AFINE INVESTMENTS LIMITED - Finalisation Announcement and New Salient Dates

Finalisation Announcement and New Salient Dates

AFINE INVESTMENTS LIMITED
APPROVED AS A REIT
(Incorporated in the Republic of South Africa)
Registration number 2020/852422/06
JSE share code: ANI ISIN: ZAE000303947
("Afine" or "the Company" or "the Group")


FINALISATION ANNOUNCEMENT AND NEW SALIENT DATES


We refer to the announcement published on SENS on Monday, 22 June 2026 and advise that exchange control
approval for the Part Dividend Reinvestment Alternative has been received from the South African Reserve Bank
("SARB").

Shareholders are advised that the price per Share as determined on Monday, 22 June 2026, applicable to
shareholders electing the Part Dividend Reinvestment Alternative and recorded in the register on the Record
Date, is 437.89 cents per Share, based on the 30-day volume weighted average price on Friday, 19 July
2026 of 467.89 cents, less the 30 cents gross dividend ("Reinvestment Price").

The ratio in respect of the Part Dividend Reinvestment Alternative is 1.71276 Shares for every 100 Shares held
on the Record Date by South African resident shareholders exempt from dividend withholding tax and
1.37021 Shares and 1.62712 Shares for every 100 Shares held on the Record Date by non-resident
shareholders subject to dividend withholding tax at 20% or 5% respectively.

All information as published on Monday, 22 June 2026 remains the same.

Pursuant to the SARB approval, the salient date have been amended to the following:

Event                                                                                                       2026
Last day to trade in order to be eligible for the Cash Dividend and the Part Dividend             Tuesday, 7 July
Reinvestment Alternative

Shares trade "ex" the Cash Dividend and the Part Dividend Reinvestment Alternative on          Wednesday, 8 July

Last day to elect to receive the Part Dividend Reinvestment Alternative instead of the             Friday, 10 July
Cash Dividend, Form of Election (grey) to reach the Transfer Secretaries by 12h00 noon
on

Record Date in respect of the Cash Dividend and the Part Dividend Reinvestment                     Friday, 10 July
Alternative

Listing and trading of maximum possible number of Shares on the JSE in terms of the Part           Friday, 10 July
Dividend Reinvestment Alternative from the commencement of trading on

 Cash Dividend payments made, and CSDP/broker accounts credited on                               Monday, 13 July

Announcement relating to the results of the Cash Dividend and the Part Dividend                  Monday, 13 July
Reinvestment Alternative released on SENS on

 Share certificates posted to certificated shareholders on or about                           Wednesday, 15 July

 Dematerialised shareholders' accounts updated with the new shares (if applicable) by         Wednesday, 15 July
 CSDP

 JSE listing of Shares in respect of the Part Dividend Reinvestment Alternative adjusted to      Thursday, 16 July
 reflect the actual number of ordinary Shares issued in terms of the Part Dividend
 Reinvestment Alternative at the commencement of business on
Notes:
1. Shareholders electing the Part 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 due to the fact that settlement of the
   shares will be three days after the record date, which differs from the conventional one day after record date
   settlement process.
2. Shareholders can elect to reinvest their cash dividend up to a maximum of 25% of eligible shareholding as at
   record date. Elections to reinvest must not exceed 25% of an investor's shareholding as at record date.
3. Shareholders may not dematerialise or rematerialise their share certificates between Wednesday, 8 July 2026
   and Friday, 10 July 2026, both dates inclusive.

CAPE TOWN
23 June 2026
Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 23-06-2026 05:38:00
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