Appointment of new directors and resignation from the board of directors 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”) APPOINTMENT OF NEW DIRECTORS In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited (“JSE”), linked unitholders of the Company are hereby advised that Mr Ndabezinhle Mkhize (“Ndabe”) and Adv. Jacob Daniel Wiese (“Jacob”) were on Monday, 2 June 2014 appointed as independent non-executive directors of the Company with immediate effect. Ndabe holds a BSc (Actuarial Science) degree from UCT and the designations of Chartered Financial Analyst and Chartered Alternative Investment Analyst. His experience includes positions at Old Mutual, Prudential Portfolio Managers, Coronation Fund Managers and STANLIB Asset Management. Recently, Ndabe accepted a broader investment role as Deputy Chief Investment Officer of the Eskom Pension & Provident Fund. Jacob holds a BA (Value & Policy studies) degree from the University of Stellenbosch, a Master’s degree in International Economics and Management from Universita Commerciale Luigi Bocconi in Italy and an LLB degree from the University of Cape Town. In 2009 Jacob completed his pupilage at the Cape Bar and was admitted as an Advocate of the High Court. Jacob serves as a non-executive director of Pepkor Holdings, Invicta Holdings, Digicore Holdings and Premier Foods and an alternate director of Shoprite Holdings and Tradehold and is involved with the management of Lourensford Wine Estate, one of South Africa’s largest and most prestigious wine farms. The Fairvest board welcomes the appointment of Ndabe and Jacob and looks forward to their contributions to the Company. RESIGNATION FROM THE BOARD OF DIRECTORS OF THE COMPANY In accordance with paragraph 3.59 of the Listings Requirements of the JSE, linked unitholders of the Company are hereby advised that Mr Pieter van der Merwe (“Pieter”) has resigned as lead independent non-executive director of Fairvest with effect from 2 June 2014. The Fairvest board wishes to thank Pieter for his valuable contribution during his tenure as an independent non-executive director of the Company and bids him well with his future endeavours. Linked unitholders are advised that Mr Louis Andrag, an independent non-executive director of the Company, has been appointed as the new lead independent director of Fairvest with immediate effect. 3 June 2014 Cape Town Sponsor: PSG Capital Date: 03/06/2014 01:00:00 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.