Update in respect a category 2 acquisition of a portfolio of properties and related rental enterprises from Moolman Group and their co-investors
TransactionMaterial
In brief
The Competition Tribunal has granted unconditional approval for the company's R2,042,559,710 acquisition of a property portfolio and rental enterprises from Moolman Group entities and their co-investors, fulfilling a key condition precedent.
The announcement
Update in respect a category 2 acquisition of a portfolio of properties and related rental enterprises from Moolman Group and their co-investors DIPULA PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/013963/06) Share Code: DIB ISIN: ZAE000203394 Approved as a REIT by the JSE (“Dipula” or “the Company”) UPDATE IN RESPECT A CATEGORY 2 ACQUISITION OF A PORTFOLIO OF PROPERTIES AND RELATED RENTAL ENTERPRISES FROM MOOLMAN GROUP AND THEIR CO-INVESTORS Dipula shareholders (“Shareholders”) are referred to the announcement released on SENS on 24 August 2026 (“Transaction Announcement”). Unless otherwise defined, capitalised terms used in this announcement bear the meanings ascribed to them in the Transaction Announcement. In the Transaction Announcement, Shareholders were advised that the Company, through its wholly- owned subsidiaries, Luxanio and MAPF, will acquire a portfolio of properties and the related Rental Enterprises from entities within the Moolman Group and their co-investors, for an aggregate Purchase Consideration of R2,042,559,710 (“Acquisition”). Shareholders are hereby advised that the Company has received unconditional approval from the Competition Tribunal in respect of the Acquisition. Accordingly, the Condition Precedent set out in paragraph 5.1.5 of the Transaction Announcement has been fulfilled. 5 November 2026 Transaction Advisor and Transaction Sponsor PSG Capital Legal Advisor Cliffe Dekker Hofmeyr Date: 05/11/2026 01:30:00 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.