HYPROP INVESTMENTS LIMITED - Dealings in securities by an associate of a director of the company

Dealings in securities by an associate of a director of the company

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000190724
JSE bond issuer code: HYPI
(Approved as a REIT by the JSE)
("Hyprop" or "the Company")


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


Shareholders and noteholders are referred to the announcement published on SENS on 2 October 2020 relating to off-
market derivative trades executed on 2 October 2020 by Ellerine Group Investments Proprietary Limited ("Ellerine
Investments"), an associate of Kevin Ellerine, a director of Hyprop ("October 2020 transactions"). Shareholders are
hereby advised of the following information relating to the early unwind and termination of the October 2020
transactions and the subsequent off-market derivative trade executed:

Name of associate:                               Ellerine Investments, a wholly owned subsidiary of Ellerine Group
                                                 Proprietary Limited
Name of director and relationship to director:   Kevin Ellerine, who is a director of Ellerine Investments
Transaction date:                                26 June 2024
Class of securities:                             Ordinary shares
Nature of transaction:                           Unwind of off-market derivative trades executed on 2 October 2020 as
                                                 follows:
                                                     - Unwind Long Call on 2 000 000 Hyprop ordinary shares at a
                                                       strike price of R15.05;
                                                     - Unwind Short Call on 500 000 Hyprop ordinary shares at a
                                                       strike price of R17.31; and
                                                     - Unwind Short Put on 1 500 000 Hyprop ordinary shares at a
                                                       strike price of R6.52
Nature and extent of director's interest:        Indirect beneficial
Clearance to deal received:                      Yes

Name of associate:                               Ellerine Investments, a wholly owned subsidiary of Ellerine Group
                                                 Proprietary Limited
Name of director and relationship to director:   Kevin Ellerine, who is a director of Ellerine Investments
Transaction date:                                26 June 2024
Class of securities:                             Ordinary shares
Nature of transaction:                           Off-market derivative trades as follows:
                                                     - Long Call on 6 872 660 Hyprop ordinary shares at a strike price
                                                       of R31.48; and
                                                     - Short Call on 6 872 660 Hyprop ordinary shares at a strike price
                                                       of R47.22,
                                                 expiring in equal tranches on: 26 May 2027 to 26 July 2027 every
                                                 3 business days
Nature and extent of director's interest:        Indirect beneficial
Clearance to deal received:                      Yes

Ellerine Investments elected to cash settle its obligations pursuant to the unwind of the October 2020 transactions and,
as a consequence, no underlying Hyprop ordinary shares were acquired or sold by Ellerine Investments.

28 June 2024


Sponsor                                          Debt sponsor
Java Capital                                     The Standard Bank of South Africa Limited

Date: 28-06-2024 02:05:00
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