TRP121: Notification of a disposal of beneficial interest in securities 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”) TRP121: NOTIFICATION OF A DISPOSAL OF BENEFICIAL INTEREST IN SECURITIES In terms of section 122 of the Companies Act 71 of 2008 (the “Companies Act”), if a company receives notification from any person that has either acquired or disposed of a beneficial interest in sufficient number of any class of securities in the company such that, as a result of the acquisition or disposal (as the case may be) the person’s beneficial interest in that class of securities moves above or below 5% or any multiple of 5% of that class of securities, the acquisition or disposal needs to be disclosed to shareholders. In compliance with section 122(3)(b) of the Companies Act and Regulation 121(2)(b) of the Companies Act Regulations, 2011, shareholders are advised that Arrowhead has received notification from Investec Fund Managers SA (RF) (Pty) Ltd (“Investec”) of the disposal by Investec on behalf of its clients of that number of “A” linked units in Arrowhead, such that Investec on behalf of its clients now holds 4.96% of Arrowhead’s issued “A” linked units (from its holding of 5.05% of Arrowhead’s issued “A” linked units prior to such disposal). 20 November 2012 Sponsor Java Capital Date: 20/11/2012 05:20:00 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.