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Update Regarding the Circular
PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/001085/06)
Share code: PPR ISIN: ZAE0000072310
("Putprop")
UPDATE REGARDING THE CIRCULAR
Shareholders are referred to the announcements released on SENS on 29 May 2026 and 3 June 2026,
respectively, relating to the disposal by Putprop of its interests in the Mamelodi Square Enterprise and the
Dobsonville Property, and the acquisition by Putprop of the Kramerville Letting Enterprise (collectively, the
"Terms Announcements").
Unless expressly defined in this announcement, capitalised terms herein have the meaning ascribed to them
in the Terms Announcements.
The Disposals and the Acquisition (collectively, the "Transactions") each constitute a Category 1 transaction
in terms of the JSE Listings Requirements and, accordingly, require the distribution of a circular to Putprop
shareholders, incorporating, inter alia, a notice of general meeting to obtain the requisite shareholder approvals
("Circular").
In terms of the JSE Listings Requirements, the Circular is required to be distributed to Putprop shareholders
within 60 days from the date of the Terms Announcements, or such longer period as may be permitted by the
JSE.
To avoid the cost and administrative burden associated with the preparation and distribution of multiple circulars,
the Disposals and the Acquisition are being dealt with in a single Circular, which must comply with the provisions
of section 13 of the JSE Listings Requirements applicable to property entities, read together with section 11
thereof relating to financial information.
As such, the financial information required in respect of the subject matter of the Disposals and the Acquisition
necessitated the preparation of special purpose carve-out financial information relating to the Mamelodi Square
Property and the Dobsonville Property, forecast financial information in respect of the Kramerville Letting
Enterprise, and the pro forma financial effects of the Transactions.
The preparation of the aforementioned financial information, together with the associated reporting accountant's
work and the preparation of the relevant valuation reports, resulted in a longer preparation period prior to first
submission of the Circular to the JSE for review.
Putprop shareholders are advised that the JSE has granted an extension permitting the Circular to be
distributed to Putprop shareholders by no later than Friday, 21 August 2026.
A further announcement regarding the distribution of the Circular and the salient dates and times relating to
the Transactions will be released on SENS in due course.
Johannesburg
29 July 2026
Transaction Sponsor
Merchantec Capital
Date: 29-07-2026 09:45:00
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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.
