AWA/AWB - Arrowhead Properties Limited - Earnings and headline earnings per

AWA/AWB - Arrowhead Properties Limited - Earnings and headline earnings per     
unit for the six months ended 31 March 2012                                     
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")                                                                   
EARNINGS AND HEADLINE EARNINGS PER UNIT FOR THE SIX MONTHS ENDED 31 MARCH       
2012                                                                            
Linked unitholders are referred to Arrowhead`s interim results announcement     
for the six months ended 31 March 2012 released on SENS on 9 May 2012 ("the     
results announcement").  The results announcement included distributions        
per A and B linked unit (which Arrowhead considers the most relevant figure     
for unitholders) and earnings and headline earnings per share.  However the     
results announcement did not include earnings and headline earnings per         
unit, which the JSE has requested Arrowhead to provide for comparative          
purposes.                                                                       
Accordingly, unitholders are advised that the earnings and headline earning     
per combined A and B linked unit for the six months ended 31 March 2012         
(calculated by adding back the distribution per linked unit to the earnings     
and headline earnings per share) is 44.36 cents, 25.85 cents of which is        
attributable to the A linked unit and 18.51 cents of which is attributable      
to the B linked unit.                                                           
1 June 2012                                                                     
Sponsor                                                                         
Java Capital                                                                    
Date: 01/06/2012 07:18:01 Supplied by www.sharenet.co.za                     
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