Acquisition Agreement lapsed, renewal of cautionary announcement 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”) ACQUISITION AGREEMENT LAPSED, RENEWAL OF CAUTIONARY ANNOUNCEMENT ACQUISITION AGREEMENT LAPSED 1. Linked unitholders are referred to the Company’s SENS announcement on 14 November 2013 (“Transaction Announcement”), in which it advised linked unitholders that the Company had entered into an agreement (“Acquisition Agreement”) with Old Mutual Life Assurance Company (South Africa) Limited (“Old Mutual”) to acquire from Old Mutual a portfolio of retail properties and the associated rental enterprise (“Acquisition Portfolio”), as detailed in that announcement(“Old Mutual Acquisition”). 2. As indicated in the Transaction Announcement, the Old Mutual Acquisition is subject to the fulfilment of various conditions precedent, including confirmation by the Company that it has completed a due diligence investigation in connection with the Acquisition Portfolio to its satisfaction (“Due Diligence CP”). 3. Certain matters were identified by the Company during the due diligence investigation as being potentially material to the Old Mutual Acquisition. As a result, the Company has not to date confirmed fulfilment of the Due Diligence CP. 4. Linked unitholders are advised that, whereas the deadline specified in the Transaction Announcement for fulfilment of the Due Diligence CP has expired without the Due Diligence CP being fulfilled, the Acquisition Agreement has lapsed. 5. The Company currently remains in discussion with Old Mutual regarding the possible reinstatement of the Acquisition Agreement upon revised terms. RENEWAL OF CAUTIONARY ANNOUNCEMENT 6. Linked unitholders are referred to the cautionary announcement contained in the Transaction Announcement, as renewed by the Company in its subsequent announcement dated 24 December 2013. 7. The Company’s further discussions with Old Mutual may result in the reinstatement of the Acquisition Agreement, the revised terms of which may have a material effect on the price of the Company’s securities. Accordingly, linked unitholders are advised to continue exercising caution when dealing in the Company’s securities, until such time as a further announcement is made in respect of the outcome of such further discussions. 16 January 2014 Cape Town Sponsor and Corporate Advisor: PSG Capital Date: 16/01/2014 05:30:00 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.