Announcement of dividend reinvestment price and confirmation of finalisation information
DividendNot material
In brief
The dividend reinvestment price has been set at 1750 cents per share (R17.50 per share), a 0.45% discount to the 5-day VWAP. Shareholders have until 12:00 on 6 November 2026 to elect the reinvestment alternative.
The announcement
Announcement of dividend reinvestment price and confirmation of finalisation information EQUITES PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/080877/06) JSE share code: EQU ISIN: ZAE000188843 (Approved as a REIT by the JSE) ("Equites" or "the company") ANNOUNCEMENT OF DIVIDEND REINVESTMENT PRICE AND CONFIRMATION OF FINALISATION INFORMATION Further to the declaration of a cash dividend of 72.57251 cents per share (the "cash dividend") with an election to reinvest the cash dividend in return for new Equites shares (the "new shares") (the "dividend reinvestment alternative"), announced as part of Equites’ results announcement for the six months ended 31 August 2026 published on SENS on Thursday, 15 October 2026 (the "results announcement"), the price per share, as determined on Monday, 26 October 2026 (the "finalisation date"), applicable to Equites shareholders electing the dividend reinvestment alternative and recorded in the register on Friday, 6 November 2026 (the "record date"), is 1750 cents per share (R17.50 per share), (the "reinvestment price"). The reinvestment price represents a 0.45% discount to the 5-day volume weighted average price per Equites share as at Friday, 23 October 2026 (less the cash dividend). The ratio in respect of the dividend reinvestment alternative is 4.14700 shares for every 100 shares held on the record date by South African resident shareholders exempt from dividend tax and 3.31760 shares for every 100 shares held on the record date by non-resident shareholders subject to dividend tax at 20%. Where a shareholder’s entitlement to the shares in relation to the dividend reinvestment alternative, calculated with reference to the above share ratio, gives rise to an entitlement to a fraction of a new share, such fraction will be rounded down to the nearest whole number with the cash balance of the dividend being retained by the shareholder. Dividend withholding tax ("dividend tax") implications Dividend tax implications for South African resident shareholders Dividends received from a Real Estate Investment Trust ("REIT") are exempt from dividend tax in the hands of South African resident shareholders provided that the shareholders have provided the requisite declaration as to residence as detailed in paragraph 5 of the circular to Equites shareholders distributed on Thursday, 15 October 2026 (the "circular"). South African resident shareholders, who have submitted the requisite documentation and are exempt from dividend tax, will accordingly receive a net dividend of 72.57251 cents per share. Dividend tax implications for non-resident shareholders Dividends received from a REIT by a non-resident shareholder will be subject to dividend tax at 20%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation ("DTA") between South Africa and the country of residence of the non-resident shareholder. A reduced dividend withholding rate in terms of the applicable DTA may only be relied upon if the non-resident shareholder has provided the requisite documentation as detailed in paragraph 5 of the circular. Non-resident shareholders who have submitted the requisite documentation and assuming that a dividend tax rate of 20% is applicable, will accordingly receive a net dividend of 58.05801 cents per share. Due to the fact that the cash dividend or dividend reinvestment alternative may have tax implications for resident and non-resident shareholders, shareholders are encouraged to consult their professional advisors should they be in any doubt as to the appropriate action to take. Illustrative example on the application of rounding and the impact of dividend tax The application of the rounding principle of rounding down to the nearest whole number and the impact of dividend tax on shareholders has been illustrated by way of the example below: South African resident Non-resident shareholders shareholders exempt from subject to dividend dividend tax tax at 20% Dividend per share (cents) 72.57251 72.57251 Dividend tax per share (cents) - (14.51450) Total net dividend per share (cents) 72.57251 58.05801* Number of shares held 100 100 Reinvestment price (cents) 1750 1750 Total amount available for reinvestment (R) 72.57251 58.05801 Number of shares issued in terms of dividend reinvestment alternative 4.14700 3.31760 Total amount payable for shares acquired in terms of the dividend reinvestment alternative (R) 70.00000 52.50000 Balance of distribution paid to shareholder (R) 2.57251 5.55801 *Note: 58.05801 cents per share and not 58.05800 cents per share as disclosed in the results announcement and circular. Trading of Equites shares Shareholders are advised that, as per the published timetable, the last date to trade is Monday, 2 November 2026 and the shares will trade ex-dividend on Tuesday, 3 November 2026. As published in the results announcement and the circular, shareholders electing the dividend reinvestment alternative are alerted to the fact that the new shares will be listed on LDT + 3 and that these new shares can only be traded on LDT + 3 being Friday, 6 November 2026 due to the fact that settlement of the new shares will be three days after the record date which differs from the conventional one day after record date settlement process. Shareholders are reminded that the last day to elect to receive the dividend reinvestment alternative is 12:00 (South African time) on Friday, 6 November 2026. No action is required if you wish to receive the cash dividend. The salient dates, timetable and all other information relating to the cash dividend (including the tax implications) and dividend reinvestment alternative disclosed in the results announcement remain unchanged. 26 October 2026 Corporate advisor and sponsor Java Capital Date: 26/10/2026 11:22:00 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.