Changes to the board of directors 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”) CHANGE TO THE BOARD OF DIRECTORS Shareholders of the Company are hereby advised that Ms Tsundzukani Mhlanga has resigned as the financial director of the Company and will serve her notice period until end of October 2016. She will be pursuing other opportunities. The board wishes to thank her for her valued contributions during her tenure as financial director of the Company. Shareholders are further advised that Mr Sanjay Chiboo has been appointed as the new financial director of the company. Mr Chiboo is a qualified Chartered Accountant with a wealth of experience in the finance function, tax and governance matters having previously served as the Chief Financial Officer of Merrill Lynch South Africa and has been part of the group for the last 12 months. Mr Chiboo’s appointment as financial director of the Company will take effect from 31 October 2016, concurrently with Ms Mhlanga’s resignation. The board welcomes Sanjay and believes he will add significant value to Ascension. 14 September 2016 Sponsor Java Capital Date: 14/09/2016 05:45:00 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.