PUTPROP LIMITED — Board/Management Information 2026

May 6, 2026

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

CHANGES TO THE BOARD AND BOARD COMMITTEES

In compliance with paragraph 6.71 of the JSE Limited ("JSE") Listings Requirements, the board of directors of Putprop ("Board") hereby notifies its shareholders that with effect from 6 May 2026:

• Mr Hayden Hartley, and Independent Non-Executive Director, has resigned as the Chairman of the Audit and Risk Committee but will remain a member of such committee.
• Mr Khumbelo Nevhorwa has been appointed as an Independent Non-Executive Director to serve on the Board and as Chairman of the Audit and Risk Committee and a member of the Remuneration and Nomination Committee, and the Social and Ethics Committee, and the Investment Committee of the Company.

Mr Nevhorwa is a CA(SA) and CFA charterholder, with early career experience in audit at Deloitte. He is a seasoned financial professional with over a decade of experience spanning investment analysis, valuation, auditing and strategic execution within the financial services sector. His expertise cuts across listed property, banking, insurance and asset management, with a particular depth in REIT analysis, capital structures and macroeconomic sensitivity.

He currently serves in the Chief Operating Office at Standard Bank where he supports enterprise-wide strategy execution, performance tracking and executive-level decision-making. Prior to this, he held senior equity analyst roles, providing integrated sector insights, leading property valuation coverage and contributing to portfolio construction and credit risk assessment.

Mr Nevhorwa combines strong technical capability in financial analysis and balance sheet assessment with strategic insight, governance awareness and stakeholder engagement at board level.

• Mr Paolo Senatore has been appointed as a Non-Executive Director to serve on the Board, and as a member of the Audit and Risk Committee, the Remuneration and Nomination Committee, and the Social and Ethics Committee, and the Investment Committee of the Company.

Mr Senatore is an experienced investment professional with long-standing leadership roles in South African asset management. He joined Melville Douglas in 2018 as Head of South African Equities and co-manages the Melville Douglas High Alpha Fund.

Prior to this, he spent over two decades with the FirstRand Group, where he held a number of senior positions. He served as CIO of RMB Private Bank Portfolio Management, where he was responsible for building and scaling the institutional investment offering. He subsequently played a key role in establishing Ashburton Investments, FirstRand's asset management business, and was instrumental in consolidating the group's investment processes and capabilities.

He holds an MSc in Mechanical Engineering.

The Board confirms that it has undertaken a fit and proper assessment of Messrs Nevhorwa and Senatore and is satisfied with the outcome. Furthermore, it is confirmed that there are no positive statements to report in respect of the integrity information contained in both director's declarations.

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The Board congratulates Messrs Nevhorwa and Senatore on their appointments and looks forward to their contributions to the Company.

Further to the above changes, the various Board Committees will be comprised as follows:

• Audit and Risk Committee
• Khumbelo Nevhorwa (Chairperson)
• Janys Ann Finn
• Hayden Hartley

• Paolo Senatore

• Remuneration and Nominations Committee

• Hayden Hartley (Chairperson)
• Janys Ann Finn
• Khumbelo Nevhorwa

• Paolo Senatore

• Social and Ethics Committee

• Janys Ann Finn
• Khumbelo Nevhorwa
• Paolo Senatore
• Darryl Mayers

• Alicia Nolte

• Investment Committee

• Hayden Hartley (Chairperson)
• Darryl Mayers
• Khumbelo Nevhorwa
• Paolo Senatore
• Alicia Nolte
• Janys Ann Finn

The Chairperson of the Social and Ethics Committee will be appointed by the Board at its next meeting. Shareholders will be notified of the outcome by way of a further announcement.

Johannesburg
6 May 2026

Sponsor
Merchantec Capital