Dealings in securities by directors and associates of directors of Greenbay GREENBAY PROPERTIES LTD (Formerly known as Green Flash Properties Ltd) (Incorporated in the Republic of Mauritius on 14 August 2014) (Registration number C124756 C1/GBL) SEM share code: GFP.N0000 JSE share code: GRP ISIN: MU0461N00007 (“Greenbay” or “the company”) DEALINGS IN SECURITIES BY DIRECTORS AND ASSOCIATES OF DIRECTORS OF GREENBAY Shareholders are advised of the following information relating to dealings in securities by directors and associates of directors of Greenbay pursuant to the election to receive a scrip dividend in accordance with the circular issued to shareholders on 11 November 2016: Name of director: Stephen Delport Transaction date: 6 December 2016 Class of securities: Ordinary shares Number of securities: 307 131 Price per security: GBP0.0822 Total value: GBP25 246.17 Nature of transaction: Receipt of shares on the company’s Mauritian register pursuant to an election to receive a scrip dividend Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: Boabab Consulting CC Name of director and relationship to director: Stephen Delport, who is the sole member of Boabab Consulting CC Transaction date: 6 December 2016 Class of securities: Ordinary shares Number of securities: 142 960 Price per security: ZAR1.46 Total value: ZAR208 721.60 Nature of transaction: Receipt of shares on the company’s South African register pursuant to an election to receive a scrip dividend Nature and extent of director’s interest: Indirect beneficial Name of associate: Ulrich Delport Name of director Stephen Delport Relationship to director: Son Transaction date: 6 December 2016 Class of securities: Ordinary shares Number of securities: 122 Price per security: ZAR1.46 Total value: ZAR178.12 Nature of transaction: Receipt of shares on the company’s South African register pursuant to an election to receive a scrip dividend Nature and extent of director’s interest: Not applicable Name of associate: Stefani Delport Name of director: Stephen Delport Relationship to director: Daughter Transaction date: 6 December 2016 Class of securities: Ordinary shares Number of securities: 122 Price per security: ZAR1.46 Total value: ZAR178.12 Nature of transaction: Receipt of shares on the company’s South African register pursuant to an election to receive a scrip dividend Nature and extent of director’s interest: Not applicable Name of director: Paul May Transaction date: 6 December 2016 Class of securities: Ordinary shares Number of securities: 101 614 Price per security: GBP0.0822 Total value: GBP8 352.67 Nature of transaction: Receipt of shares on the company’s Mauritian register pursuant to an election to receive a scrip dividend Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Terry Warren Transaction date: 6 December 2016 Class of securities: Ordinary shares Number of securities: 12 659 Price per security: ZAR1.46 Total value: ZAR18 482.14 Nature of transaction: Receipt of shares on the company’s South African register pursuant to an election to receive a scrip dividend Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: The Thistle Trust Name of director and relationship to director: Mark Olivier, who is a beneficiary of The Thistle Trust Transaction date: 6 December 2016 Class of securities: Ordinary shares Number of securities: 14 432 Price per security: GBP0.0822 Total value: GBP1 186.31 Nature of transaction: Receipt of shares on the company’s Mauritian register pursuant to an election to receive a scrip dividend Nature and extent of director’s interest: Indirect beneficial *based on the exchange rate of GBP1.00:ZAR17.7616 as set out in the announcement released on SENS and on the website of the Stock Exchange of Mauritius Ltd (“SEM”) on 18 November 2016. Greenbay has its primary listing on the Stock Exchange of Mauritius and a secondary listing on the Alternative Exchange of the Johannesburg Stock Exchange. By order of the Board 8 December 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 accepts full responsibility for the accuracy of the information in this announcement. For further information please contact: JSE sponsor Java Capital Tel: +27 11 722 3050 SEM authorised representative and sponsor Perigeum Capital Tel: +230 402 0890 Company Secretary Intercontinental Trust Ltd Tel: +230 403 0800 Date: 08/12/2016 10:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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