Appointment of directors Fountainhead Property Trust A Collective Investment Scheme in property registered in terms of the Collective Investment Schemes Control Act, No.45 of 2002 and managed by Fountainhead Property Trust Management Limited (Registration number 1983/003324/06) Share code: FPT ISIN code: ZAE000097416 ("Fountainhead") APPOINTMENT OF DIRECTORS Unitholders of Fountainhead are referred to the announcement released by Redefine Properties Limited (“Redefine”) on the Stock Exchange News Service of the JSE Limited on 11 March 2013 and are advised of the following changes to the board of directors of Fountainhead Property Trust Management Limited, with immediate effect: - Mr Marc Wainer has been appointed as an Executive Director. Mr Wainer has 39 years’ experience in all aspects of real estate. He is the chief executive officer of Redefine and a director of Redefine International P.L.C (“Redefine International”) and Redefine International Limited as well as Cromwell Property Group. His primary focus is structuring corporate transactions, acquisitions and disposals, as well as being responsible for the day-to-day management of Redefine. After 12 years as a non-executive director of Hyprop, Mr Wainer will retire after Hyprop’s annual general meeting to be held on 27 June 2013 in order to avoid potential conflict of interest; - Mr David Rice has been appointed as an Executive Director. Mr Rice has more than 20 years experience in the property industry. He was managing director of ApexHi Properties Limited (“ApexHi”) from 2006 until the merger of ApexHi, Redefine and Madison Property Fund Managers Holdings Limited in July 2009, when he was appointed as the director responsible for all aspects of the operations of the Redefine portfolio, including asset and property management. He also serves on Redefine’s executive committee; and - Mr Andrew Konig has been appointed as an Executive Director from his position as a Non- Executive Director. Mr Konig is a qualified chartered accountant with 20 years of commercial and financial experience. Mr Konig is the financial director of Redefine and serves on Redefine’s executive committee. He is responsible for all aspects of finance and supports Redefine’s chief executive officer in corporate activities, regulatory compliance, investor relations, legal and human resource management, and he is also an alternate director to Marc Wainer on Redefine International’s board. The above appointments have been approved by the Registrar of the Collective Investment Schemes. Johannesburg 5 June 2013 Sponsor The Standard Bank of South Africa Limited Date: 05/06/2013 12:52:00 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.