Acquisition of UK retail property 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”) ACQUISITION OF UK RETAIL PROPERTY The board of directors of New Frontier is pleased to announce that the Company has acquired the retail shopping centre known as Houndshill Shopping Centre located in Blackpool, United Kingdom from a third party vendor, for an approximate aggregate consideration of £105 million (“Acquisition”). Houndshill Shopping Centre is a modern, fully covered shopping centre and is the dominant centre in Blackpool. Blackpool is a popular seaside location, with approximately 13 million visitors a year. Houndshill Shopping Centre comprises 302,339 sq ft, with 65 retail units and 750 car parking spaces. The centre is anchored by Debenhams, with other major retailers including New Look, River Island, Next and H&M. Approximately 77% of the income is secured against national tenants, including those mentioned above, and the Weighted Average Unexpired Lease Term is 8.5 years. The centre offers a number of asset management opportunities. The Acquisition will be funded through a combination of debt funding, in the sum of approximately £59.7 million, which has been secured from Deutsche Pfandbriefbank AG in the United Kingdom, and equity funding through the proceeds of the recent private placement of New Frontier shares. The Acquisition constitutes an undertaking in the ordinary course of business of New Frontier and therefore does not fall under the scope of Chapter 13 of the SEM Listing Rules requiring a publication of a circular or shareholder approval. New Frontier has its primary listing on the SEM and a secondary listing on the Alternative Exchange of the JSE. JSE sponsor Java Capital +27 11 722 3050 Company secretary Osiris Corporate Solutions (Mauritius) Limited +230 650 4030 28 September 2015 This announcement is issued pursuant to SEM Listing Rules 11.3 and the Securities Act 2005 of Mauritius. The board of directors of New Frontier Properties Ltd accepts full responsibility for the accuracy of the information contained in this announcement. Date: 28/09/2015 09:19:00 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.