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Results of annual general meeting
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 "Company")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting of shareholders held on Tuesday, 17 February 2026 (in terms
of the notice of annual general meeting dispatched to shareholders on Thursday, 4 December 2025), all the resolutions
tabled were passed by the requisite majority of Dipula shareholders except for ordinary resolution number 11, relating
to the general authority to issue shares for cash.
Details of the results of voting at the annual general meeting are as follows:
- total number of Dipula ordinary shares in issue as at the date of the annual general meeting: 1 013 398 710;
- total number of Dipula ordinary shares that could have been voted at the annual general meeting (excluding
treasury shares): 1 013 315 398;
- total number of Dipula ordinary shares that were present/represented at the annual general meeting: 922 269 690,
being 91.02% of the total number of Dipula ordinary shares that could have voted at the annual general meeting.
Ordinary resolution number 1: Re-election of ZJ Matlala as a director
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 741 407 807, being 80.40% 180 773 883, being 19.60% 88 000, being 0.01%
Ordinary resolution number 2: Re-election of BH Azizollahoff as a director
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 778 166 045, being 84.38% 144 015 645, being 15.62% 88 000, being 0.01%
Ordinary resolution number 3: Re-election of IS Petersen as a director
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 922 181 690, being 100.00% - 88 000, being 0.01%
Ordinary resolution number 4: Re-appointment of Z Adams as a member and chairperson of the Audit and Risk
Committee
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 922 181 690, being 100.00% - 88 000, being 0.01%
Ordinary resolution number 5: Re-appointment of BH Azizollahoff as a member of the Audit and Risk Committee
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 757 542 631, being 82.15% 164 639 059, being 17.85% 88 000, being 0.01%
Ordinary resolution number 6: Re-appointment of N Khoele as a member of the Audit and Risk Committee
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 921 200 365, being 99.89% 981 325, being 0.11% 88 000, being 0.01%
Ordinary resolution number 7: Appointment of K Teeroovengadum as a member and chairperson of the Social, Ethics
and Sustainability Committee
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 922 181 690, being 100.00% - 88 000, being 0.01%
Ordinary resolution number 8: Appointment of IS Petersen as a member of the Social, Ethics and Sustainability
Committee
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 922 181 690, being 100.00% - 88 000, being 0.01%
Ordinary resolution number 9: Appointment of Z Adams as a member of the Social, Ethics and Sustainability
Committee
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 919 358 009, being 99.69% 2 823 681, being 0.31% 88 000, being 0.01%
Ordinary resolution number 10: Re-appointment of the independent external auditor and appointment of the individual
designated audit partner
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 881 757 013, being 95.62% 40 424 677, being 4.38% 88 000, being 0.01%
Ordinary resolution number 11: General authority to issue shares for cash
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 651 532 972, being 70.65% 270 648 718, being 29.35% 88 000, being 0.01%
Ordinary resolution number 12: Specific authority to issue shares pursuant to a reinvestment option
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 885 870 593, being 96.06% 36 311 097, being 3.94% 88 000, being 0.01%
Non-binding advisory resolution number 1: Endorsement of the remuneration policy
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 715 456 502, being 77.58% 206 725 188, being 22.42% 88 000, being 0.01%
Non-binding advisory resolution number 2: Endorsement of the remuneration implementation report
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 799 756 100, being 86.72% 122 425 590, being 13.28% 88 000, being 0.01%
Ordinary resolution number 13: Signature of documentation
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 922 181 690, being 100.00% - 88 000, being 0.01%
Special resolution number 1: Financial assistance in terms of section 45 of the Companies Act
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 920 666 181, being 99.84% 1 515 509, being 0.16% 88 000, being 0.01%
Special resolution number 2: Financial assistance for the subscription and/or purchase of securities in terms of
section 44 of the Companies Act
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 833 537 708, being 90.39% 88 643 982, being 9.61% 88 000, being 0.01%
Special resolution number 3: Share repurchases
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 728 243 143, being 78.97% 193 938 547, being 21.03% 88 000, being 0.01%
Special resolution number 4: Non-executive directors' remuneration
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 922 181 690, being 100.00% - 88 000, being 0.01%
Special resolution number 5: Approval to issue shares in terms of section 41(1) of the Companies Act
Shares voted* For Against Abstentions^
922 181 690, being 91.00% 732 658 138, being 79.45% 189 523 552, being 20.55% 88 000, being 0.01%
* shares voted (excluding abstentions) in relation to total shares in issue
^ in relation to total shares in issue
Although Dipula received the requisite approvals from shareholders in respect of non-binding advisory resolutions
number 1 and 2, Dipula nonetheless extends an invitation to all dissenting shareholders to address their concerns on the
remuneration policy and the remuneration implementation report. Shareholders are requested to provide their reasons
for voting against non-binding advisory resolutions 1 and 2, in writing, to the chairperson of the Remuneration and
Nomination Committee, Nthime Khoele, by emailing the company secretary at dipula@acorim.co.za by no later than
close of business on Friday, 6 March 2026. Dipula will consider all concerns and, where appropriate, take steps to
address any legitimate and reasonable concerns raised by shareholders.
18 February 2026
Sponsor
Java Capital
Date: 18-02-2026 12:45:00
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