Stewart Shaw-Taylor, who is due to retire by rotation at Hyprop Investments Limited's 2022 annual general meeting, has informed the board of directors of the Company that he does not intend to offer himself for re-election at that meeting. He will remain as a non-executive director and a member of the board committees on which he serves until the annual general meeting. Richard Inskip has been appointed as an independent non-executive director with effect from 1 July 2022.

Richard has 35 years of experience as a Senior Executive /Board Director in the Retail and Retail Financial Services industries. While he was based in South Africa for the majority of his career, he has worked in the United Kingdom, Australia and multiple African countries. Richard was previously the Chief Operating Officer of the Massmart Group.

Hyprop has reconstituted its Board committees with effect from 1 July 2022 as follows: 1. The Audit and Risk Committee will continue to comprise Mr. T Mokgatlha (Chairman), Mr. S Shaw-Taylor, Ms. Z Jasper, Ms. A Dallamore; 2. The Nomination Committee will comprise Mr. G Tipper (Chairman), Mr. S Shaw-Taylor, and new appointments Messrs S Noussis and R Inskip; 3. The Remuneration Committee will comprise Mr. S Shaw-Taylor (Chairman), Mr. G Tipper, and new appointments Messrs S Noussis and R Inskip. Mr. T Mokgatlha is stepping down from the Remuneration and Nomination committees due to other commitments and the Board thanks him for the contribution he made; 4. The Social and Ethics Committee will comprise Ms N Mandindi (Chairperson), Messrs B Till and M Wilken, and new appointment Ms. Mzobe; and 5. The Investment Committee will comprise Mr. G Tipper (Chairman), Messrs S Shaw-Taylor, K Ellerine, S Noussis, M Wilken, W Nauta, and new appointments Mr. L Dotwana and Ms. B Mzobe. Ms. A Dallamore will step down as a member of the committee but will attend meetings where information technology matters are considered.