted and still to transfer and divestments transferred since January 2023 of R1.4 billion (Transferred to 31 December 2023: R1 013.8 million; Contracted not yet transferred: R192.2 million, of which R13.2 million has transferred after 31 December 2023, and under offer: R225.3 million)
Traditional portfolio vacancies of 2.0% of GLA (2022: 2.3%)
Afhco residential portfolio vacancies of 4.2% of total units (2022: 2.9%)
Indluplace residential portfolio vacancies of 4.5% (at 30 September 2022, Indluplace's last year-end reported, 8.5%)
Total residential portfolio vacancies of 4.4% 

Salient features
The salient features of the Group annual financial results for the year ended 31 December 2023, as compared to the year ended 31 December 2022, are set out below:
Revenue of R2 480.5 million (2022: R2 042.5 million)
Operating profit of R1 776.1 million (2022: R1 037.9 million)
Headline earnings per share of 22.98 cents (2022 restated: 30.96 cents)
Basic earnings per share of 48.54 cents (2022 restated: 32.91 cents)
Net asset value per share of 439 cents (2022: 410 cents)
Distribution declared of 23.18 cps at 90% payout ratio (2022: 24.15 cps at 90% payout ratio)

Distribution declaration and important dates
Notice is hereby given of the declaration of distribution number 17 in respect of the income distribution period 1 July 2023 to 31 December 2023. The distribution amounts to 11.79481 cps (December 2022: 11.17938 cps). The source of the distribution comprises net income from property rentals. Please refer to the Consolidated Statement of Comprehensive Income for further details. 2 514 732 095 of the Company's shares are in issue at the date of this distribution declaration and the Company's income tax reference number is 9179743191.

Last date to trade cum distribution Tuesday, Tuesday, 16 April 2024
Shares will trade ex-distribution Wednesday, Wednesday, 17 April 2024
Record date to participate in the distribution Friday, 19 April 2024
Payment of distribution Monday, 22 April 2024

Share certificates may not be dematerialised or rematerialised between Wednesday, 17 April 2024 and Friday, 19 April 2024, both days inclusive.

Tax implications
In accordance with the Company's REIT status, shareholders are advised that the distribution meets the requirements of a qualifying distribution for the purposes of section 25BB of the Income Tax Act, No 58 of 1962 (Income Tax Act). The distributions on the Company's shares will be deemed to be dividends, for South African tax purposes, in terms of section 25BB of the Income Tax Act. The distributions received by or accrued to South African tax residents must be included in the gross income of such shareholders and are not exempt from income tax (in terms of the exclusion to the general dividend exemption, contained in paragraph (aa) of section 10(1)(k)(i) of the Income Tax Act) because they are dividends distributed by a REIT, with the effect that the distribution is taxable in the hands of the shareholder.

These distributions are, however, exempt from dividend withholding tax in the hands of South African tax resident shareholders, provided that the South African resident shareholders have provided the following forms to their Central Securities Depository Participants (CSDP) or broker, as the case may be, in respect of uncertificated shares, or the transfer secretaries, in respect of certificated shares:
(a) a declaration that the distribution is exempt from dividends tax; and
(b) a written undertaking to inform the CSDP, broker or the transfer secretaries, as the case may be, should the circumstances affecting the exemption change or the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African Revenue Service.

The Company's shareholders are advised to contact the CSDP, broker or transfer secretaries, as the case may be, to arrange for the above-mentioned documents to be submitted prior to payment of the distribution, if such documents have not already been submitted.

Notice to non-resident shareholders
Distributions received by non-resident shareholders will not be taxable as income and instead will be treated as ordinary dividends which are exempt from income tax in terms of the general dividend exemption in section 10(1)(k)(i) of the Income Tax Act. Distributions received by a non-resident from a REIT are subject to dividend withholding tax at 20%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (DTA) between South Africa and the country of residence of the shareholder.

Assuming dividend withholding tax will be withheld at a rate of 20%, the net dividend amount due to non-resident shareholders is 9.43585 cents per SA Corporate share. A reduced dividend withholding rate, in terms of the applicable DTA, may only be relied on if the non-resident shareholder has provided the following forms to the CSDP or broker, as the case may be, in respect of uncertificated shares, or the transfer secretaries, in respect of certificated shares:
(a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
(b) a written undertaking to inform the CSDP, broker or the transfer secretaries, as the case may be, should the circumstances affecting the reduced rate change or the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African Revenue Service.

Non-resident shareholders are advised to contact the CSDP, broker or the transfer secretaries, as the case may be, to arrange for the above-mentioned documents to be submitted prior to payment of the distribution if such documents have not already been submitted, if applicable.

