TRP121: Notification of acquisition of beneficial interest in securities ARROWHEAD PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2011/000308/06) JSE share code: AWA ISIN: ZAE000158101 JSE share code: AWB ISIN: ZAE000158119 (Approved as a REIT by the JSE) (“Arrowhead”) TRP121: NOTIFICATION OF ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES In compliance with section 122(3)(b) of the Companies Act 71 of 2008 (“the Companies Act”) and Regulation 121(2)(b) of the Companies Act Regulations 2011, linked unitholders are advised that Arrowhead has received notification from: - Investec Fund Managers SA (RF) (Pty) Ltd (“Investec Fund Managers SA”) of the acquisition by Investec Fund Managers SA of that number of B-linked units in Arrowhead, such that Investec Fund Managers SA’s total beneficial interest has increased from 3.92% to 6.48% of Arrowhead’s issued B- linked units; and - Investec Limited (“Investec”) of the acquisition by Investec of that number of A-linked units and B-linked units in Arrowhead, such that Investec’s total beneficial interest has increased from 3.1691% to 9.6619% of Arrowhead’s issued A-linked units and from 11.8555% to 18.3491% of Arrowhead’s issued B-linked units. 28 March 2014 Sponsor Java Capital Date: 28/03/2014 03:51:00 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.