Results Announcement For The Cash Distribution With The Election To Reinvest SAFARI INVESTMENTS RSA LIMITED (Incorporated in the Republic of South Africa) (Registration number 2000/015002/06) Approved as a REIT by the JSE Limited Share code: SAR ISIN: ZAE000188280 (“Safari” or “the Company”) RESULTS ANNOUNCEMENT FOR THE CASH DISTRIBUTION WITH THE ELECTION TO REINVEST Shareholders are referred to the SENS announcement dated 7 November 2014 whereby shareholders were advised that Safari had declared a gross cash distribution of 34 cents per share with the election to reinvest the cash distribution in return for Safari shares in the ratio of 4.25 new Safari shares for every 100 Safari shares held (“Share Alternative”). Shareholders are hereby advised that the closing date for the Share Alternative was Friday, 5 December 2014. Accordingly, the table below sets out the results of the distribution and the number of shareholders who have elected to receive the Share Alternative: Number of Safari shares held Number of new Safari shares by shareholders to be issued Cash dividend 115 806 853 - Share Alternative election 54 193 147 2 282 443 Total 170 000 000 2 282 443 Accordingly, 2 282 443 new shares in Safari have been issued to shareholders that have elected to receive the Share Alternative. Share certificates in respect of the Share Alternative will be posted out to certificated shareholders on or about Monday, 8 December 2014, and EFT payments or cheques in respect of the cash dividend are in the process of being processed. The CSDP / broker accounts of shareholders holding dematerialised shares have been updated and are in process of being credited, according to the elections made. An adjustment to the maximum number of Share Alternative shares listed will be made on or about Wednesday, 10 December 2014. 8 December 2014 Pretoria Sponsor PSG Capital Date: 08/12/2014 08:40:00 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.