Trading Statement BONATLA PROPERTY HOLDINGS LIMITED (Registration number 1996/014533/06) Share code: BNT ISIN: ZAE000013694 (”Bonatla” or “the Company”) TRADING STATEMENT In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg Stock Exchange (“JSE”), listed companies are required to publish a trading statement as soon they become reasonably certain that the financial results for the period to be reported on will differ by at least 20% from those of the previous corresponding period. Shareholders are advised to note that the Company changed its financial year end from 31 December to 31 March. The latest published results were for the year ended 31 December 2013. Shareholders are advised that Bonatla’s loss per share for the year fifteen months ended 31 March 2015 is expected to be -5.93 cents, being 25.9% lower compared to the loss per share of -4.71 cents for the period ended 31 December 2013. The headline loss per share will be within 20% of the prior period comparative headline loss per share. The financial information on which this trading statement is based has not been reviewed or audited by the Company’s auditors, Nolands Inc. By order of the board 8 July 2016 SPONSOR Arbor Capital Sponsors Proprietary Limited Date: 08/07/2016 01:30:00 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.