Trading Statement INGENUITY PROPERTY INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2000/018084/06) ISIN: ZAE 000127411 JSE share code: ING (“Ingenuity” or “the company”) TRADING STATEMENT In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period or a profit forecast previously provided for such period. In light of the above, Ingenuity expects earnings per share (“EPS”) to be between 140% to 150% higher and headline earnings per share (“HEPS”) to be between 115% and 125% higher, for the six months ended 28 February 2014 than the prior comparative period. This is due to the earnings from properties acquired as well as the recently completed development properties brought into use, contributing towards the earnings in the current period. The above information has not been reviewed or reported on by the company’s auditors and the company’s consolidated results for the six months ended 28 February 2014 are expected to be published on or about 9 May 2014. Cape Town 6 May 2014 Sponsor Nedbank Capital Date: 06/05/2014 02:50:00 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.