Voluntary announcement regarding the acquisition of a property letting enterprise PREMIUM PROPERTIES LIMITED Registration number 1994/003601/06 JSE code: PMM ISIN: ZAE 000009254 (“Premium ” or “the Company”) VOLUNTARY ANNOUNCEMENT REGARDING THE ACQUISITION OF A PROPERTY LETTING ENTERPRISE Linked unit holders are advised that a wholly-owned subsidiary of Premium, Savyon Building Proprietary Limited (“the Purchaser”), has concluded an agreement for the acquisition of a property letting enterprise (“the Acquisition”) together with related immovable property (“the Property”) from Prophold Limited. The Property is known as The Hanger situated at corner Bosboknook and South Streets, Centurion, Pretoria (Erf 1342, Zwartkop Extension 7) and comprises six blocks of residential accommodation. The Acquisition will further enhance Premium’s residential property portfolio. The purchase consideration payable by the Purchaser is R114 920 000 which will be settled in cash and discharged on transfer of the Property. The effective date of the Acquisition is conditional upon the fulfilment of various conditions precedent and is expected to be during June 2013. The Acquisition falls below the categorisation thresholds of the JSE Limited Listings Requirements and this announcement is made on a voluntary basis. 10 December 2012 Investment bank and sponsor Nedbank Capital Date: 10/12/2012 02:00:00 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.