Dealings in securities ARROWHEAD PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2011/000308/06) JSE share code: AWA ISIN: ZAE000158101 JSE share code: AWB ISIN: ZAE000158119 (Approved as a REIT by the JSE) (“Arrowhead”) DEALINGS IN SECURITIES On 29 April 2013 the Arrowhead Charitable Trust (“the trust”) purchased 9 000 000 Arrowhead A-linked units and 9 000 000 Arrowhead B-linked units with the intention of disposing of these units at a profit to create a capital base from which donations would be made to charities in the areas where Arrowhead is invested. The sale transactions by the trust as set out below relate to these units. Name of party: Arrowhead Charitable Trust Transaction date: 11 November 2014 Class of securities: A-linked units Number of securities: 7 600 000 Highest traded price: R8.20 Weighted average price per security: R8.1013 Lowest traded price: R8.08 Total value of transaction: R61 569 880.00 Nature of transaction: On-market sale Name of party: Arrowhead Charitable Trust Transaction date: 11 November 2014 Class of securities: B-linked units Number of securities: 7 300 000 Price per security: R8.10 Total value of transaction: R59 130 000.00 Nature of transaction: On-market sale Name of party: Arrowhead Charitable Trust Transaction date: 12 November 2014 Class of securities: A-linked units Number of securities: 1 000 000 Price per security: R8.13 Total value of transaction: R8 130 000.00 Nature of transaction: On-market sale Name of party: Arrowhead Charitable Trust Transaction date: 12 November 2014 Class of securities: B-linked units Number of securities: 1 300 000 Price per security: R8.13 Total value of transaction: R10 569 000 Nature of transaction: On-market sale Linked unitholders are advised of the following information relating to dealings in securities by a director and by an associate of a director of Arrowhead: Name of director: Gerald Leissner Transaction date: 12 November 2014 Class of securities: A-linked units Number of securities: 147 238 Highest traded price: R8.26 Weighted average price per security: R8.1507 Lowest traded price: R8.13 Total value of transaction: R1 200 092.77 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: ApexHi Charitable Trust Name of director and relationship to director: Gerald Leissner and Taffy Adler, who are trustees of the ApexHi Charitable Trust Transaction date: 11 November 2014 Class of securities: A-linked units Number of securities: 1 500 000 Price per security: R8.10 Total value of transaction: R12 150 000.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: Indirect non-beneficial Name of associate: ApexHi Charitable Trust Name of director and relationship to director: Gerald Leissner and Taffy Adler, who are trustees of the ApexHi Charitable Trust Transaction date: 11 November 2014 Class of securities: B-linked units Number of securities: 1 500 000 Price per security: R8.10 Total value of transaction: R12 150 000.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: Indirect non-beneficial 17 November 2014 Sponsor Java Capital Date: 17/11/2014 11:15:00 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.