Update regarding Put Option Acquisition and Nyanga Junction Acquisition Fairvest Property Holdings Limited Incorporated in the Republic of South Africa (Registration number: 1998/005011/06) Linked unit code: FVT ISIN: ZAE000034658 (“Fairvest” or “the Company”) UPDATE REGARDING PUT OPTION ACQUISITION AND NYANGA JUNCTION ACQUISITION 1. UPDATE REGARDING THE PUT OPTION ACQUISITION Linked unitholders are referred to the Company’s circular to linked unitholders dated 5 October 2012 (“the Circular”), containing details regarding, inter alia, the Put Option Acquisition. Linked unitholders are advised that SA Corporate Real Estate exercised the Put Option in respect of the Gingindlovu Property detailed in the Circular for a purchase consideration of R5 000 000, and that the property will accordingly be acquired by the Company at that price, with transfer of ownership expected to be registered by 1 June 2013. SA Corporate Real Estate did not exercise the Put Option in respect of the remaining Put Option Property (being the Middelburg Property detailed in the Circular) by 31 March 2013, meaning that the Put Option has expired in respect of that property. 2. UPDATE REGARDING THE NYANGA JUNCTION ACQUISITION Linked unitholders are referred to the Company’s SENS announcement dated 28 January 2013 (“the Nyanga Junction Announcement”), regarding the Nyanga Junction Acquisition. With reference to the condition precedent referred to in paragraph 6.4 of the Nyanga Junction Announcement, linked unitholders are hereby advised that the parties to the Nyanga Junction Acquisition have since agreed to extend the date by which written consent to the assignment of the Notarial Lease to the Company is to be obtained from the Passenger Rail Agency of South Africa (being the owner of the Nyanga Junction Property), by 45 days from the previous date of 31 March 2013. 3. REGISTRATION OF TRANSFER OF VEREENIGING PROPERTY The Company advised linked unitholders in its condensed consolidated results for the six months ended 31 December 2012, as released on SENS on 27 March 2013, that registration of transfer of the Pick n Pay Vereeniging property (“Vereeniging Property”) to the Company was still pending. Linked unitholders are hereby advised that registration of transfer of ownership of the Vereeniging Property to the Company occurred today. Further particulars regarding the Vereeniging Property are disclosed in the Circular referred to above. 10 April 2013 Cape Town Sponsor PSG Capital Date: 10/04/2013 03:40:00 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.