Short-form announcement
The Company's auditors, PricewaterhouseCoopers Inc. have issued an unqualified audit opinion on the Group audited annual financial statements for the year ended 31 December 2023. The contents of this short-form announcement are the responsibility of the board of directors of the Company. Shareholders are advised that this short-form announcement represents a brief summary of the information contained in the Group annual financial statements for the year ended 31 December 2023, which is available on https://senspdf.jse.co.za/documents/2024/jse/isse/SACE/ye2023.pdf, and on SA Corporate's website https://www.sacorporatefund.co.za. Any investment decisions by investors and/or shareholders should be based on a consideration of the full announcement as a whole and shareholders are encouraged to review the full announcement as directed above. Furthermore, investors are advised that the audited summary consolidated financial statements, which have been audited by PwC who issued an unqualified opinion thereon, are available at https://www.sacorporatefund.co.za. Investors and/or shareholders may request copies of the full announcement by contacting the registered office, details of which are set out below.

For a more comprehensive analysis of SA Corporate's results and outlook, please refer to https://www.sacorporatefund.co.za/

Johannesburg
27 March 2024
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

DIRECTORATE AND STATUTORY INFORMATION

Registered office
GreenPark Corner
16th Floor
Corner Lower Road
and West Road South
Morningside
2196
Tel 010 020 2530

Registered auditors
PricewaterhouseCoopers Inc. 
5 Silo Square 
V&A Waterfront 
Cape Town
8002

Transfer secretaries
Computershare Investor Services Proprietary Ltd
Rosebank Towers
15 Biermann Avenue
Rosebank
2196

Sponsor
Nedbank Corporate 
and Investment Banking, a division of Nedbank Limited
135 Rivonia Road
Sandton
2196

Directors
MA Moloto (Chairman)
OR Mosetlhi (Lead Independent Director)
TR Mackey (Chief Executive Officer)*
SY Moodley (Chief Financial Officer)*
N Ford-Hoon(Fok)
EM Hendricks
GJ Heron
SS Mafoyane
NNN Radebe (Chief Operating Officer)* (appointed 1 February 2023)
GZN Khumalo(appointed 1 February 2023)
* Executive

Date: 27-03-2024 05:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/03/27]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Audited Summary Consolidated Financial Results for the year ended 31 December 2023 and Cash Dividend Declaration]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/03/27 17:10:05]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202403200050A-S487259]]></HeadlineID>
        <HeadlineText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2024/03/20]]></StoryDate>
        <StoryTime><![CDATA[15:55:06]]></StoryTime>
        <StoryText><![CDATA[Notification of an Acquisition of Beneficial Interest in Securities

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or "the Company")


NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES


In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Companies Act")
and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised
that SA Corporate has received formal notification in accordance with section 122(1) of the
Companies Act, that Peresec Prime Brokers (Pty) Ltd ("Peresec") has acquired SA Corporate
ordinary shares, such that its entire beneficial interest now amounts to 5.41% of SA
Corporate's issued ordinary share capital.

The board of directors of SA Corporate ("Board") accepts responsibility for the information
contained in this announcement and confirms that, to the best of their knowledge and belief,
such information is true and this announcement does not omit anything likely to affect the
importance of such information. The Board has relied on the accuracy of the information
contained in the notification received from Peresec in making this statement.

As required in terms of section 122(3)(a) of the Companies Act, SA Corporate has filed the
required notice with the Takeover Regulation Panel.


20 March 2024
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 20-03-2024 03:55:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/03/20]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Notification of an Acquisition of Beneficial Interest in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/03/20 15:55:06]]></StoryDateTime>
    </record><record>
        <Ticker><![CDATA[SAC]]></Ticker>
        <HeadlineID><![CDATA[202403180028A-S487073]]></HeadlineID>
        <HeadlineText><![CDATA[Notification of a Disposal of Beneficial Interest in Securities]]></HeadlineText>
        <StoryDate><![CDATA[2024/03/18]]></StoryDate>
        <StoryTime><![CDATA[10:02:05]]></StoryTime>
        <StoryText><![CDATA[Notification of a Disposal of Beneficial Interest in Securities

SA CORPORATE REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate" or "the Company")


NOTIFICATION OF A DISPOSAL OF BENEFICIAL INTEREST IN SECURITIES


In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Companies Act") and
paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that SA
Corporate has received formal notification in accordance with section 122(1) of the Companies Act that
Investec Limited ("Investec") has disposed of SA Corporate ordinary shares, such that its entire
beneficial interest now amounts to 0.3049% of SA Corporate's issued ordinary share capital.

The board of directors of SA Corporate ("Board") accepts responsibility for the information contained in
this announcement and confirms that, to the best of their knowledge and belief, such information is true
and this announcement does not omit anything likely to affect the importance of such information. The
Board has relied on the accuracy of the information contained in the notification received from Investec
in making this statement.

As required in terms of section 122(3)(a) of the Companies Act, SA Corporate has filed the required
notice with the Takeover Regulation Panel.


18 March 2024
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 18-03-2024 10:02:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.]]></StoryText>
        <Source><![CDATA[Johannesburg Stock Exchange - SENS NEWS DELAYED]]></Source>
        <HeadlineDate><![CDATA[2024/03/18]]></HeadlineDate>
        <CombinedHeadline><![CDATA[SAC - SA Corp Real Estate Ltd - Notification of a Disposal of Beneficial Interest in Securities]]></CombinedHeadline>
        <StoryDateTime><![CDATA[2024/03/18 10:02:05]]></StoryDateTime>
    </record>
</data>