Intended acquisition of Redefine Properties Limited's Government property portfolio and cautionary announcement Delta Property Fund Limited (Incorporated in the Republic of South Africa) (Registration number 2002/005129/06) Share code: DLT ISIN: ZAE000194049 (“Delta” or “the Company”) REIT status approved INTENDED ACQUISITION OF REDEFINE PROPERTIES LIMITED’S (“REDEFINE”) GOVERNMENT PROPERTY PORTFOLIO AND CAUTIONARY ANNOUNCEMENT 1. Intended acquisition of Redefine’s government property portfolio Delta shareholders are advised that Delta is in advanced discussions with Redefine to acquire its government property portfolio. It is envisaged that the purchase consideration payable to Redefine will equate to a yield significantly in excess of Delta’s current traded yield and will be wholly settled through the issue of Delta shares to Redefine, which will have a positive effect on Delta’s current loan to value. An announcement containing full details of the intended acquisition will be published once the terms have been agreed. 2. Cautionary announcement In light of the above, Delta shareholders are advised to exercise caution when dealing in the Company’s securities until a further announcement is made. 5 November 2015 Johannesburg Investment bank and sponsor Nedbank CIB Date: 05/11/2015 12:30:00 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.