Dividend Declaration New Frontier Properties Ltd (Incorporated in the Republic of Mauritius on 5 June 2014) (Registration number 123368C1/GBL) SEM share code: NFP.N000 JSE share code: NFP ISIN: MU0453N00004 (“New Frontier” or “the Company”) DIVIDEND DECLARATION The board of directors of New Frontier (“the Board”) has declared a dividend of 3.6 GBP pence per share for the period ended 29 February 2016. The salient dates for the dividend are set out below: Announcement of exchange rate Wednesday, 20 April 2016 Last day to trade cum dividend (JSE) Thursday, 28 April 2016 Securities trade ex dividend (JSE) Friday, 29 April 2016 Last day to trade cum dividend (SEM) Tuesday, 3 May 2016 Securities trade ex dividend (SEM) Wednesday, 4 May 2016 Record date (JSE and SEM) Friday, 6 May 2016 Payment date Monday, 9 May 2016 No dematerialisation or rematerialisation of share certificates, nor transfer of shares between sub-registers in Mauritius and South Africa will take place between Friday, 29 April 2016 and Friday, 6 May 2016. Shareholders on the South African sub-register will receive dividends in South African Rand, based on the exchange rate to be obtained by the Group on or before Wednesday, 20 April 2016. Further information relating to the proportion of the dividend to be paid as a PID and the dividend tax to be withheld from shareholders on the South African register will be announced separately, together with the exchange rate announcement on or before 20 April 2016. New Frontier has its primary listing on the SEM and a secondary listing on the Alternative Exchange of the JSE. By order of the board 12 April 2016 This notice is issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The Board of New Frontier Properties Ltd accepts full responsibility for the accuracy of the information in this notice For further information please contact: JSE sponsor Java Capital +27 11 722 3050 Company secretary Osiris Corporate Solutions (Mauritius) Ltd +230 650 4030 Date: 12/04/2016 10:35:00 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.