Results of the SA Private Placement of New Frontier shares and listing on the Alternative Exchange of the JSE New Frontier Properties Ltd (Incorporated in the Republic of Mauritius on 5 June 2014) (Registration number 123368C1/GBL) SEM share code: NFP.N000 JSE share code: NFP ISIN: MU0453N00004 (“New Frontier” or “the company”) RESULTS OF THE SA PRIVATE PLACEMENT OF NEW FRONTIER SHARES AND LISTING ON THE ALTERNATIVE EXCHANGE OF THE JSE Investors are referred to New Frontier’s pre-listing statement issued on 13 January 2015 (“the pre-listing statement”) and to the announcement released on SENS on 13 January 2015, which included the company’s abridged pre-listing statement, detailing the issue by way of private placement (“the SA private placement”) of New Frontier shares and the subsequent listing of all of the company’s issued shares on the Alternative Exchange (“AltX”) of the JSE. New Frontier has successfully raised an aggregate amount of ZAR1.45 million through the SA private placement as further detailed below. New Frontier placed 126 020 of its shares with invited investors under the SA private placement at an issue price payable in Rand which is equivalent to USD1.00 per share determined at the USD:ZAR exchange rate of USD1.00:ZAR11.5059 on Thursday, 15 January 2015. Successful applicants under the SA private placement will be advised of their allocation of New Frontier shares by no later than Friday, 16 January 2015. The allocated New Frontier shares will be transferred to successful applicants on a ‘delivery-versus-payment’ basis on the date of listing being Wednesday, 21 January 2015. Accordingly a total of 1 064 756 New Frontier shares will be listed on the AltX with effect from the commencement of trade on the JSE on Wednesday, 21 January 2015. New Frontier shares will trade on the JSE under the abbreviated name: “Frontier”, JSE share code: “NFP” and ISIN: MU0453N00004. Subsequent to New Frontier’s listing on the JSE, it is the company’s intention to continue to grow its portfolio of assets within the near to medium term and to the extent that it is economically appropriate, the company will fund future acquisitions through equity capital and in so doing will use its best endeavours to increase the spread of public shareholders. New Frontier has its primary listing on the Stock Exchange of Mauritius and a secondary listing on the AltX of JSE. South African corporate advisor and JSE sponsor Java Capital +27 11 283 0042 19 January 2015 This communique has been issued pursuant to the pre-listing statement and Listing Rules 11.3 and 11.5 of the Stock Exchange of Mauritius Ltd. The Board of Directors of New Frontier Properties Ltd accepts full responsibility for the accuracy of the information contained in this Notice. Date: 19/01/2015 02:41:00 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.