Announcement • Jun 17
Hyprop Investments Limited Announces Board and Committee Changes Hyprop Investments Limited announced that the board of directors has appointed Lucas Ndala and Martin Oberholster as independent non-executive directors of the Company with effect from June 17, 2026. Lucas Ndala is a CA(SA) and has served as the chief executive officer and financial director at various companies within the Royal Bafokeng Holdings and Telkom Groups. He has also served as a non-executive director and chairman on boards such as MB Technologies, RBPlat Limited, where he served on the Audit Committee and Remuneration Committee, Atterbury Investment Holdings (now Attacq), DHL Express, and Seacom South Africa Limited. Lucas is currently the CEO of Umkhwene Energy Pty Ltd, which operates in the liquid petroleum gas sector. In addition to his appointment to the Board, Lucas will also be appointed to the Audit and Risk Committee. Martin Oberholster is a CA(SA) and began his career as an audit partner at Ernst and Young, before joining Rand Merchant Bank in 1997. He spent over 25 years at RMB, serving on the RMB Advisory Board and various management boards within the RMB group. His roles included chief investment officer (Private Equity and Hybrid Equity), chief credit officer (Specialised Finance and Corporate Loans) and founder and co-head of RMB Principal Investments. Martin was appointed as an advisor to Hyprop’s Investment Committee in 2025 and following his appointment to the Board, he will become a member of the Investment Committee. The Board confirms that a fit and proper assessment has been undertaken for each of Lucas Ndala and Martin Oberholster, and the Board is satisfied with the outcome of these assessments. The Board further confirms that Lucas Ndala and Martin Oberholster’s backgrounds and qualifications have been independently verified, and they have not made any declarations which require disclosure pursuant to paragraph 6.74 of the JSE Listings Requirements. Hyprop Investments Limited announced that Reeza Isaacs, independent non-executive director and member of the Audit and Risk Committee, has resigned from the Board and the relevant committee with effect from July 1, 2026, following his appointment as the CEO of The Spar Group Limited. Following the changes above, the Audit and Risk Committee will comprise the following members: Zuleka Jasper (Chairperson), Annabel Dallamore, and Lucas Ndala; and the Investment Committee will comprise the following members: Spiro Noussis (Chairperson), Loyiso Dotwana, Bernadette Mzobe, Wilhelm Nauta, Martin Oberholster, and Morné Wilken. Announcement • Apr 02
Primegrowth Retail Property Proprietary Limited, Witfontein Mile Proprietary Limited and Twin City Trading 2 Proprietary Limited completed the acquisition of 50% stake in Woodlands Boulevard from Hyprop Investments Limited (JSE:HYP) for approximately ZAR 820 million. Primegrowth Retail Property Proprietary Limited, Witfontein Mile Proprietary Limited and Twin City Trading 2 Proprietary Limited entered into an agreement to acquire 50% stake in Woodlands Boulevard from Hyprop Investments Limited (JSE:HYP) for approximately ZAR 790 million on February 6, 2026. A cash consideration of ZAR 790.5 million will be paid by Primegrowth Retail Property Proprietary Limited, Witfontein Mile Proprietary Limited and Twin City Trading 2 Proprietary Limited. The aggregate consideration for the 50% of Woodlands undivided share is ZAR 790.5 million (including VAT at 0%), with an escalation of 0.53% per month from August 1, 2025, to the Transfer Date. Each Purchaser will acquire a 1/6th undivided share in the Property and the Rental Enterprise and will accordingly settle their equal portion of the Purchase Price. The Purchase Price will be paid to Hyprop in cash on the date of registration of transfer of the proportionate share of the 50% undivided share in Woodlands Boulevard. The proceeds from the transaction will be deployed by Hyprop to pursue new investment opportunities aligned with the Hyprop group’s strategic growth objectives and capital allocation strategy.
Hyprop retains the right to terminate the sale agreement if the necessary transfer documents are not lodged with the deeds registry office by April 30, 2026, or a later date determined by Hyprop. If lodgement has not occurred by April 30, 2026 due to an act or omission on the part of either party which delays lodgement, then a break fee in an amount of ZAR 0.5 million shall be paid by the defaulting party to each aggrieved party.
Primegrowth Retail Property Proprietary Limited, Witfontein Mile Proprietary Limited and Twin City Trading 2 Proprietary Limited completed the acquisition of 50% stake in Woodlands Boulevard from Hyprop Investments Limited (JSE:HYP) for approximately ZAR 820 million on March 31, 2026. Java Capital, Legal Advisory Services acted as legal advisor for Hyprop Investments Limited. Adams & Adams acted as legal advisor for buyers. Upcoming Dividend • Apr 01
Upcoming dividend of R1.19 per share Eligible shareholders must have bought the stock before 08 April 2026. Payment date: 13 April 2026. Trailing yield: 5.7%. Lower than top quartile of South African dividend payers (8.1%). In line with average of industry peers (6.3%). 
