PUTPROP LIMITED - Results of the Odd-Lot Offer

Results of the Odd-Lot Offer

Putprop Limited
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
('Putprop' or 'the company' or 'the Group')

RESULTS OF THE ODD-LOT OFFER

1.     Introduction
1.1.   Shareholders are referred to the circular distributed to shareholders on Monday, 22 April 2024
       ('Circular'), containing the details of the Odd-Lot Offer to all shareholders holding less than 100
       (one hundred) ordinary shares in the Company ('Odd-Lot Offer') and to the finalisation
       announcement released on Tuesday, 21 May 2024, which advised shareholders of the Odd-Lot
       Offer price and confirmed that the Odd-Lot Offer had become unconditional and that the
       Company would accordingly proceed with the implementation of the Odd-Lot Offer. Unless
       otherwise defined herein, capitalised words and terms contained in this announcement shall
       bear the meanings ascribed thereto in the Circular.

2.     Results of the Odd-Lot Offer
2.1.   Shareholders are hereby advised that the Odd-Lot Offer closed at 12:00 on Friday, 21 June
       2024 and the results thereof are as follows:

                                                                                          Total number of
                                                                                           Putprop shares
                                                       Number of          Number of           Repurchased
                            Number of Putprop            Putprop            Putprop        by the Company
                           Shares retained by     Shares sold by     Shares sold by       pursuant to the
                                     Election           Election           Default1         Odd Lot Offer
        Certificated                        -                  -                656                   656
        Dematerialised                    413              3 148                244                 3 392

        Total                             413              3 148                900                 4 048

       Note:
       1. In terms of the Odd-Lot Offer, Odd-Lot Holders who did not make an election were
          automatically deemed to have agreed to dispose of their Odd-Lot Holdings to Putprop and
          to receive the Odd-Lot Consideration in respect thereof.

2.2.   In terms of the Odd-Lot Offer, Putprop repurchased a total of 4 048 Putprop Shares, representing
       0.01% of the total issued ordinary share capital of Putprop from 362 Odd-Lot Holders for a total
       Odd-Lot Consideration of R13 244.26259.

2.3.   The Putprop Shares repurchased by the Company in terms of the Odd-Lot Offer will be cancelled
       and de-listed on or about Tuesday, 25 June 2024, and accordingly, the total issued ordinary share
       capital of Putprop will be reduced from 42 409 181 to 42 405 133 Putprop Shares.

Johannesburg
24 June 2024

Transaction Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 24-06-2024 10:53:00
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