Posting of dividend election circular to Octodec shareholders OCTODEC INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1956/002868/06) JSE share code: OCT ISIN: ZAE000192258 (Approved as a REIT by the JSE) (“Octodec” or “the company”) POSTING OF DIVIDEND ELECTION CIRCULAR TO OCTODEC SHAREHOLDERS Shareholders are referred to the announcement accompanying Octodec’s final results for the year ended 31 August 2016, released on SENS on 31 October 2016. Shareholders were advised that the directors of Octodec have declared a cash dividend of 103.1 cents per Octodec ordinary share of no par value for the six months ended 31 August 2016 and that shareholders have been provided with the election to reinvest the cash dividend in return for Octodec shares (the “share reinvestment alternative”). The circular relating to the share reinvestment alternative has been issued to Octodec shareholders. Copies of the circular may be obtained from the registered offices of Octodec, CPA House, 101 Du Toit Street, Pretoria, 0002 during normal business hours. The circular will also be available in electronic format on the company’s website at www.octodec.co.za. 2 November 2016 Corporate advisor and sponsor Java Capital Date: 02/11/2016 05:07:00 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.