EQUITES PROPERTY FUND LIMITED - Results of dividend reinvestment alternative

Results of dividend reinvestment alternative

 EQUITES PROPERTY FUND LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number 2013/080877/06)
 JSE share code: EQU ISIN: ZAE000188843
 (Approved as a REIT by the JSE)
 ("Equites")


RESULTS OF DIVIDEND REINVESTMENT ALTERNATIVE


Shareholders are referred to the declaration of a cash dividend of 72.57251 cents per share (the "cash dividend") with
an election to reinvest the cash dividend in return for new Equites shares (the "new shares") (the "dividend
reinvestment alternative"), announced as part of Equites’ results announcement for the six months ended 31 August
2026 published on SENS on Thursday, 15 October 2026, and to the announcement of the reinvestment price per new
share (being R17.50 per share) applicable to Equites shareholders electing the dividend reinvestment alternative,
released on SENS on Monday, 26 October 2026.

Shareholders holding 144 953 128 Equites shares or 16.69% of Equites shares (prior to the election) qualifying to receive
the cash dividend elected to receive the dividend reinvestment alternative, resulting in the issue of 5 948 912 new shares,
retaining R104 105 960 in new equity for Equites. Accordingly, the total number of shares in issue post the issue of the
new shares pursuant to the dividend reinvestment alternative will be 874 193 497.

Certificated shareholders who did not elect the dividend reinvestment alternative in respect of some or all of their shares
and who have provided their bank details to Equites’ transfer secretaries will have their bank accounts credited with the
cash dividend on Monday, 9 November 2026. Share certificates in respect of certificated shareholders who did elect the
dividend reinvestment alternative in respect of some or all of their shares will be posted on Wednesday, 11 November
2026 to certificated shareholders at their risk. The Central Securities Depository Participants or broker custody accounts
of dematerialised shareholders who did not elect the dividend reinvestment alternative in respect of some or all of their
shares will be credited with the cash dividend on Monday, 9 November 2026 and the Central Securities Depository
Participants or broker custody accounts of dematerialised shareholders who did elect the dividend reinvestment
alternative in respect of some or all of their shares will be credited on Wednesday, 11 November 2026 with their new
shares.

9 November 2026


Corporate advisor and sponsor
Java Capital
Date: 09/11/2026 11:00:00
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