Appointment to the Board Freedom Property Fund Limited (Incorporated in the Republic of South Africa) (Registration number: 2012/129186/06) Share code: FDP ISIN: ZAE000185260 ("Freedom" or the “Company" or the “Group”) APPOINTMENT OF EXECUTIVE DIRECTOR In compliance with section 3.59 of the Listings Requirements of JSE Limited, the board of directors of Freedom (the “Board”) is pleased to announce the appointment of Mr Willem Jansen van Rensburg as an executive director of the Company with effect from Wednesday, 14 December 2016. An experienced attorney, Mr van Rensburg joined Freedom as a legal advisor to the Company in November 2014 following his role as an Associate with Du Toit-Smuts & Mathews Phosa Attorneys in Nelspruit. Prior to this Mr van Rensburg practised law for 17 years with van Rensburgs Attorneys. Following his graduation from the University of Johannesburg, receiving his B.A Law and B. Proc degrees in 1992, Mr van Rensburg joined the legal profession and has been an active member of the legal community for over 20 years. The Board welcomes Mr van Rensburg’s new role with the Company and looks forward to building on the existing support that he has offered Freedom thus far. 15 December 2016 Sponsor Bravura Capital Proprietary Limited Date: 15/12/2016 04:32:00 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.