BALWIN PROPERTIES LIMITED - Resignation of independent non executive director

Resignation of independent non executive director

BALWIN PROPERTIES LIMITED
(previously Balwin Properties Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2003/028851/06)
Share code: BWN
ISIN: ZAE000209532
("Balwin" or "the Company")


RESIGNATION OF INDEPENDENT NON EXECUTIVE DIRECTOR

In terms of rule 3.59 of the JSE Listing Requirements, shareholders are advised that Mr R
Tomlinson has informed the Board of his intention to resign as an independent non
executive director of Balwin with effect from 31 March 2016.

Rex’s decision to resign is as a result of his wish to accept an offer to take up the opportunity
as Group Executive of Old Mutual Plc in London.

The Board of Balwin would like to thank him for his contribution to Balwin since its listing on
the JSE Limited and we extend our best wishes to him in his future endeavours.

Bedfordview
30 March 2016

Sponsor:
Investec Bank Limited

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