DIPULA PROPERTIES LIMITED — Director's Dealing 2026

Feb 20, 2026

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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 "the Company")

DEALINGS IN SECURITIES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to the vesting of conditional awards of Dipula ordinary shares awarded to directors on 8 June 2023 in terms of the rules of the Company's approved Conditional Share Plan ("CSP").

On 18 February 2026, Dipula purchased 1 117 152 shares on-market at a price of R6.90 per share for a total value of R7 708 348.80 to settle the conditional awards which vested, as detailed below:

Name of associate: QVEST Consulting Proprietary Limited ("QVEST")

Name of director and relationship to director: Izak Petersen, who is the sole shareholder of QVEST

Transaction date: 19 February 2026 Class of securities: Dipula ordinary shares

Number of securities: 803 410 Value of transaction: R5 543 529.00

Nature of transaction: Off-market vesting of shares in terms of the CSP

Nature and extent of director's interest: Indirect beneficial

Clearance to trade: Yes

Name of director: Sudesh Moodley Transaction date: 19 February 2026 Class of securities: Dipula ordinary shares

Number of securities: 313 742 Value of transaction: R2 164 819.80

Nature of transaction: Off-market vesting of shares in terms of the CSP

Nature and extent of director's interest: Direct beneficial

Clearance to trade: Yes

20 February 2026

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