Acquisition of an interest in a property portfolio and cautionary announcement Atlantic Leaf Properties Limited (Incorporated in the Republic of Mauritius on 11 November 2013) (Registration number: 119492 C1/GBL) SEM share code: ALPL.N0000 JSE share code: ALP ISIN: MU0422N00009 (“Atlantic Leaf” or “the company”) ACQUISTION OF AN INTEREST IN A PROPERTY PORTFOLIO AND CAUTIONARY ANNOUNCEMENT The Board of Directors of Atlantic Leaf wishes to inform shareholders and the public in general that the company has identified an opportunity to invest indirectly in fixed property assets, through the proposed acquisition of the entire issued share capital of Seahawk Investments Limited (“Seahawk”) whose registered address is at St Georges Court, Upper Church Street, Douglas, Isle of Man IM1 1EE (the “Acquisition”). Seahawk is an investment holding company which holds a 30% interest in a portfolio of 30 retail warehouse properties located in the United Kingdom, currently tenanted by Booker Group PLC (the “Booker Portfolio”). The Acquisition is in line with the company’s primary objective of investing in quality, investment grade real estate assets and companies which deliver suitable returns for investors through both income and capital growth. The Acquisition will be undertaken in two tranches: - Pursuant to the first tranche, Atlantic Leaf will acquire 60% of the issued share capital of Seahawk for a total purchase consideration of GBP 6,921,131.47 (“Tranche 1”); and - Upon completion of Tranche 1, the company will also be granted an option to acquire the remaining 40% of the issued share capital of Seahawk (“Tranche 2”). Tranche 1 is expected to be completed on or about 17 April 2014 and this transaction is categorised as a Disclosable Transaction under Chapter 13 of the Listing Rules of the Stock Exchange of Mauritius Ltd (“SEM”). In line with the relevant provisions of Chapter 13, a Disclosable Transaction Circular will be issued in due course and a summary thereof will be published accordingly. If the company elects to exercise its option to acquire Tranche 2, such acquisition will be aggregated with Tranche 1 and may be categorised as a Substantial Transaction in terms of the Listing Rules of the SEM, which would require Atlantic Leaf to seek shareholders’ approval to complete the acquisition of Tranche 2. The company will release further announcements in this regard if and when the Board of Directors decides to exercise the option to acquire Tranche 2. Shareholders and the investing public are advised to exercise caution when dealing in the shares of the company. Atlantic Leaf has its primary listing on the SEM and a secondary listing on the JSE. By Order of the Board For further information please contact: South African joint corporate advisor and JSE sponsor Java Capital +27 11 283 0042 South African joint corporate advisor Leaf Capital +27 21 657 1180 Corporate secretary Intercontinental Trust Limited +230 403 0800 16 April 2014 This notice is issued pursuant to SEM Listing Rule 11.3 and the Securities Act 2005. The Board of Directors of Atlantic Leaf Properties Limited accepts full responsibility for the accuracy of the information contained in this announcement. Date: 16/04/2014 02:30:00 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.