Dealings in securities by directors and by associates of directors of Greenbay GREENBAY PROPERTIES LTD (Formerly known as Green Flash Properties Ltd) (Incorporated in the Republic of Mauritius on 14 August 2014) (Registration number C124756 C1/GBL) SEM share code: GFP.N0000 JSE share code: GRP ISIN: MU0461N00007 (“Greenbay” or “the Company”) DEALINGS IN SECURITIES BY DIRECTORS AND BY ASSOCIATES OF DIRECTORS OF GREENBAY Shareholders are advised of the following information relating to dealings in securities by directors and by associates of directors of the Company by way of subscriptions for shares in terms of the private placement undertaken by the Company on 1 June 2016 (“the private placement”): Name of associate: Boabab Consulting CC Name of director and relationship to director: Stephen Delport, who is the sole member of Boabab Consulting CC Transaction date: 1 June 2016 Class of securities: Ordinary shares Number of securities: 8 333 333 Price per security: R1.20 Total value: R9 999 999.60 Nature of transaction: Off-market subscription for shares pursuant to the private placement through the JSE Nature and extent of directors’ interest: Indirect beneficial Name of associate: Jorjo Investments (Pty) Ltd Name of director and relationship to director: Jose Jorge Goncalves Da Costa, who is a trustee and beneficiary of Jorjo Trust, which owns 100% of Jorjo Investments (Pty) Ltd Transaction date: 1 June 2016 Class of securities: Ordinary shares Number of securities: 41 666 667 Price per security: R1.20 Total value: R50 000 000.40 Nature of transaction: Off-market subscription for shares pursuant to the private placement through the JSE Nature and extent of directors’ interest: Indirect beneficial Name of associate: Tuscan Mood (Pty) Ltd Name of director and relationship to director: Jose Jorge Goncalves Da Costa, who is a trustee and beneficiary of Claudia Trust, which owns 100% of Tuscan Mood (Pty) Ltd Transaction date: 1 June 2016 Class of securities: Ordinary shares Number of securities: 4 166 667 Price per security: R1.20 Total value: R5 000 000.40 Nature of transaction: Off-market subscription for shares pursuant to the private placement through the JSE Nature and extent of directors’ interest: Indirect beneficial Name of associate: Dacos Holdings (Pty) Ltd Name of director and relationship to director: Jose Jorge Goncalves Da Costa, who is a trustee and beneficiary of Dacos Trust, which owns 100% of Dacos Holdings (Pty) Ltd Transaction date: 1 June 2016 Class of securities: Ordinary shares Number of securities: 1 250 000 Price per security: R1.20 Total value: R 1 500 000.00 Nature of transaction: Off-market subscription for shares pursuant to the private placement through the JSE Nature and extent of directors’ interest: Indirect beneficial Name of associate: Davlis Holdings (Pty) Ltd Name of director and relationship to director: Jose Jorge Goncalves Da Costa, who is a trustee and beneficiary of the Da Silva Family Trust, which owns 100% of Davlis Holdings (Pty) Ltd Transaction date: 1 June 2016 Class of securities: Ordinary shares Number of securities: 416 667 Price per security: R1.20 Total value: R 500 000.40 Nature of transaction: Off-market subscription for shares pursuant to the private placement through the JSE Nature and extent of directors’ interest: Indirect beneficial Shareholders are further advised of the following information relating to the acceptance of shares in terms of Greenbay Management Shares Incentive Loans (the “MIL”) Name of director: Stephen Delport Transaction date: 1 June 2016 Class of securities: Ordinary shares Number of securities: 25 083 612 Price per security: GBP0.052 Total value: GBP1 304 347.82 Nature of transaction: Off-market acceptance of shares, in terms of the MIL, through the SEM Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Paul May Transaction date: 1 June 2016 Class of securities: Ordinary shares Number of securities: 8 361 204 Price per security: GBP0.052 Total value: GBP434 782.61 Nature of transaction: Off-market acceptance of shares, in terms of the MIL, through the SEM Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Greenbay has its primary listing on the Stock Exchange of Mauritius and a secondary listing on the Alternative Exchange of the Johannesburg Stock Exchange. By order of the Board 7 June 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 accepts full responsibility for the accuracy of the information in this announcement. For further information please contact: JSE sponsor Java Capital +27 11 722 3050 Company Secretary Intercontinental Trust Limited +230 403 0800 Date: 07/06/2016 02:15:00 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. 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