GEMGROW PROPERTIES LIMITED - Change to the board of directors

Change to the board of directors

GEMGROW PROPERTIES LIMITED
(previously Synergy Income Fund Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2007/032604/06)
JSE share code: GPA ISIN: ZAE0000223269
JSE share code: GPB ISIN: ZAE0000223277
(Granted REIT status with the JSE)
(“Gemgrow” or “the company”)


CHANGE TO THE BOARD OF DIRECTORS


Shareholders are advised that Arnold Basserabie has been appointed to the board of directors as an
independent non-executive director with immediate effect.

Arnold Basserabie was employed by the Fedsure Financial Services Group (“the Group”) from the time of
his graduation from the University of the Witwatersrand with a BSc in Maths and Statistics, until the Group
was sold in 2001. Arnold was the Group Chief Executive Officer from 1988 until 2001. Between 1998 and
2001 the Group’s asset base grew by about 25% per annum compounded to approximately R49 billion.

During the 1990’s Arnold contributed to the formation and development of a number of emerging
businesses in South Africa. Since the early 2000’s Arnold has been practising as a strategic business
consultant, focusing on strategy and business development, mergers and acquisitions and related activities.
These activities have been carried out in a diverse range of industries such as financial services, risk
management, property development, manufacturing and distribution, business re-engineering and the aircraft
industry.

14 February 2017


Sponsor
Java Capital

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