TRP121: Notification of an acquisition of beneficial interest in securities

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")

TRP121: NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES

Shareholders are advised that, in compliance with section 122(3)(b) of the Companies Act 71 of 2008 ("the Companies Act"), regulation 121(2)(b) of the Companies Act Regulations 2011 and paragraph 3.83(b) of the

JSE Listings Requirements, Hyprop has received formal notification that clients of Allan Gray have, in aggregate, acquired an interest in the ordinary shares of Hyprop, such that the total interest in the ordinary shares of Hyprop held by Allan Gray's clients now amounts to 15,0457% of the total issued ordinary shares of Hyprop.

As required in terms of section 122(3)(a) of the Companies Act, Hyprop has filed the required notice with the Takeover Regulation Panel.

11 April 2022

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