Results: Extraordinary general meeting re firm intention from Tradehold API to acquire a minimum of 51% of REIZ TRADEHOLD LIMITED (Registration number: 1970/009054/06) Incorporated in the Republic of South Africa JSE Share code: TDH ISIN: ZAE000152658 ("Tradehold" or “the Company”) RESULTS OF EXTRAORDINARY GENERAL MEETING IN RESPECT OF THE OFFER FROM TRADEHOLD API LIMITED TO ACQUIRE A MINIMUM OF 51% OF REAL ESTATE INVESTMENTS ZAMBIA Further to the announcements released on 7 December 2015 and 17 February 2016 respectively, in respect of the firm offer by Tradehold Africa Limited (“Tradehold Africa”), a wholly owned subsidiary of the Company, acting jointly with African Property Investments Limited (“APIL”), a Category One Global Business Company incorporated in the Republic of Mauritius, through an investment holding company, Tradehold API Limited, owned in equal proportions by Tradehold Africa and APIL, to purchase and/ or subscribe for a minimum of 51% of Real Estate Investments Zambia Plc (“REIZ”), a public company listed on the Lusaka Stock Exchange, on a fully diluted basis (the “Offer”), shareholders are informed that the resolution to authorise the Board of REIZ to issue as many ordinary shares of REIZ to Tradehold API Limited required to ensure that Tradehold API Limited’s resultant shareholding is a minimum of 51% of REIZ, after taking into consideration the ordinary shares of REIZ acquired by Tradehold API Limited in terms of the Offer, was not approved by shareholders. Due to the low probability of shareholders of REIZ holding at least 51% of the shares in the company accepting the Offeror’s offer to purchase shares in REIZ, the Offeror has exercised its option to withdraw the Offer. Further details are set out in the quoted announcement below. QUOTE At the Extraordinary General Meeting (“EGM”) of Real Estate Investments Zambia PLC (REIZ), held on Thursday 14th April 2016, at Southern Sun Ridgeway Hotel, Lusaka Shareholders considered the proposed offer by Tradehold API Limited to acquire a minimum of 51% interest in REIZ. The resolution to authorise the Board of REIZ to issue as many ordinary shares of REIZ to Tradehold API Limited required to ensure that Tradehold API Limited’s resultant shareholding is a minimum of 51% of REIZ, after taking into consideration the ordinary shares of REIZ acquired by Tradehold API Limited in terms of the Offer made to Shareholders was not approved following a poll vote of 7% for the motion and 93% against the motion. UNQUOTE Cape Town 20 April 2016 Sponsor Bravura Capital Proprietary Limited Date: 20/04/2016 01:44:00 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.