Proposed disposal of Delta City Mall in Podgorica HYPROP INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/005284/06) JSE share code: HYP ISIN: ZAE000190724 JSE bond issuer code: HYPI (Approved as a REIT by the JSE) (“Hyprop”) PROPOSED DISPOSAL OF DELTA CITY MALL IN PODGORICA Further to the announcement by BIG Shopping Centers, Ltd. (“BIG”) on the Tel Aviv Stock Exchange on 20 September 2021, shareholders are advised that Hystead Limited (“Hystead”), in which Hyprop holds a 60% interest, has received a non-binding offer from CEE BIG B.V (the “purchaser”), of which BIG owns 95%, to purchase Hystead’s entire shareholding in the entity that owns Delta City Mall in Podgorica, Montenegro, based on a gross property value of EUR95 million, and subject to customary net asset value adjustments (the “proposed transaction”). The purchaser has concluded its due diligence investigation. The proposed transaction is subject to the purchaser securing external bank financing for the purchase, approval from the anti-monopoly body in Montenegro and the execution of a definitive sale agreement. If the proposed transaction is completed, the sale proceeds will be used to reduce Hystead’s Euro-denominated debt. Shareholders will be updated as the proposed transaction progresses. 21 September 2021 Sponsor Java Capital Date: 21-09-2021 12:45:00 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.