Slides
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PRE-CLOSE PRESENTATION for the year ending 30 September 2026 2026
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Manguzi Shopping Centre Agenda RETAIL PORTFOLIO OFFICE PORTFOLIO OPERATIONAL UPDATE FAIRVEST PORTFOLIO INDUSTRIAL PORTFOLIO FINANCIAL UPDATE Q&A 1 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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Masingita Shopping Centre DARREN WILDER CEO OPERATIONAL UPDATE TO AUGUST 2026
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Bara Precinct Fairvest at a glance at 31 August 2026 132 assets (Mar ‘26: 130) Diverse portfolio of R14.2 billion (Mar ‘26: R13.5 billion) 1 088 497m² of GLA (Mar ‘26: 1 055 197m²) Investments 20.1% in Dipula (Mar ‘26: 23.6%) Market cap R15.8 billion (Mar ‘26: R13.8 billion) Vacancy remained at 5.1% (Mar ‘26: 5.1%) 3 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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Boxer Centre Tabankulu Highlights to August 2026 Distribution per B share for the year is expected to increase at the upper end of the guidance range of 11% to 13% R900 million capital raised through an accelerated book build during April 2026 Average gross rental per m² R142.96 (Mar ‘26: R137.35) National scale long-term credit rating of zaAAA assigned by S&P Global Ratings Township Fibre Infrastructure Investment increased to R1.2 billion. Approximately 15% return on capital invested Tenant retention 84.3% (Mar ‘26: 83.8%) Retail revenue 71.4% (Mar ‘26: 70.4%) 4 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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Jozini Mall Acquisitions Property name Location Sector GLA (m²) Purchase price* (R’000) Yield Anchor tenants Transfer date Jozini Mall Jozini, KwaZulu-Natal Retail 19 188 415 713 10.17% Shoprite 10 July 2026 Tugela Ferry Mall Tugela Ferry, KwaZulu-Natal Retail 14 853 286 305 10.17% Shoprite 10 July 2026 34 041 702 018 10.17% * Escalated purchase price, transfer of assets registered on 10 July 2026. Disposals Property name Location Sector GLA (m²) Sales value (R’000) Transfer date Voortrekker Xchange Goodwood, Western Cape Office 7 143 65 000 21 January 2026 Acquisitions and disposals 5 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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South View Shopping Centre FAIRVEST PORTFOLIO DARREN WILDER CEO
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6 4 12 10 19 15 5 259 WHERE WE ARE Group operational highlights Sector breakdown based on revenue Positive rental reversion 5.6% (Mar ‘26: 5.7%) Vacancy 5.1% (Mar ‘26: 5.1%) Tenant retention 84.3% (Mar ‘26: 83.8%) Weighted average built-in escalation 6.7% (Mar ‘26: 6.7%) Average gross rental per m2 R142.96 (Mar ‘26: R137.35) WALE 29.0 months (Mar ‘26: 29.4 months) TOTAL 132 71.4% Retail 18.2% Office 10.4% Industrial at 31 August 2026 7 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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Westgate Mall 0 50 000 100 000 150 000 200 000 250 000 300 000 >20292029202820272026CurrentVacancy 5.1% 6.9% 2.2% 21.3% 24.1% 16.5% 23.9% m² 0 5 000 000 10 000 000 15 000 000 20 000 000 25 000 000 30 000 000 35 000 000 40 000 000 >20292029202820272026Current 7.0% 1.7% 22.1% 24.7% 17.7% 26.8% R Retail Office Industrial Portfolio leasing activity August 2026 August 2025 Number of leases 460 485 Total GLA (m2) 128 821 111 977 Average gross rental achieved (R/m2) 104.19 100.46 Weighted average escalations 7.1% 7.3% WALE (months) 39.7 39.3 NEW DEALS August 2026 August 2025 Number of leases 439 451 Total GLA (m2) 126 237 149 384 Average gross rental expiry (R/m2) 147.78 129.93 Average gross rental achieved (R/m2) 156.04 136.38 Budget vs actual achieved 4.2% 4.0% Rental reversions 5.6% 5.0% Weighted average escalation 6.9% 6.8% WALE (months) 37.8 37.9 RENEWALS LEASE EXPIRY PROFILE BY REVENUELEASE EXPIRY PROFILE BY GLA 8 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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Cosmos Centre DARREN WILDER CEO RETAIL PORTFOLIO
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Access Park 5 4 8 10 15 10 5 220 WHERE WE ARE Retail portfolio highlights Vacancy 4.3% (Mar ‘26: 4.3%) Number of properties 79 (Mar ‘26: 77) Total gross lettable area 606 258m² (Mar ‘26: 571 819m²) Positive rental reversion 4.9% (Mar ‘26: 5.5%) Tenant retention 86.3% (Mar ‘26: 83.1%) Average gross rental per m2 R181.14 (Mar ‘26: R176.09) Weighted average built-in escalation 6.5% (Mar ‘26: 6.5%) WALE 32.8 months (Mar ‘26: 32.8 months) TOTAL 79 at 31 August 2026 10 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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0 50 000 100 000 150 000 200 000 >20292029202820272026CurrentVacancy 4.3% 7.4% 1.4% 19.7% 22.5% 13.2% 31.5% m² 0 5 000 000 10 000 000 15 000 000 20 000 000 25 000 000 30 000 000 35 000 000 >20292029202820272026Current 7.0% 1.6% 22.0% 23.0% 16.3% 30.1% R Access Park NEW DEALS RENEWALS August 2026 August 2025 Number of leases 318 321 Total GLA (m2) 63 919 82 564 Average gross rental expiry (R/m2) 194.34 160.55 Average gross rental achieved (R/m2) 203.95 167.90 Budget vs actual achieved 2.5% 2.4% Rental reversions 4.9% 4.6% Weighted average escalation 6.8% 6.6% WALE (months) 45.7 42.3 August 2026 August 2025 Number of leases 280 301 Total GLA (m2) 40 322 41 817 Average gross rental achieved (R/m2) 147.48 143.27 Weighted average escalations 6.9% 6.9% WALE (months) 47.5 53.2 Retail leasing activity LEASE EXPIRY PROFILE BY REVENUELEASE EXPIRY PROFILE BY GLA 11 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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Rosebank Quarter DARREN WILDER CEO OFFICE PORTFOLIO
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Tijger Park 1 3 2 19 3 at 31 August 2026 WHERE WE ARE Office portfolio highlights TOTAL 28 Vacancy 8.6% (Mar ‘26: 8.4%) Number of properties 28 (Mar ‘26: 28) Total gross lettable area 209 271m² (Mar ‘26: 208 826m²) Positive rental reversion 6.0% (Mar ‘26: 4.2%) Tenant retention 84.3% (Mar ‘26: 87.3%) Average gross rental per m2 R140.10 (Mar ‘26: R133.65) Weighted average built-in escalation 7.1% (Mar ‘26: 7.1%) WALE 30.1 months (Mar ‘26: 30.8 months) 13 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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Sandton Sunninghill Place 0 10 000 20 000 30 000 40 000 50 000 60 000 >20292029202820272026CurrentVacancy 8.6% 6.6% 0.6% 14.5% 29.7% 17.7% 22.3% m² 0 2 000 000 4 000 000 6 000 000 8 000 000 10 000 000 >20292029202820272026Current 7.3% 0.6% 17.0% 31.0% 20.1% 24.0% R LEASE EXPIRY PROFILE BY REVENUELEASE EXPIRY PROFILE BY GLA Office leasing activity NEW DEALS August 2026 August 2025 Number of leases 117 109 Total GLA (m2) 34 462 24 832 Average gross rental achieved (R/m2) 134.64 115.14 Weighted average escalations 7.3% 8.2% WALE (months) 48.5 45.6 RENEWALS August 2026 August 2025 Number of leases 57 66 Total GLA (m2) 29 569 29 402 Average gross rental expiry (R/m2) 140.38 141.03 Average gross rental achieved (R/m2) 148.73 147.65 Budget vs actual achieved 5.9% 8.5% Rental reversions 6.0% 4.7% Weighted average escalation 7.2% 7.3% WALE (months) 35.9 40.3 14 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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Westview Industrial Park DARREN WILDER CEO INDUSTRIAL PORTFOLIO
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Germiston Route 24 1 3 20 1 at 31 August 2026 WHERE WE ARE Industrial portfolio highlights TOTAL 25 Vacancy 4.2% (Mar ‘26: 4.3%) Number of properties 25 (Mar ‘26: 25) Total gross lettable area 272 968m² (Mar ‘26: 274 552m²) Positive rental reversion 8.7% (Mar ‘26: 8.4%) Tenant retention 81.5% (Mar ‘26: 82.6%) Average gross rental per m2 R59.37 (Mar ‘26: R58.35) Weighted average built-in escalation 7.2% (Mar ‘26: 7.1%) WALE 20.0 months (Mar ‘26: 21.8 months) 16 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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Westview Industrial Park 0 20 000 40000 60 000 80 000 100 000 >20292029202820272026CurrentVacancy 4.2% 6.0% 5.0% 30.1% 23.5% 23.0% 8.2% m² 0 1 000 000 2 000 000 3 000 000 4 000 000 5 000 000 >20292029202820272026Current 6.4% 4.3% 32.2% 25.9% 23.0% 8.2% R LEASE EXPIRY PROFILE BY REVENUELEASE EXPIRY PROFILE BY GLA NEW DEALS August 2026 August 2025 Number of leases 63 75 Total GLA (m2) 54 037 45 328 Average gross rental achieved (R/m2) 52.47 52.92 Weighted average escalations 7.3% 7.2% WALE (months) 30.2 25.5 Industrial leasing activity RENEWALS August 2026 August 2025 Number of leases 64 64 Total GLA (m2) 32 749 37 418 Average gross rental expiry (R/m2) 63.58 53.63 Average gross rental achieved (R/m2) 69.13 57.98 Budget vs actual achieved 11.7% 5.5% Rental reversions 8.7% 8.1% Weighted average escalation 7.3% 7.2% WALE (months) 24.2 26.3 17 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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Access Park FINANCIAL UPDATE JACQUES KRIEL CFO
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Nquthu Shopping Centre Financial update LTV is expected to be below 27% at 30 September 2026 Approximately 60% of debt is expected to be fixed at 30 September 2026 All bank covenants expected to be comfortably met Inaugural bond auction scheduled for 29 September 2026, targeting an issuance of R500 million, with the option to upsize to R750 million Distribution per B share for the year is expected to increase at the upper end of the guidance range of 11% to 13% 19 Fairvest Limited Pre-close presentation for the year ending 30 September 2026
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Sebokeng Plaza THANK YOU
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Mala Plaza Q & A
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www.fairvest.co.za