Acquisition of 70% interest in Warsaw Retail Development ECHO POLSKA PROPERTIES N.V. (Incorporated in the Netherlands) (Company number 64965945) JSE share code: EPP ISIN: NL0011983374 (“EPP” or “the company”) Acquisition of 70% interest in Warsaw Retail Development Shareholders are referred to the announcement released on 4 October 2016, wherein they were advised of the conclusion of a formal agreement relating to the acquisition by EPP of a 70% interest in a special purpose vehicle that owns the 22 Towarowa Street property, on which a retail development will be undertaken, as previously disclosed in the company’s prospectus and pre-listing statement published in August 2016 (the “Towarowa acquisition”). Shareholders are advised that all outstanding conditions precedent have now been fulfilled and the Towarowa acquisition was accordingly completed today, 23 December 2016. 23 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: 23/12/2016 12:30:00 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.