Opening of private placement announcement ASCENSION PROPERTIES 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”) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO PRIVATE PLACEMENT Subject to pricing acceptable to Ascension, Ascension proposes an equity raise of up to R150 million through the issue of new Ascension A and B linked units by way of a private placement and under its general authority to issue its linked units for cash, as approved by shareholders at the annual general meeting held on 12 December 2012 (“the private placement”). The private placement will be offered to South African investors through an accelerated book build process. The private placement opens at 09h00 on Tuesday, 26 March 2013 and may close at any time thereafter. 26 March 2013 Joint bookrunner, corporate advisor and sponsor Java Capital Joint bookrunner Standard Bank Java Capital contact details: Travis Green tgreen@javacapital.co.za Tel: (011) 283 0171 Cell: 083 304 1200 Standard Bank contact details: Mesh Pillay mesh.pillay@standardbank.co.za Tel: (011) 631 1470 Cell: 073 591 0340 Date: 26/03/2013 09:00:00 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.