Results of annual general meeting 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 ANNUAL GENERAL MEETING Shareholders are advised that at the annual general meeting of shareholders held on Tuesday, 11 April 2017 (in terms of the notice of annual general meeting dispatched to shareholders on 28 February 2017), all of the resolutions tabled thereat were passed by the requisite majority of Ascension shareholders. Details of the results of voting at the annual general meeting are as follows: - total number of Ascension shares that could have been voted at the annual general meeting: 327 260 859. - total number of Ascension shares that were present/represented at the annual general meeting: 317 644 867 being 97% of the total number of Ascension shares that could have been voted at the annual general meeting. Ordinary Resolution 1 : To appoint the auditors of the Company Shares For Against Abstentions 317 644 867 317 644 867, being 100% - - Ordinary Resolution 2.1: To appoint Mr Sanjay Chiboo as a director of the Company Shares For Against Abstentions 317 644 867 317 644 867, being 100% - - Ordinary Resolution 2.2: To re-appoint Mr Nkosi Gugushe as a director of the Company Shares For Against Abstentions 317 644 867 317 644 867, being 100% - - Ordinary Resolution 2.3 : To re-appoint Mr Mervyn Burton as a director of the Company Shares For Against Abstentions 317 644 867 310 737 651, being 97.83% 6 907 216, being 2.17% - Ordinary Resolution.3.1: To re-appoint Mr Mervyn Burton as a member of the audit and risk committee Shares For Against Abstentions 317 644 867 311 547 036, being 98.08% 6 097 831, being 1.92% - Ordinary Resolution 3.2 : To re-appoint Mr Haroon Takolia as a member of the audit and risk committee Shares For Against Abstentions 317 644 867 317 644 867, being 100% - - Ordinary Resolution 3.3 : To re-appoint Mr Nkosi Gugushe as a member of the audit and risk committee Shares For Against Abstentions 317 644 867 317 644 867, being 100% - - Special Resolution 1: To authorise the Company to repurchase shares Shares For Against Abstentions 317 644 867 284 494 012, being 89.56% 33 150 855, being 10.44% - Ordinary Resolution 4 : General authority to issue shares for cash Shares For Against Abstentions 317 644 867 311 462 265, being 98.05% 6 182 602, being 1.95% - Special Resolution 2 : Provision of financial assistance to related and inter-related parties Shares For Against Abstentions 317 644 867 317 644 867, being 100% - - Special Resolution 3 : Approval to issue shares in terms of section 41(1) of the Companies Act Shares For Against Abstentions 317 644 867 278 914 632, being 87.81% 38 730 235, being 12.19% - Special Resolution 4 : Approval of non-executive directors’ remuneration Shares For Against Abstentions 317 644 867 287 490 416, being 90.51% 30 154 451, being 9.49% - Special Resolution 5 : Amendment to the Company’s Memorandum of Incorporation Shares For Against Abstentions 317 644 867 317 644 867, being 100% - - Ordinary Resolution 5 : To give general authority to the board to implement all resolutions passed Shares For Against Abstentions 317 644 867 317 644 867, being 100% - - 11 April 2017 Sponsor Java Capital Date: 11/04/2017 04:47:00 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.