Update to an announcement of dealings in securities by directors of Hyprop HYPROP INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/005284/06) JSE share code: HYP ISIN: ZAE000190724 JSE bond issuer code: HYPI (Approved as a REIT by the JSE) (“Hyprop” or “the Company”) UPDATE TO AN ANNOUNCEMENT OF DEALINGS IN SECURITIES BY DIRECTORS OF HYPROP Shareholders are referred to the announcement released on SENS on 30 June 2020 (“the previous announcement”) relating to the award and acceptance of shares offered under the Hyprop Conditional Unit Plan (“the plan”) and are advised that the number of securities awarded to the directors of Hyprop, and the deemed values of the shares, disclosed in the previous announcement only reflected the performance shares awarded, and not the retention shares. Shareholders are advised of the following updated information relating to the award and acceptance of the shares offered under the plan. The following information is applicable to all awards of securities as updated from the announcement released on SENS on 30 June 2020 to include retention shares: Transaction date: 30 June 2020 Award commencement date: 1 July 2020 Class of securities: Ordinary shares Price per security: RNil Total deemed value of transaction: The total deemed value was calculated using a volume weighted average price of R20,72478 per share over the 30 days prior to 22 June 2020, being the last practical date prior to which the award was made and accepted Vesting date: Performance shares (70%) on 30 June 2023, subject to performance conditions, and retention shares (30%) on 30 June 2025 Nature of transaction: Off-market acceptance of the shares offered in terms of the plan Nature and extent of directors’ interest: Direct beneficial Clearance to deal received: Yes Number of securities Deemed value Name of director: Morné C Wilken Performance shares (previously disclosed) 117 625 R2 437 752.25 Retention shares 50 411 R1 044 756.88 Total 168 036 R3 482 509.13 Name of director: Brett C Till Performance shares (previously disclosed) 62 824 R1 302 013.58 Retention shares 26 925 R 558 014.70 Total 89 749 R1 860 028.28 Name of director: Abraham W Nauta Performance shares (previously disclosed) 59 865 R1 240 688.95 Retention shares 25 657 R 531 735.68 Total 85 522 R1 772 424.63 18 February 2021 Sponsor Java Capital Date: 18-02-2021 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.