DIPULA PROPERTIES LIMITED - Dealings in securities by a director and an associate of a director of the company

Dealings in securities by a director and an associate of a director 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 A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


Shareholders are advised of the following information relating to the vesting of conditional awards of Dipula ordinary
shares awarded to directors on 8 June 2023 in terms of the rules of the Company's approved Conditional Share Plan
("CSP").

On 18 February 2026, Dipula purchased 1 117 152 shares on-market at a price of R6.90 per share for a total value of
R7 708 348.80 to settle the conditional awards which vested, as detailed below:

 Name of associate:                                          QVEST Consulting Proprietary Limited ("QVEST")
 Name of director and relationship to director:              Izak Petersen, who is the sole shareholder of QVEST
 Transaction date:                                           19 February 2026
 Class of securities:                                        Dipula ordinary shares
 Number of securities:                                       803 410
 Value of transaction:                                       R5 543 529.00
 Nature of transaction:                                      Off-market vesting of shares in terms of the CSP
 Nature and extent of director's interest:                   Indirect beneficial
 Clearance to trade:                                         Yes

 Name of director:                                           Sudesh Moodley
 Transaction date:                                           19 February 2026
 Class of securities:                                        Dipula ordinary shares
 Number of securities:                                       313 742
 Value of transaction:                                       R2 164 819.80
 Nature of transaction:                                      Off-market vesting of shares 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 03:15:00
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