ORION REAL ESTATE LIMITED - RESIGNATION OF DIRECTOR

RESIGNATION OF DIRECTOR

ORION REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/021085/06)
Share Code: ORE    ISIN: ZAE000075651
("Orion Real Estate" or “the company”)


                  RESIGNATION OF DIRECTOR


In compliance with section 3.59 of the Listings Requirements
of the JSE Limited, the board of directors announces the
resignation of Professor A Boessenkool, with effect from the
01 August 2012.

The board would like to thank Professor Boessenkool for his
valuable contribution during his time on the board.

Johannesburg
2 August 2012

Sponsor
Arcay Moela Sponsors (Pty) Limited

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