Dividend declaration, changes to the board of directors of Acucap and change in year end of Acucap Acucap Properties Limited Approved as a REIT by the JSE Incorporated in the Republic of South Africa Registration number 2001/021725/06 Share code: ACP ISIN: ZAE000188660 (“Acucap”) ACUCAP DIVIDEND DECLARATION ANNOUNCEMENT, CHANGES TO THE BOARD OF DIRECTORS OF ACUCAP AND CHANGE IN YEAR-END OF ACUCAP 1. INTRODUCTION 1.1. Acucap shareholders are referred to the circular dated 15 January 2015 (the “Circular”) regarding the offer by Growthpoint Properties Limited (“Growthpoint”) to acquire all of the shares in Acucap that it does not already own, by way of a scheme of arrangement (the “Scheme”) in terms of section 114 of the Companies Act, 2008 and are also referred to the Scheme finalisation announcement dated 12 March 2015. 2. DIVIDENDS 2.1. As detailed in the Circular, Acucap will pay a cash dividend (the “Dividend”) to Acucap shareholders in respect of the period 1 October 2014 to 31 March 2015. 2.2. Notice is hereby given that the Dividend will be paid to Acucap shareholders in accordance with timelines set out in paragraph 3 below. 2.3. A finalisation announcement in respect of the Dividend will be released on SENS by no later than Friday, 10 April 2015, which finalisation announcement shall contain the amounts of the Dividend and the tax treatment thereof for Acucap shareholders. 3. SALIENT DATES AND TIMES Important dates and times in relation to the Dividend declaration are set out below: Dividend declaration date Wednesday, 1 April 2015 Finalisation date in respect of the Dividend Friday, 10 April 2015 Last day to trade in respect of the Dividend Friday, 17 April 2015 Acucap shares trade ex-Dividend from Monday, 20 April 2015 Suspension of listing of Acucap shares on the JSE from Monday, 20 April 2015 Record date for the Dividend Friday, 24 April 2015 Payment date of the Dividend Tuesday, 28 April 2015 Share certificates may not be dematerialised or rematerialised between Monday, 20 April 2015 and Friday, 24 April 2015, both days inclusive. 1 4. CHANGE IN BOARD OF DIRECTORS OF ACUCAP As disclosed in the Circular, and in accordance with the implementation agreement in respect of the Scheme, the board of directors of Acucap (“Board”) hereby advises that the following changes to the Board will take effect from Wednesday, 1 April 2015 - Name of director Position held Nature of change in Board RC Frolich Independent non-executive Resignation director ND Mandindi Independent non-executive Resignation director CB Marlow Non-executive director Resignation MS Moloko Independent non-executive Change in role * director BE Stevens Independent non-executive Resignation director NDC Whale Independent non-executive Resignation director C Kotze Financial director Resignation JH Rens Executive director Change in role * LN Sasse Executive director New appointment EK de Klerk Executive director New appointment RG Pienaar Executive director New appointment SA le Roux Executive director New appointment *Mr MS Moloko has been appointed as an alternate director to Messrs BS Kantor and FM Berkeley and Mr JH Rens has been appointed as an alternate director to Mr PA Theodosiou. The Board would like to thank those directors that have resigned for their tenure as members of the Board. Their contribution and commitment has been key to the success of Acucap. 5. CHANGE IN YEAR END In anticipation of the implementation of the Scheme, Acucap shareholders are advised that Acucap’s year-end has been changed from 31 March to 30 June in order to align its reporting timelines with those of Growthpoint. The change in year-end of Acucap is effective from the 2015 financial year. 1 April 2015 CORPORATE ADVISOR AND SPONSOR TO ACUCAP QUESTCO 2 3 Date: 01/04/2015 11:05:00 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.