NEW FRONTIER PROPERTIES LIMITED - Changes to the board of directors

Changes to the board of directors

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”)


CHANGES TO THE BOARD OF DIRECTORS


Shareholders are advised that Mr Hendrik Barnhoorn has resigned from the board, effective as at
22 June 2015. The board wishes to thank Mr Barnhoorn for his valuable contribution to the Company.

Shareholders are advised that the following directors have been appointed to the board, effective as at
22 June 2015:

-      Catherine McIlraith has been appointed as an independent non-executive director. Catherine is a
       Mauritian citizen and holds a Bachelor of Accountancy degree from the University of the
       Witwatersrand, Johannesburg, South Africa and has been a member of the South African Institute of
       Chartered Accountants since 1992. She served her Articles at Ernst & Young in Johannesburg. She
       then joined the Investment Banking industry and has held senior positions in corporate and specialized
       finance for Ridge Corporate Finance, BoE NatWest and BoE Merchant Bank in Johannesburg. She
       returned to Mauritius in 2004 to join Investec Bank where she was Head of Banking until 2010.
       Catherine is a Fellow Member of the Mauritius Institute of Directors (“MIoD”). She is an independent
       non-executive director and a member of various committees of a number of public and private
       companies in Mauritius including AfrAsia Bank Limited, CIEL Limited, Les Gaz Industriels Limited.
       She is also the chairperson of the MIoD since October 2014.

-      Tinesh Ramprusad has been appointed as a non-executive director. Tinesh has over 12 years’
       experience in the field of taxation, auditing and accounting for both domestic and global business
       companies. He is a Fellow member of the Association of Chartered Certified Accountants, UK, and he
       is also licensed practitioner in Mauritius. He has extensive experience in the area of IFRS and in
       various business sectors including the services, construction, insurance, manufacturing, agriculture and
       the global businesses.

New Frontier has its primary listing on the SEM and a secondary listing on the Alternative Exchange of the
JSE.

By order of the board


24 June 2015


This notice is issued pursuant to SEM Listing Rules 11.3. The Board of New Frontier Properties Ltd accepts full responsibility for
the accuracy of the information in this notice

For further information please contact:

JSE sponsor
Java Capital                                     +27 11 722 3050

Company secretary
Osiris Corporate Solutions (Mauritius) Ltd       +230 650 4030

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