Change to the board of directors MAINLAND REAL ESTATE LTD (Incorporated in the Republic of Mauritius) (Registration number: 135891 C1/GBL) SEM share code: MAIN.N0000 JSE share code: MLD ISIN: MU0520N00000 (“Mainland” or “the company”) CHANGE TO THE BOARD OF DIRECTORS Shareholders are advised that, Mr. Lyndon Bob Kan has resigned from the board of directors (the “Board”) and as Chief Executive Officer of the company effective from 31 May 2017. The Board wishes to thank Mr. Kan for his valuable contribution to the company since its inception. A further announcement will be made upon the appointment of a new Chief Executive Officer. Mainland has its primary listing on the Official Market of the Stock Exchange of Mauritius Ltd and a secondary listing on the Alternative Exchange of the JSE Limited. By order of the Board 16 May 2017 This announcement is issued pursuant to SEM Listing Rules 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The Board accepts full responsibility for the accuracy of the information in this announcement. For further information please contact: JSE sponsor Java Capital Tel: +27 11 722 3050 SEM authorised representative and sponsor Perigeum Capital Tel: +230 402 0890 Company Secretary Intercontinental Fund Services Limited Tel: +230 466 3999 Date: 16/05/2017 10:30:00 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.