Fulfilment of conditions precedent relating to, inter alia, the proposed acquisition by Octodec of the entire issued Octodec Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1956/002868/06) Share Code: OCT ISIN Code: ZAE000005104 (“Octodec”) REIT status approved Premium Properties Limited (Incorporated in the Republic of South Africa) (Registration number 1994/003601/06) Share Code: PMM ISIN Code: ZAE000009254 (“Premium”) REIT status approved Fulfilment of conditions precedent relating to, inter alia, the proposed acquisition by Octodec of the entire issued linked unit capital of Premium that it does not already own (“the Proposed Transaction”) and the capital restructure of Octodec (“the Capital Restructure”) Octodec linked unitholders and Premium linked unitholders (collectively, “Linked Unitholders”) are referred to the announcement dated 31 July 2014 and previous announcements relating to; inter alia, the Proposed Transaction and the Capital Restructure. Linked Unitholders are advised that the Proposed Transaction was approved by the Competition Tribunal yesterday, 3 September 2014, and accordingly all the conditions precedent to the Proposed Transaction and Capital Restructure have now been fulfilled. Linked Unitholders are referred to the salient dates and times set out in the announcement dated 31 July 2014 for details of the timing of implementation of the Proposed Transaction and Capital Structure. Johannesburg 4 September 2014 Investment Bank, Corporate Adviser and Sponsor to Octodec and Premium Nedbank Capital Legal adviser to Octodec and Premium Tugendhaft Wapnick Banchetti and Partners Competition law advisers to Octodec and Premium Baker & McKenzie Date: 04/09/2014 09:32:00 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.