AFINE INVESTMENTS LIMITED - Update on Final Cash Dividend with 25% Dividend Reinvestment Alternative

Update on Final Cash Dividend with 25% Dividend Reinvestment Alternative

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")

UPDATE ON FINAL CASH DIVIDEND WITH 25% DIVIDEND REINVESTMENT ALTERNATIVE

Shareholders are referred to the announcement published on 27 May 2026 detailing the declaration of the
cash dividend of 30 cents per ordinary share with the entitlement by shareholders, in respect of all or part of
their shareholding, to elect to reinvest up to 25% of the cash dividend in new, fully paid ordinary Afine shares
('Shares'), failing which they will receive the full cash dividend.

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.

Details of the ratio entitlement will be announced on the Stock Exchange News Service ("SENS") of the JSE in
accordance with the timetable below.

A circular providing Shareholders with full information on the Cash Dividend or Dividend Reinvestment
alternative, including a Form of Election to elect to receive the Dividend Reinvestment alternative will be
distributed to Shareholders on or about Wednesday, 3 June 2026 (the 'Circular').

The Board of Afine, in its discretion, may amend or withdraw the dividend reinvestment alternative subject to
any regulatory or administrative requirements or in the event that market conditions warrant such action and
such amendment or withdrawal will be announced on SENS by no later than 11h00 on Monday, 22 June 2026.

BY ORDER OF THE BOARD
Cape Town
29 May 2026

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 29-05-2026 03:10:00
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