Dealings in securities by associates of directors of the company ARROWHEAD PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2011/000308/06) JSE share code: AWA ISIN: ZAE000203105 (Approved as a REIT by the JSE) (“Arrowhead” or “the company”) DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS OF THE COMPANY Shareholders are advised of the following information relating to dealings in securities by associates of directors of Arrowhead: Name of associate: Suleman Family Trust Name of director and relationship to director: Imraan Suleman, who is a trustee and beneficiary of the Suleman Family Trust Transaction date: 17 November 2016 Class of securities: Ordinary shares Number of securities: 3 748 005 Price per security: R8.66 Total value of transaction: R32 457 723.30 Nature of transaction: Off-market acceptance of ordinary shares in terms of The Arrowhead Properties Limited Share Purchase and Option Scheme Nature and extent of director’s interest: Indirect beneficial Name of associate: Arrowplay Trust Name of director and relationship to director: Mark Kaplan, who is a trustee and beneficiary of the Arrowplay Trust Transaction date: 17 November 2016 Class of securities: Ordinary shares Number of securities: 3 748 005 Price per security: R8.66 Total value of transaction: R32 457 723.30 Nature of transaction: Off-market acceptance of ordinary shares in terms of The Arrowhead Properties Limited Share Purchase and Option Scheme Nature and extent of director’s interest: Indirect beneficial Name of associate: 2B Mervyn Road Proprietary Limited Name of director and relationship to director: Gerald Leissner, who is a shareholder and director of 2B Mervyn Road Proprietary Limited Transaction date: 18 November 2016 Class of securities: Ordinary shares Number of securities: 4 525 975 Price per security: R8.66 Total value of transaction: R39 194 943.50 Nature of transaction: Off-market acceptance of ordinary shares in terms of The Arrowhead Properties Limited Share Purchase and Option Scheme Nature and extent of director’s interest: Indirect beneficial 21 November 2016 Sponsor Java Capital Date: 21/11/2016 02:49:00 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.