Acquisition of NFB House NVEST FINANCIAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015990/06) (“NVest” or “the group”) ISIN Code: ZAE000199865 JSE Code: NVE ANNOUNCEMENT RELATING TO THE ACQUISITION OF NFB HOUSE BY NVEST PROPERTIES LIMITED 1. Background NVest shareholders are advised that the Trustees of NFB House Trust (“the Trust”), a South African Trust with registration number IT1538/97, have sold an asset of the Trust, being NFB House, to NVest Properties Limited, a 96% owned subsidiary of NVest for a total consideration of R14 000 000 (fourteen million rand) only (“the Acquisition”). 2. Description of NFB House NFB House is a property situated at 42 Beach Road, Nahoon, East London, and it is the place of business of NVest and several of its subsidiaries. 3. Effective Date The effective date for the Acquisition will be the date of the transfer of the property and will be made against transfer. 4. Rationale for the Acquisition Rationale for the purchase by NVest Properties Limited is in terms of a wider strategy of the NVest group to, where practical and reasonable, endeavour to own and be in control of the properties from which NVest and/or its subsidiaries operate from. 5. Conditions precedent The acquisition is subject to: 5.1 a due diligence investigation by NVest Properties and NVest Properties is required to submit written notice of the outcome of such due diligence to the Trust by 10 September 2015. In the event of NVest Properties notifying the Trust that the due diligence was not to its satisfaction, the agreement related to the acquisition shall be of no further force and effect and neither party shall any claim against the other; and 5.2 NVest Properties obtaining approval in principle for Mortgage Bond Finance for a minimum of R7 000 000 (seven million rand) within 21 (twenty one) days of completion of the due diligence investigation and outcome notification. 6. Property Specific Information Property specific information is detailed below: Property Name Address Location Sector NFB House 42 Beach Road, East London Office premises Nahoon Rentable Area Weighted Average Tenant Profile Rental Per M2 953m² plus 25 parking R145.95 NVest and its subsidiaries bays 7. Classification of the transaction Mr Anthony Godwin, the Chief Executive Officer of NVest, is a Trustee and a beneficiary of the Trust with a 45% vested beneficial interest, and is considered to be a related party in terms of the JSE Listings Requirements. However, in terms of paragraph 21.11(a) of the JSE Listings Requirements, the transaction does not meet the requirements of a related party transaction, as defined, given the percentage ratio of the consideration to current market capitalisation, so a fairness opinion and shareholder approval is not required. Mr Godwin was precluded from voting on the acquisition by the NVest Board. 8. Financial Information The company has calculated an estimated value of NFB House at approximately R14 million, being the purchase consideration. The net yield of property acquired is 9.21%, with contractual net rental income in aggregate of R1 289 967 used to arrive at the calculated yield. 4 September 2015 East London Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 04/09/2015 11:59:00 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.