New Financial Instrument Listing – BTNC10

Burstone Group Limited
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
(Registration Number 2008/011366/06)
("Burstone")

New Financial Instrument Listing – BTNC10

The JSE Limited has granted a listing to Burstone on the Interest Rate Market with effect from 30 September
2025.

Debt security code                         BTNC10
Nominal Issued                             R519,000,000
Issue Price                                100%
Coupon                                     3-month JIBAR plus Margin
Margin                                     52 bps
Coupon Rate Indicator                      Floating
Issue Date                                 30 September 2025
Interest Commencement Date                 30 September 2025
Interest Rate Determination Date           Issue Date
First Interest Payment Date                30 January 2026
Final Maturity Date/ Redemption Date       30 January 2026
Interest Payment Date(s)                   30 January 2026 being the Redemption Date
Interest Period                            Each period commencing on (and including) an Interest Payment
                                           Date and ending on (but excluding) the following Interest Payment
                                           Date, provided that the first Interest Period will commence on (and
                                           include) the Interest Commencement Date and end on (but
                                           exclude) 30 January 2026 (each Interest Payment Date as
                                           adjusted in accordance with the Applicable Business Day
                                           Convention)
Last Day to Register                       19 January 2026 or if such day is not a Business Day, the Business
                                           Day immediately preceding the Books Closed Period
Books Closed Period                        The Register will be closed from 20 January 2026 to 30 January
                                           2026, being the Redemption Date (including the first day but
                                           excluding the last day of the period)
ISIN No.                                   ZAG000219460
Additional Information                     Senior Unsecured
Total Notes in issue under Programme       R2 954 000 000 Notes in issue after this issuance


The Pricing Supplement contains financial covenants applicable in respect of the BTNC10 Notes. Investors
should study the Applicable Pricing Supplement for full details of the terms and conditions applicable to these
Notes.


26 September 2025


Johannesburg
Debt Sponsor
Investec Bank Limited

Date: 26-09-2025 04:31:00
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