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 DIRECTORS OF THE COMPANY

Shareholders are advised of the following information relating to the grant and acceptance of a conditional award of Dipula ordinary shares by directors of Dipula in terms of the rules of the Company's approved Conditional Share Plan ("CSP") on the basis set out below.

The vesting of the shares is subject to achieving growth in distributable earnings, relative growth in dividends, NAV per share and share price to Dipula's peer companies, retention periods and achieving individual key performance indicators.

Name of director: Izak Petersen Date of acceptance of award: 19 February 2026 Class of securities: Dipula ordinary shares

Number of securities: 1 191 421 Award price: R6.36390 Deemed value of transaction: R7 582 084.10

Vesting period: 3 years from date of grant

Nature of transaction: Off-market grant and acceptance of conditional awards in

terms of the CSP

Nature and extent of director's interest: Direct beneficial

Clearance to trade: Yes

Name of director: Sudesh Moodley Date of acceptance of award: 19 February 2026 Class of securities: Dipula ordinary shares

Number of securities: 456 845 Award price: R6.36390 Deemed value of transaction: R2 907 315.90

Vesting period: 3 years from date of grant

Nature of transaction: Off-market grant and acceptance of conditional awards 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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