DENEB INVESTMENTS LIMITED - Category 2 Disposal Announcement Deneb House, Observatory, Cape Town - Competition Commission Approval

Category 2 Disposal Announcement – Deneb House, Observatory, Cape Town - Competition Commission Approval

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
("Deneb")

CATEGORY 2 DISPOSAL ANNOUNCEMENT – DENEB HOUSE, OBSERVATORY, CAPE
TOWN - COMPETITION COMMISSION APPROVAL

Shareholders are referred to the announcement published on SENS on 11 March 2026
("Announcement"), regarding the disposal by Sargas (Pty) Ltd (a wholly-owned subsidiary
of Deneb) of Erf 177212 situated on Corner of Main Road and Browning Road, Observatory,
Cape Town and known as "Deneb House" ("the Property"), as a going concern, for a
consideration of R120,000,000, inclusive of VAT at the rate of 0% ("Disposal").

As stated in the Announcement, the Disposal was subject to several conditions precedent,
including the condition requiring the approval of the applicable competition authorities in
terms of the Competition Act, No. 89 of 1998 ("Competition Authorities").

Shareholders are advised that on 3 June 2026, the Competition Authorities unconditionally
approved the Disposal and that the last outstanding condition precedent has now been
fulfilled.

Accordingly, the Disposal has become unconditional and will be effective on the date of
registration of transfer of the Property, which is anticipated to be registered by the end of July
2026.

Cape Town
4 June 2026

Sponsor
PSG Capital

Date: 04-06-2026 01:00:00
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