Placement of 17 235 741 new 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”) PLACEMENT OF 17 235 741 NEW ATLANTIC LEAF SHARES Further to the announcement released on the Stock Exchange of Mauritius Ltd (“SEM”) and the Stock Exchange News Service (“SENS”) of the JSE Limited (“JSE”)on Thursday, 13 August 2015, wherein Atlantic Leaf announced that it had entered into a strategic relationship with Vukile Property Fund Limited (“Vukile”), the directors of Atlantic Leaf are pleased to announce that it has concluded the private placement of 16 139 668 Atlantic Leaf shares to Vukile (the “Vukile Placement”). In addition, the company has concluded a second private placement of Atlantic Leaf shares to invited participants on substantially the same terms as the Vukile Placement (the “Supplementary Placement”). The Vukile Placement and the Supplementary Placement have been concluded in accordance with the authority granted to the directors of Atlantic Leaf on 7 May 2015. Through the Vukile Placement and the Supplementary Placement, the company has successfully raised GBP18.5 million (ZAR373.9 million) through the placement of 17 235 741 new Atlantic Leaf shares (“the New Atlantic Leaf Shares”) as follows: - 16 139 668 new Atlantic Leaf shares under the Vukile Placement at approximately ZAR21.69 per share (the “Vukile Shares”), raising approximately GBP17.4 million (ZAR350.0 million) through the company’s South African share register; - 53 642 new Atlantic Leaf shares under the Supplementary Placement at ZAR22.37 per share, raising approximately GBP57 900 (ZAR1.2 million) through the company’s South African share register; and - 1 042 431 new Atlantic Leaf shares under the Supplementary Placement at GBP1.08 per share, raising approximately GBP1.1 million (ZAR22.7 million) through the company’s Mauritian share register. The proceeds raised from the Vukile Placement and the Supplementary Placement will be used to fund the purchase of property opportunities identified by management and forming part of the company’s acquisition pipeline, as well as to refinance debt facilities in place for the Booker Portfolio. The new Atlantic Leaf shares are expected to list and trade on the Alternative Exchange of the JSE (“AltX”) and the SEM from Thursday, 1 October 2015. Investors will have their CSDP and CDS accounts credited with the new Atlantic Leaf shares on or before Thursday, 1 October 2015. The New Atlantic Leaf Shares will not be eligible to receive the interim distribution, if any, declared and paid by the company for the period from 1 March 2015 to 31 August 2015 (the “Dividend Restriction”). Save for the Dividend Restriction, the new Atlantic Leaf shares will rank pari passu in all respects with existing Atlantic Leaf shares in issue. Following the issue of the New Atlantic Leaf Shares, the company will have a total of 78 806 785 shares in issue. Atlantic Leaf has its primary listing on the SEM and a secondary listing on the AltX. 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 22 September 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: 22/09/2015 10:15:00 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.