Placing of shares for the acquisition of assets Mara Delta Property Holdings Limited (previously Delta Africa Property Holdings Limited) (Registered by continuation in the Republic of Mauritius) (Registration number: C128881 C1/GBL) SEM share code: DEL.N0000 JSE share code: MDP ISIN: MU0473N00028 (“Mara Delta” or “the Company”) PLACING OF SHARES FOR THE ACQUISITION OF ASSETS Further to the information provided in the Listing Particulars dated 4 April 2016 and in the Supplement to the Listing Particulars dated 2 December 2016, shareholders are hereby advised that Mara Delta has successfully placed 11,080,471 additional ordinary shares of no par value (“Placing Shares”) at an issue price of USD 1.54 per share (being an approximate 4.93% discount to net asset value per share of the Company as at 30 September 2016). This issue will not be dilutive to the current shareholders dividend yield. The proceeds from the Placing Shares will be used to reduce gearing and to fund the acquisition of various assets as announced to the market and in the Supplement to the Listing Particulars dated 2 December 2016. The Placing Shares will be issued through both the Mauritian and South African share registers of the Company on Friday, 9 December 2016. Subject to the approval of the JSE Limited (“JSE”), the Placing Shares will be listed on the Official Market of the Stock Exchange of Mauritius Ltd (“SEM”) and the Main Board of JSE on Friday, 9 December 2016. Following the issue of the Placing Shares, the Company will have a total of 111,787,042 shares in issue. Mara Delta has its primary listings on both the Main Board of the JSE Limited and the Official Market of the Stock Exchange of Mauritius Ltd. By order of the Board 6 December 2016 PSG Capital Proprietary Limited Perigeum Capital Ltd JSE sponsor and corporate advisor to Mara Delta SEM authorised representative and sponsor to Mara Delta Directors: Sandile Nomvete (chairman), Bronwyn Anne Corbett*, Peter Todd (lead independent), Chandra Kumar Gujadhur, Ian Macleod, Leon van de Moortele* and Jacqueline Rouxanne van Niekerk (*executive director) Company secretary: Intercontinental Fund Services Limited Registered address: c/o Intercontinental Fund Services Limited, Level 5, Alexander House, 35 Cybercity, Ebene 72201, Mauritius Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited Corporate advisor and JSE Sponsor: PSG Capital Proprietary Limited Sponsoring broker: SBM Securities Ltd SEM authorised representative and sponsor: Perigeum Capital Ltd This Notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The board of directors of the Company accepts full responsibility for the accuracy of the information contained in this communiqué. Date: 06/12/2016 02:00:00 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.