Trading statement PUTPROP LIMITED Incorporated in the Republic of South Africa (Registration number 1988/001085/06) Share code: PPR ISIN: ZAE000072310 (“Putprop” or “the Group”) TRADING STATEMENT In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the year ended 30 June 2014 by management has indicated that the earnings per share is expected to be between 225.0 cents and 255.0 cents and the headline earnings per share is expected to be between 142.0 cents and 158.0 cents, compared to the earnings per share of 174.0 cents and the headline earnings per share of 86.8 cents for the year ended 30 June 2013. The fair value measurement of the Group’s investments in its associated companies and the accounting for this in the review period contributed significantly to this increase in earnings. The financial information on which this trading statement is based has not been reviewed or reported on by Putprop’s auditors. Putprop's financial results are expected to be released on SENS on or about 15 September 2014. Johannesburg 12 August 2014 Sponsor Merchantec Capital Date: 12/08/2014 10:20:00 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.