Update regarding the proposed rights offer and renewal of cautionary announcement Mara Delta Property Holdings Limited (previously Delta Africa Property Holdings Limited) (Registered by continuation in the Republic of Mauritius) (Registration number: C128881 C1/GBL) SEM share code: DEL.N0000 JSE share code: MDP ISIN: MU0473N00028 (“Mara Delta” or “the Company”) UPDATE REGARDING THE PROPOSED RIGHTS OFFER AND RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders of Mara Delta are referred to the cautionary announcement released by the Company on 28 March 2017 whereby it was announced that Mara Delta intends to proceed with a rights offer at USD 1.40 per share, subject to regulatory approvals. The Company now wishes to inform its shareholders and the general public that Mara Delta is seeking to raise a total of USD 138.45 million through the issue of approximately 98 892 723 new shares at USD 1.40 per share (being a subscription ratio of 0.81105 rights offer shares for every 1 ordinary share held). Given that the proposed rights offer is subject to numerous factors including regulatory approvals, shareholders are advised to continue to exercise caution when dealing in the Company’s shares pending a further announcement from Mara Delta. Mara Delta has its primary listings on both the Official Market of the Stock Exchange Mauritius Ltd and the Main Board of JSE Limited. By order of the board 28 April 2017 JSE sponsor and corporate advisor to Mara Delta SEM authorised representative and sponsor to Mara Delta Directors: Sandile Nomvete (chairman), Bronwyn Corbett*, Peter Todd (lead independent), Chandra Gujadhur, Maheshwar Doorgakant#, Ian Macleod, Leon van de Moortele*, Jacqueline van Niekerk and Matshepo More (*executive director) ( #alternate to Mr Gujadhur) Company secretary: Intercontinental Fund Services Limited Registered address: c/o Intercontinental Fund Services Limited, Level 5, Alexander House, 35 Cybercity, Ebène 72201, Mauritius Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited Corporate advisor and JSE sponsor: PSG Capital Proprietary Limited Sponsoring Broker: SBM Securities Ltd SEM authorised representative & sponsor and transaction advisor: Perigeum Capital Ltd This notice is issued pursuant to SEM Listing Rules 11.3 and 12.20 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The board of directors of the Company accepts full responsibility for the accuracy of the information contained in this communiqué. Date: 28/04/2017 10:02:00 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.