Implementation of previously announced transactions in EPP shares ECHO POLSKA PROPERTIES N.V. (Incorporated in the Netherlands) (Company number 64965945) JSE share code: EPP ISIN: NL0011983374 (“EPP”) IMPLEMENTATION OF PREVIOUSLY ANNOUNCED TRANSACTIONS IN EPP SHARES As disclosed in the EPP pre-listing statement issued on 31 August 2016 (the “PLS”), each of Redefine Properties Limited (“Redefine”) and Echo Prime Assets B.V. (“Echo”) had agreed to sell 5% of the total ordinary shares in issue (as determined prior to the private placement to be effected terms of the PLS) to certain key executives of Redefine, certain of whom also constitute EPP board members. The relevant sale agreements to give effect to the aforesaid transactions (the “sale agreement/s”) were concluded prior to EPP’s shares being listed on the Johannesburg Stock Exchange (the “JSE”) and the Luxembourg Stock Exchange and have now been or are in the process of being fully implemented. Accordingly EPP considers it appropriate to notify shareholders of the following information relating to the relevant directors’ direct or indirect interest in EPP shares consequent upon the implementation of the aforesaid sale agreements. Pursuant to an agreement concluded on or about 30 August 2016 Marc Wainer and Andrew Konig are in the process of taking transfer of 10 290 584 EPP shares and 4 888 027 EPP shares, respectively, at a price of R15.55 per ordinary share and with a combined value of R236 000 022.00. The acquisition of shares was by way of an off-market purchase of shares from Redefine and is expected to be fully implemented by 15 December 2016. Each of Marc Wainer and Andrew Konig has a direct beneficial interest in the relevant EPP shares acquired. The Big Five International Limited (“Big 5”) of which the Boodle Trust has a 40% equity interest and the Rag Top Trust has a 19% equity interest, acquired 25 726 456 EPP shares at a price of €1.00 per ordinary share. Marc Wainer is a discretionary beneficiary of the Boodle Trust and Andrew Konig is a discretionary beneficiary of the Rag Top Trust and as such Big 5 constitutes an associate of Marc Wainer and Andrew Konig for JSE Listings Requirements purposes. The acquisition of shares was by way of an off-market purchase of shares from Echo was implemented on or about 1 December 2016. Marc Wainer and Andrew Konig each have an indirect non-beneficial interest in the EPP shares acquired. In accordance with the requirements of the EU Market Abuse Regulation, the notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them is set out below: 13 December 2016 JSE sponsor and Corporate Advisor Java Capital LuxSE Listing Agent M Partners More information: Magda Cieliczko, Marketing Director Echo Polska Properties, Mobile: +48 603 203 619 magda.cieliczko@echo-pp.com Java Capital, JSE Sponsor Phone: +27 11 722 3050 M Partners, Luxembourg Listing Agent Phone: +352 263 868 602 Jacques de Bie, South Africa, Investor Relations, Singular Systems IR Mobile: +27 (0)82 691 5384 Date: 13/12/2016 11:30:00 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.