Changes to the board of directors FOUNTAINHEAD PROPERTY TRUST (A Collective Investment Scheme in property registered in terms of the Collective Investment Schemes Control Act No. 45 of 2002 and managed by Fountainhead Property Trust Management Limited) (“the Manager”) (Registration number 1983/003324/06) JSE share code: FPT ISIN: ZAE000097416 (Approved as a REIT by the JSE) (“Fountainhead” or “the Trust”) CHANGES TO THE BOARD OF DIRECTORS Unitholders are advised that, subject to the approval of the Financial Services Board (“FSB”), Len van Niekerk has resigned as Chief Executive Officer and Andrew Konig, currently an executive director of Fountainhead, has been appointed as the Chief Executive Officer of Fountainhead with effect from 30 November 2014. Unitholders are further advised that, subject to FSB approval, Lesley Dukes CA (SA) has been appointed as Financial Director of Fountainhead with effect from 28 October 2014. Lesley completed her articles at Grant Thornton in 2006 and practiced as audit manager before joining Redefine as group financial manager in 2010 after which she was promoted to head of finance in 2013. The board of directors wishes to thank Len for his assistance in formulating and implementing a strategy that will create long-term value for Fountainhead unitholders and wishes him all the best for the future. 28 October 2014 Sponsor Java Capital Date: 28/10/2014 05:45:00 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.