Further cautionary in respect of the relisting of the Ascension B shares and cautionary in respect of acquisition 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”) FURTHER CAUTIONARY ANNOUNCEMENT IN RESPECT OF THE RELISTING OF THE ASCENSION B SHARES AND CAUTIONARY ANNOUNCEMENT IN RESPECT OF ACQUISITION Further to the cautionary announcements released on SENS in respect of the relisting of the Ascension B shares and the proposed acquisitions, the last of which was released on SENS on 17 February 2016, Ascension A shareholders are advised that the company has received in principle approval from the JSE for the relisting of the Ascension B shares in the Diversified REITs sector of the JSE once the company has achieved a sufficient shareholder spread in Ascension’s B shares. Ascension remains in the advanced stages of negotiation with Mutodo Properties Proprietary Limited to acquire a property letting enterprise (together with the property situated at 66 Jorissen Street, Johannesburg), which acquisition, should same be agreed, may have a material effect on the price of the company’s securities. The acquisition also is intended to facilitate Ascension achieving sufficient shareholder spread in Ascension’s B shares in order to relist the Ascension B shares. The acquisition will constitute a category 2 transaction for the purposes of the JSE Listings Requirements. Upon binding transaction agreements being executed a full announcement regarding the acquisition will be made. Ascension A shareholders are advised to continue to exercise caution when dealing in the company’s securities until a further announcement in this regard is made. 5 April 2016 Sponsor Java Capital Date: 05/04/2016 01:50:00 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.