ASCENSION PROPERTIES LIMITED - Change to the board of directors : Appointment of Financial Director

Change to the board of directors : Appointment of Financial Director

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: APPOINTMENT OF FINANCIAL DIRECTOR


Shareholders are advised that Tsundzukani Mhlanga has been appointed as the financial director of Ascension with
effect from 18 January 2016.

Tsundzukani is a qualified Chartered Accountant and holds an MBA from the University of Cape Town’s Graduate
School of Business. She completed her financial management articles (TOPP) at Edcon Holdings Limited and in 2009
joined Pembani Coal Carolina Proprietary Limited, where she held the position of finance and procurement manager.
Prior to joining Ascension, Tsundzukani was acting chief financial officer of Alexkor SOC Limited (“Alexkor”), served
on various board subcommittees, and oversaw, amongst other matters, the finance, procurement and risk management
functions of Alexkor as well as its joint venture operations.

The board of directors of Ascension welcomes Tsundzukani and believes she will add significant value to Ascension.

15 January 2016


Sponsor
Java Capital

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