FOUNTAINHEAD PROPERTY TRUST - Directors' resignations

Directors' resignations

Fountainhead Property Trust
A Collective Investment Scheme in property registered in terms of the
Collective Investment Schemes Control Act, No.45 of 2002 and managed
by Fountainhead Property Trust Management Limited
(Registration number 1983/003324/06)
Share code: FPT
ISIN code: ZAE000097416
("Fountainhead")

RESIGNATION BY DIRECTORS

Unitholders are advised that Mr. Stewart Shaw-Taylor and Mr. Donald
Samuel Ogbu have resigned as non-executive directors from the board of
directors (“the board”) of Fountainhead with effect from 24 August
2012.

The board wishes to thank Mr Shaw-Taylor and Mr Ogbu for         their
valuable contribution during their tenure with Fountainhead.

Johannesburg
27 August 2012

Sponsor
The Standard Bank of South Africa Limited

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