ASCENSION PROPERTIES LIMITED - Change to the board of directors

Change to the board of directors

ASCENSION PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/026141/06)
JSE share code: AIA  ISIN: ZAE000204566
(Approved as a REIT by the JSE)
(“Ascension” or “the company”)


CHANGE TO THE BOARD OF DIRECTORS


Shareholders are advised that Nkosi-Yawo Gugushe has been appointed as an independent non-executive director to the
board of directors of Ascension (“the board”) with effect from 23 October 2015.

Nkosi-Yawo holds a B.Com Finance degree from the University of Natal. During May 2005, he co-founded Destiny
Corporation Holdings Proprietary Limited and is currently its Chief Executive Officer. He previously worked at
Accenture as a consultant where he spent just under 4 years and in 1999 he joined “the now” Vunani Limited, where he
later served as an executive director and head of corporate finance and where he gained extensive experience in
operations management, investment banking and corporate finance, government financing and restructuring, IPO’s and
equity capital-raising.

The board welcomes Nkosi-Yawo and believes he will add significant value to Ascension.

23 October 2015


Sponsor
Java Capital

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