Ascension /Rebosis - Finalisation announcement regarding the scheme of arrangement in respect of Ascension A shares Ascension Properties Limited Rebosis Property Fund Limited (Registration number 2006/026141/06) (Registration number 2010/003468/06) JSE share code: AIA ISIN: ZAE000204566 JSE share code: REB ISIN: ZAE000201687 (Approved as a REIT by the JSE) (Approved as a REIT by the JSE) (“Ascension” or “the company”) (“Rebosis”) FINALISATION ANNOUNCEMENT REGARDING THE SCHEME OF ARRANGEMENT IN RESPECT OF THE ASCENSION A SHARES Ascension A shareholders are referred to the announcements released on SENS on 27 October 2016, 14 February 2017 and 16 March 2017 regarding the firm intention of Rebosis to make an offer to acquire all of the Ascension A shares in exchange for 19.34236 Rebosis A ordinary shares for every 100 Ascension A shares held, by scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008, between Ascension and its A shareholders (the “A share scheme”). The directors of Ascension and Rebosis are pleased to announce that all outstanding conditions precedent to the A share scheme have now been fulfilled and the implementation of the A share scheme will proceed in accordance with the salient dates and times previously announced on SENS on 14 February 2017. 6 April 2017 Corporate advisor and sponsor to Rebosis and Ascension Java Capital Legal advisor to Ascension and Rebosis Cliffe Dekker Hofmeyr Inc Date: 06/04/2017 10:00:00 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.