Update regarding Richmond Shopping Centre Acquisition 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”) UPDATE REGARDING RICHMOND SHOPPING CENTRE ACQUISITION 1. Linked unitholders of the Company are referred to the Company’s SENS announcement dated 15 May 2014 (“the Announcement”), regarding the Richmond Shopping Centre Acquisition (“the Acquisition”) and, more specifically, paragraph 6 of the Announcement, which sets out the outstanding conditions precedent to the Acquisition. 2. Linked unitholders are advised that the Company has entered into an addendum to the agreement referred to in the Announcement, under which the Acquisition is to occur (“Addendum”). 3. Linked unitholders are advised that the deadlines for the following conditions precedent in the Announcement have been extended by the parties by means of the Addendum: 3.1. the deadline for the fulfilment of the conditions precedent specified in paragraphs 6.1 and 6.2 of the Announcement, have been extended to 30 July 2014; 3.2. the deadline for the fulfilment of the condition precedent specified in paragraph 6.3 of the Announcement, has been extended to 31 August 2014; and 3.3. the deadline for the fulfilment of the condition precedent specified in paragraph 6.4 of the Announcement, has been extended to 14 August 2014. 4. Save as set out above, the terms and other information contained in the Announcement remain unchanged. 21 July 2014 Cape Town Sponsor PSG Capital Date: 21/07/2014 05:00:00 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.