Concclusion of Non-binding Memorandum of Understanding 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” or the “company”) CONCLUSION OF NON-BINDING MEMORANDUM OF UNDERSTANDING Linked unitholders are advised that Arrowhead has entered into a non-binding memorandum of understanding with Matreal Property Services (Proprietary) Limited (“Matreal”) to acquire all of the shares in and shareholder loans against Indite Property Fund Limited (“Indite”) from Matreal (the “proposed acquisition”). The proposed acquisition forms part of Arrowhead’s growth and broader Black Economic Empowerment strategies, aligning the company with the SA Property Charter. Indite’s property portfolio consists of 6 buildings with an aggregate gross lettable area of 17 972 metres squared located in Gauteng, the Free State, Kwa Zulu Natal and the North West Province. Upon the implementation of the proposed acquisition, Arrowhead intends transferring its government tenanted buildings into the Indite portfolio which will be externally managed by a 100% black-owned asset manager, Indite Asset Management (Proprietary) Limited. This will enable Indite to enter into longer term leases with Government. A further and full announcement will be released on SENS and published in the press upon the conclusion of binding written agreements in respect of the proposed acquisition. 25 January 2013 Sponsor Java Capital Date: 25/01/2013 07:53:00 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.