Dealings in securities by a director of Arrowhead 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 BY A DIRECTOR OF ARROWHEAD Mark Kaplan, Arrowhead’s chief operating officer, reduced his holdings in Arrowhead A-linked units and Arrowhead B-linked units from 5 511 210 to 5 205 210 and from 6 155 914 to 5 790 914 respectively. Linked unitholders are advised of the following information relating to such dealings: Name of director: Mark Kaplan Transaction date: 10 December 2014 Class of securities: A-Linked units Number of securities: 68 000 Price per security: R8.99 Total value of transaction: R611 320.00 Nature of transaction: On-market sale Nature and extent of interest: Direct beneficial Clearance to deal received: Yes Name of director: Mark Kaplan Transaction date: 10 December 2014 Class of securities: A-Linked units Number of securities: 238 000 Price per security: R9.00 Total value of transaction: R2 142 000.00 Nature of transaction: On-market sale Nature and extent of interest: Direct beneficial Clearance to deal received: Yes Name of director: Mark Kaplan Transaction date: 10 December 2014 Class of securities: B-Linked units Number of securities: 365 000 Highest traded price: R9.03 Weighted average price per security: R8.98837 Lowest traded price: R8.87 Total value of transaction: R3 280 753.82 Nature of transaction: On-market sale Nature and extent of interest: Direct beneficial Clearance to deal received: Yes 12 December 2014 Sponsor Java Capital Date: 12/12/2014 05:30:00 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.