Shoprite Heidelberg Acquisition not proceeding Fairvest Property Holdings Limited Incorporated in the Republic of South Africa (Registration number: 1998/005011/06) Share code: FVT ISIN: ZAE000203808 (Approved as a REIT by the JSE) (“Fairvest” or “the Company”) SHOPRITE HEIDELBERG ACQUISITION NOT PROCEEDING Shareholders are referred to the Company’s SENS announcement dated 19 January 2016 (“Acquisition Announcement”), regarding the conclusion of an agreement (“Acquisition Agreement”) to acquire the shopping centre more commonly known as Shoprite Heidelberg (“the Acquisition”). As indicated in the Acquisition Announcement, the Acquisition was subject to the fulfilment of certain conditions precedent, including a due diligence investigation by Fairvest. Shareholders are advised that matters subsequently identified by Fairvest during the due diligence investigation necessitated an adjustment to the terms of the Acquisition. Fairvest was unable to conclude an adjustment with Vilhas Property CC and the condition precedent detailed in paragraph 6.1.1 of the Acquisition Announcement has therefore not been fulfilled, meaning that the Acquisition Agreement has lapsed. Accordingly, Fairvest will not be proceeding with the Acquisition. 22 February 2016 Cape Town Sponsor PSG Capital Proprietary Limited Date: 22/02/2016 01:00:00 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.