DELTA AFRICA PROPERTY HOLDINGS LIMITED - Placing of shares at a premium of US$ 5.3 cents to net asset value per share for the acqusition of assets

Placing of shares at a premium of US$ 5.3 cents to net asset value per share for the acqusition of assets

 DELTA AFRICA PROPERTY HOLDINGS LIMITED
 (Registered by continuation in the Republic of Mauritius)
 (Registration number 128881 C1/GBL)
 JSE share code: DLA
 SEM share code: DEL.N0000
 ISIN: MU0473N00010
 (“Delta Africa” or “the Company”)



PLACING OF SHARES AT A PREMIUM OF US$ 5.3 CENTS TO NET ASSET VALUE PER SHARE FOR THE ACQUSITION OF ASSETS


1.     Further to the information provided in the Supplement to the Listing Particulars dated 10 December 2015 (“Supplement”)
       released to the market in a communique dated 10 December 2015, shareholders are hereby advised that Delta Africa has
       successfully placed 2,004,192 additional ordinary shares of no par value (“Placing Shares”) at an issue price of USD 1.70
       per share. The issue price is at a premium of US$5.3 cents to the last published net asset value per share of US$1.6469.

2.     The proceeds from the Placing Shares will be used to reduce existing debt facilities relating to the acquisition of assets
       announced to the market.

3.     The Placing Shares will be listed on the Official Market of the Stock Exchange of Mauritius Ltd (“SEM”) and the Main Board
       of JSE Limited on Tuesday, 16 February 2016.

4.     The Placing Shares will be placed through the Mauritian share register and investors will have their CDS accounts credited
       with the Placing Shares on Tuesday, 16 February 2016.

5.     Delta Africa has its primary listings on both the Official Market of the SEM and the JSE Limited.

15 February 2016

Directors: Sandile Nomvete (chairman), Greg Pearson*, Bronwyn Anne Corbett*, Peter Todd (lead independent), Maheshwar
Doorgakant, Chandra Kumar Gujadhur, Ian Macleod and Leon van de Moortele*
(*executive director)
Company Secretary: Intercontinental Fund Services Ltd
Registered address: Level 5, Alexander House, 35 Cybercity, Ebene, 72201, Mauritius
Transfer secretary in South Africa: Computershare Investor Services (Pty) Ltd
Registrar and Transfer Agent (Mauritius): Intercontinental Secretarial Services Ltd
Corporate advisor and JSE Sponsor: PSG Capital (Pty) Ltd
SEM sponsor: Capital Markets Brokers Ltd

This Notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 11.3 and the Securities Act of Mauritius 2005.

The board of directors of Delta Africa Property Holdings Limited accepts full responsibility for the accuracy of the information
contained in this communiqué.

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