PUTPROP LIMITED - Changes to the Board: Retirement of non-executive Chairman and Notice of Withdrawal of Resolutions at the AGM

Changes to the Board: Retirement of non-executive Chairman and Notice of Withdrawal of Resolutions at the AGM

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


CHANGES TO THE BOARD: RETIREMENT OF NON-EXECUTIVE CHAIRMAN AND NOTICE OF
WITHDRAWL OF RESOLUTIONS AT THE ANNUAL GENERAL MEETING


In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited ("JSE"), the board
of directors of Putprop ("the Board") hereby notifies its shareholders that Mr Daniele Torricelli, an
independent non-executive director, the Chairman of the Board and a member and chair of the
Environmental, Social, Ethics and Transformation Committee ("Committee"), who, in terms of the
Company's memorandum of incorporation, is set to retire by rotation at the forthcoming annual general
meeting ("AGM") on Thursday, 6 November 2025, has informed the Board that he will not make himself
available for re-election and accordingly will retire from the Board and Committee at the conclusion of that
meeting.

Accordingly, ordinary resolution number 2 recommending the re-election of Mr Torricelli as a director, and
ordinary resolution number 4.1 recommending his appointment as a member and chair of the Environmental,
Social, Ethics and Transformation Committee are hereby withdrawn.

The withdrawal of the aforementioned resolutions does not affect the validity of the notice of AGM, the forms
of proxy or voting instructions already submitted in respect of the remaining resolutions to be proposed at the
AGM. The numbering of all other proposed resolutions at the AGM remains unchanged.

The Board extends its sincere thanks to Mr Torricelli for his contribution to the Company over the last 10 years
and wishes him well in his future endeavours.

The Company has commenced the process to appoint a suitable replacement and shareholders will be
advised once such an appointment has been made.



Johannesburg
28 October 2025

Sponsor
Merchantec Capital
Date: 28-10-2025 03:01:00
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