Posting of circular incorporating a notice of general meeting and Revised Listing Particulars ASCENSION PROPERTIES LIMITED (formerly Grey Jade Trade and Invest 85 (Proprietary) Limited) (Incorporated in the Republic of South Africa on 23 August 2006) (Registration number 2006/026141/06) A-linked units JSE code: “AIA” ISIN: ZAE000161881 B-linked units JSE code: “AIB” ISIN: ZAE000161899 (“Ascension” or “the company”) POSTING OF CIRCULAR INCORPORATING A NOTICE OF GENERAL MEETING AND REVISED LISTING PARTICULARS Linked unitholders are referred to the announcements released on SENS on 18 September 2012 and 2 October 2012 relating to the proposed acquisition by Ascension of a portfolio of property letting enterprises from Capital Property Fund (“Capital”) and various subsidiaries of Capital (“the transaction”). Linked unitholders are advised that Ascension has today, 1 November 2012, posted a circular containing a notice of general meeting and revised listing particulars relating to the transaction to linked unitholders (“the circular”). The general meeting will be held at 10:00 on Thursday, 30 November 2012 at Ascension’s registered office (5th Floor, 14 Long Street, Cape Town, 8001) to consider the resolutions necessary to implement the transaction. The transaction has been approved by the Competition Authorities and remains subject only to Ascension receiving the requisite unitholder approval at the general meeting referred to above. The company has received irrevocable undertakings from unitholders representing more than 50% of the issued linked unit capital of Ascension to vote in favour of the resolutions relating to the transaction rendering the transaction unconditional. The salient dates and times relating to the transaction are set out below. Words and expressions in the timetable shall have the same meanings as assigned to them in the circular. 2012 Last day to trade in order to be eligible to vote at the general meeting Friday, 9 November Record date in order to vote at the general meeting Friday, 16 November Receipt of forms of proxy in respect of the general meeting of Ascension linked unitholders by 10:00 on Friday, 23 November The general meeting of Ascension linked unitholders at 10:00 on Tuesday, 27 November Results of the general meeting released on SENS on Tuesday, 27 November Results of the general meeting published in the press on Wednesday, 28 November Anticipated date for listing of consideration units issued in terms of the acquisitions Wednesday, 5 December Anticipated date for transfer of acquisition properties and implementation of acquisitions Wednesday, 5 December Note: All dates and times in the timetable above are local dates and times in South Africa. The above dates and times are subject to change. Any changes will be released on SENS and published in the press. 1 November 2012 Corporate advisor and sponsor Java Capital Date: 01/11/2012 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.