PUTPROP LIMITED - Further Trading Statement

Further Trading Statement 

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


FURTHER TRADING STATEMENT


In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement
as soon as they become reasonably certain that the financial results for the period to be reported on will differ
by more than 20% from that of the previous corresponding period.

The Board released a trading statement on SENS on 17 July 2026 in respect of results for the year ended
30 June 2026 stating that based on management’s review of the financial results:

•   the loss per share was expected to be between 315.34 cents and 339.20 cents, compared to the earnings
    per share of 119.31 cents for the year ended 30 June 2025; and

•   the headline loss per share was expected to be between 5.26 cents and 17.44 cents, compared to the
    headline earnings per share (“HEPS”) of 60.86 cents for the year ended 30 June 2025.

The Board's review of the financial results for the year ended 30 June 2026 now indicates that:

•   the loss per share is expected to be between 194.96 cents and 218.82 cents, compared to the earnings
    per share of 119.31 cents for the year ended 30 June 2025; and

•   the HEPS is expected to be between 60.97 cents and 73.15 cents, reflecting an increase of between
    0.2% and 20.2%, compared to the HEPS of 60.86 cents for the year ended 30 June 2025.

This is principally due to revisions to the key assumptions and unobservable inputs used by the external
valuers and approved by the Board in determining the fair value of the Group's investment properties, primarily
relating to rental reversions to prevailing market-related rental rates

The financial information on which this trading statement is based has not been reviewed or reported on by the
Group’s external auditors. The Group's financial results are expected to be released on SENS on or about
18 September 2026.


Johannesburg
11 September 2026

Sponsor
Merchantec Capital
Date: 11/09/2026 01:00:00
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