Results of a resolution of Ascension A shareholders in terms of section 60 of the Companies Act, 2008 ASCENSION PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/026141/06) JSE share code: AIA ISIN: ZAE000204566 (Approved as a REIT by the JSE) (“Ascension” or “the company”) RESULTS OF A RESOLUTION OF ASCENSION A SHAREHOLDERS IN TERMS OF SECTION 60 OF THE COMPANIES ACT, 2008 Ascension A shareholders are referred to the announcement released on SENS on 21 November 2016 regarding the ordinary resolution of A shareholders authorising the company to issue A ordinary shares in terms of the general authority to issue shares for cash approved at the annual general meeting of Ascension shareholders held on 9 December 2015 (the “ordinary resolution”). A shareholders are advised that the ordinary resolution has been approved and adopted by the company in terms of section 60(2) of the Companies Act, 71 of 2008 (the “Act”). The voting results were as follows: % of A shares voted* relative to Number of A shares in For Against Abstained Resolution proposed shares voted* issue** (%)*** (%)*** (%) *** A ordinary resolution – Approval to issue authorised but unissued A ordinary shares in terms of section 126 of the 190 361 445 2 765 713 Companies Act 193 127 158 59.01% (98.57%) (1.43%) - * Including abstentions; ** Based on the number of A shares in issue (excluding treasury shares) as at the applicable record date, being 11 November 2016 (the “record date”); *** In relation to the total number of A shares in issue (excluding treasury shares) as at the record date. Ascension will deliver a statement in accordance with section 60(4) of the Act to A shareholders in due course. 3 January 2017 Sponsor Java Capital Date: 03/01/2017 03:45:00 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.