DIPULA PROPERTIES LIMITED - Dealings in securities by directors of the company

Dealings in securities by directors of the company

DIPULA PROPERTIES LIMITED
(Formerly Dipula Income Fund Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code: DIB     ISIN: ZAE000203394
(Approved as a REIT by the JSE)
("Dipula" or "the Company")


DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY


Shareholders are advised of the following information relating to the grant and acceptance of a conditional award of
Dipula ordinary shares by directors of Dipula in terms of the rules of the Company's approved Conditional Share Plan
("CSP") on the basis set out below.

The vesting of the shares is subject to achieving growth in distributable earnings, relative growth in dividends, NAV per
share and share price to Dipula's peer companies, retention periods and achieving individual key performance indicators.

 Name of director:                                            Izak Petersen
 Date of acceptance of award:                                 19 February 2026
 Class of securities:                                         Dipula ordinary shares
 Number of securities:                                        1 191 421
 Award price:                                                 R6.36390
 Deemed value of transaction:                                 R7 582 084.10
 Vesting period:                                              3 years from date of grant
 Nature of transaction:                                       Off-market grant and acceptance of conditional awards in
                                                              terms of the CSP
 Nature and extent of director's interest:                    Direct beneficial
 Clearance to trade:                                          Yes

 Name of director:                                            Sudesh Moodley
 Date of acceptance of award:                                 19 February 2026
 Class of securities:                                         Dipula ordinary shares
 Number of securities:                                        456 845
 Award price:                                                 R6.36390
 Deemed value of transaction:                                 R2 907 315.90
 Vesting period:                                              3 years from date of grant
 Nature of transaction:                                       Off-market grant and acceptance of conditional awards in
                                                              terms of the CSP
 Nature and extent of director's interest:                    Direct beneficial
 Clearance to trade:                                          Yes

20 February 2026


Sponsor
Java Capital

Date: 20-02-2026 03:10:00
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