FREEDOM PROPERTY FUND LTD - Changes to the board of directors

Changes to the board of directors

FREEDOM PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2012/129186/06)
Share code: FDP
ISIN Code: ZAE000185260
(“Freedom” or “the Company”)

CHANGES TO THE BOARD OF DIRECTORS

In compliance with paragraph 3.59(a) of the Listings
Requirements of the JSE Limited, shareholders of the Company
are hereby advised that Dr Nakedi Mathews Phosa (“Dr Phosa”)
has been appointed as an independent non-executive director of
the Company, with effect from 11 May 2015.

Dr Phosa, an attorney by profession, opened the first black
law practice in 1981 in Nelspruit. In 1994 he was appointed as
the premier of Mpumalanga Province and in 2007 he was elected
as the Treasurer-General of the ANC, which position he held
until 2012. Dr Phosa currently serves as a director on the
boards of various listed and unlisted companies.

In line with Freedom’s vision the Board is confident that Dr
Phosa’s wealth of experience and insight will be invaluable in
executing its strategy.

The Freedom board of directors welcomes the appointment of Dr
Phosa and looks forward to his invaluable contributions.

11 May 2015
Cape Town

Sponsor
PSG Capital Proprietary Limited

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