AWA/AWB - Arrowhead Properties Limited - Cautionary Announcement

AWA/AWB - Arrowhead Properties Limited - Cautionary Announcement                
Arrowhead Properties Limited                                                    
(formerly Nervada Trading 13 (Proprietary) Limited)                             
(Registration number 2011/000308/06)                                            
JSE code: AWA ISIN: ZAE000158101                                                
JSE code: AWB ISIN: ZAE000158119                                                
("Arrowhead")                                                                   
CAUTIONARY ANNOUNCEMENT                                                         
Unitholders are advised that Arrowhead has concluded term sheets and/or is in   
advanced negotiations with various parties in relation to the acquisition of    
further properties with an aggregate value in excess of R660m at an average     
forward yield in excess of 10.7%.                                               
The forecast figures on which the forward yield has been calculated have not    
been reviewed or reported on by Arrowhead`s auditors.                           
The various acquisitions are still subject to the conclusion of binding         
agreements and unitholders are advised to exercise caution until such time as   
further announcements are made.                                                 
3 May 2012                                                                      
Sponsor                                                                         
Java Capital                                                                    
Date: 03/05/2012 17:13:00 Supplied by www.sharenet.co.za                     
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