Approval for the issue of up to 100 000 000 additional Atlantic Leaf shares Atlantic Leaf Properties Limited (Incorporated in the Republic of Mauritius on 11 November 2013) (Registration number: 119492 C1/GBL) SEM share code: ALPL.N0000 JSE share code: ALP ISIN: MU0422N00009 (“Atlantic Leaf” or “the Company”) APPROVAL FOR THE ISSUE OF UP TO 100 000 000 ADDITIONAL ATLANTIC LEAF SHARES The Board of Directors of Atlantic Leaf, which is listed on the Official Market of the Stock Exchange of Mauritius Ltd (“SEM”) and the Alternative Exchange of the JSE Limited (“AltX”), is pleased to announce that the Listing Executive Committee of the SEM has approved on 26 May 2015, the issue and listing of up to 100 000 000 additional ordinary shares of the Company at a price per share that will not be less than the net asset value per Atlantic Leaf share at the time any such issue and listing is undertaken. The Company’s strategy, as detailed in the updated Listing Particulars dated 26 May 2015, is to invest in a portfolio of fixed property assets, which it will own either directly or through subsidiaries, and in listed and unlisted shares and securities of real estate companies. The additional capital to be raised through the issue of additional shares will be used by Atlantic Leaf to invest in accordance with the Company’s strategy and investment policy, as and when investment opportunities arise. As required by the Listing Rules of the SEM, the updated Listing Particulars of the Company, will be made available for inspection for at least 10 business days, during normal office hours (from 9 a.m. to 5 p.m. Mauritian time) at the registered office of the Company which is situated at c/o Intercontinental Trust Limited, Level 3, Alexander House, 35 Cybercity, Ebene 72201, Mauritius. The updated Listing Particulars will also be available on the Company’s website, www.atlanticleaf.mu. This announcement is not an invitation to the public to subscribe for shares in the Company and is provided for information purposes only. Atlantic Leaf has its primary listing on the SEM and a secondary listing on the JSE. By order of the board. For further information please contact: South African corporate advisor Leaf Capital +27 21 657 1180 JSE sponsor Java Capital +27 11 722 3050 Corporate secretary Intercontinental Trust Limited +230 403 0800 27 May 2015 This notice is issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The Board of Directors of Atlantic Leaf Properties Limited accepts full responsibility for the accuracy of the information contained in this announcement. Date: 27/05/2015 09:00:00 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.