PUTPROP LIMITED - Cautionary Announcement

Cautionary Announcement 

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


CAUTIONARY ANNOUNCEMENT


Shareholders are advised that the board of directors of Putprop is considering a scheme of arrangement in
terms of section 114(1)(e), read with section 115, of the Companies Act, No. 71 of 2008, as amended, in terms
of which the Putprop ordinary shares held by shareholders (other than the Company’s controlling shareholder
and the shareholders acting in concert with it), would be repurchased by Putprop for a cash consideration, and
the subsequent termination of the listing of the Putprop ordinary shares on the Main Board of the JSE Limited
(together, the “Proposed Transaction”).

The terms of the Proposed Transaction, including the consideration payable to shareholders, have not been
finalised and there is, accordingly, no certainty that it will be implemented. If implemented, the Proposed
Transaction will be subject to the fulfilment of a number of conditions, including the approval of Putprop
shareholders by the requisite majority and the receipt of all necessary regulatory approvals.

Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a
further announcement providing full details of the Proposed Transaction has been made.

The board of directors of Putprop, collectively and individually, accept responsibility for the information
contained in this announcement insofar as it relates to the Company, and confirms that, to the best of its
knowledge and belief, such information contained herein is true and nothing has been omitted which is likely
to affect the importance of such information.


30 September 2026
Johannesburg

Transaction Sponsor
BSM Sponsors

Sponsor
Merchantec Capital
Date: 30/09/2026 12:07:00
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.