ORION REAL ESTATE LIMITED - Appointment to the Board of Directors

Appointment to the Board of Directors

ORION REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/021085/06)
Share Code: ORE ISIN: ZAE000075651
("Orion Real Estate" or “the company”)

APPOINTMENT TO THE BOARD OF DIRECTORS

Appointment of Independent Non-executive Director
The directors of Orion are pleased to announce the appointment of Mr David Andre
as an Independent Non-executive Director to the Board of the Company with effect
from 22 May 2015.

David will also be a member of the Audit and Risk Committee.

David has a BCom (Hons) (Accounting), H Dip Tax, CA (SA). He was a founding
member in 1987 of a financial service business which became Real Africa Durolink
Investment Bank Ltd (“Real Africa Durolink”).

He was the managing director of Real Africa Durolink and a director of the listed
holding company, serving also on the Investment and Credit Committees of the
group. He was instrumental in forming the Nodus group in 2004.

David has extensive corporate and structured finance experience, having initiated,
developed and implemented corporate and structured finance transactions for
listed and unlisted companies over a period of more than 25 years. He also has been
instrumental in initiating a number of private equity, mezzanine fund and leverage
buy-out initiatives.

The directors of Orion welcome David to the Board.

By order of the board
26 May 2015

SPONSOR
Arbor Capital Sponsors Proprietary Limited

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