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”) DIVIDEND DECLARATION The board of directors of New Frontier (“the Board”) has declared a final gross dividend of 4.0 GBP pence per share for the year ended 31 August 2016. The salient dates for the dividend payment on the SEM and the JSE are set out below: 2016 Announcement of exchange rate on or before Tuesday, 1 November Last day to trade cum dividend Tuesday, 8 November Securities trade ex dividend Wednesday, 9 November Record date Friday, 11 November Payment date Wednesday, 16 November No dematerialisation or rematerialisation of share certificates, nor transfer of shares between sub-registers in Mauritius and South Africa will take place between Tuesday, 8 November 2016 and Friday, 11 November 2016. South African shareholders are advised that the dividend will be regarded as a foreign dividend and may be subject to South African dividends withholding tax at a rate of 15%, unless an exemption as set out in the South African tax legislation applies. The receipt of the cash dividend may have tax implications for shareholders who are resident in Mauritius or other countries other than South Africa. New Frontier shareholders are advised to consult their professional advisors regarding the tax consequence of the dividend should they be in any doubt as to the appropriate action they should take. Shareholders on the South African register will receive the dividend in South African Rand, based on the exchange rate to be obtained on or before Tuesday, 1 November 2016. Further information relating to the proportion of the dividend to be paid as a property income distribution (“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 Tuesday, 1 November 2016. New Frontier has a dual primary listing on the Stock Exchange of Mauritius Ltd (“SEM”) and the Alternative Exchange of the JSE (“JSE”) By order of the Board 17 October 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: 17/10/2016 02:31:00 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.