PUTPROP LIMITED - Update Relating to the Disposal of Specific Portion of Summit Place (The "Disposal")

Update Relating to the Disposal of Specific Portion of Summit Place (The "Disposal")

PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
(“Putprop” or “the Group”)


UPDATE RELATING TO THE DISPOSAL OF SPECIFIC PORTION OF SUMMIT PLACE (THE “DISPOSAL”)


Further to the announcements released on SENS on 3 November 2025 and 29 April 2026 regarding the Disposal,
and using the terms defined therein unless otherwise stated, shareholders are advised that, following receipt of the
irrevocable consents from all sectional title owners on 7 July 2026, the Purchaser was required to obtain approval
from its board of directors within 60 business days in order to proceed with the Disposal. The Purchaser has informed
the Group that it will not be proceeding with the Disposal as the requisite approval from its board of directors has not
been obtained.

Accordingly, the Agreement is of no further force or effect, and the Parties will be restored to the positions they would
have occupied had the Agreement not been concluded.


Johannesburg
11 September 2026

Sponsor
Merchantec Capital
Date: 11/09/2026 01:00:00
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.