PUTPROP LIMITED - Changes to the Board: Appointment of Chief Executive Officer

Changes to the Board: Appointment of Chief Executive Officer

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: APPOINTMENT OF CHIEF EXECUTIVE OFFICER


Shareholders are referred to the announcements released on SENS (and using the terms defined therein,
unless otherwise stated) on 30 July 2025 relating to the retirement of Mr Bruno C Carleo as Chief Executive
Officer of Putprop.

In compliance with paragraph 3.59 of the JSE Listings Requirements, the Board is pleased to notify its
shareholders that Mr Darryl Mayers has been appointed as Chief Executive Officer of Putprop with effect
from 1 January 2026.

Mr Mayers will however start at the group on 1 November 2025 for there to be a handover process between
the outgoing CEO and himself.

Darryl Mayers is a seasoned executive with a rich background in the property industry, spanning over three
decades.

With a career trajectory beginning in the late 1980s, Darryl has navigated various roles across diverse sectors
within the real estate industry. His expertise lies in identifying property opportunities, revitalising distressed
assets, and fostering a culture of motivation and inspiration among his teams.

From December 2018 to November 2022, Darryl served as Joint CEO of Investec Property Fund, a JSE-
listed REIT (Real Estate Investment Trust), during which time the Fund achieved recognition as one of South
Africa's top-performing REITs.

In January 2023, Darryl embarked on his entrepreneurial journey by founding Seer Property, a successful
consultancy firm.

The Board congratulates Darryl on his appointment as CEO, and looks forward to working with him to grow
Putprop.


Johannesburg
3 September 2025

Sponsor
Merchantec Capital

Date: 03-09-2025 10:45:00
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