Dealings in securities by an associate of a director of Greenbay GREENBAY PROPERTIES LTD (Incorporated in the Republic of Mauritius on 14 August 2014) (Registration number: C124756 C1/GBL) SEM share code: GFP.N0000 JSE share code: GRP ISIN: MU0461N00007 (“Greenbay” or “the Company”) DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF GREENBAY Shareholders are advised of the following information relating to dealings in securities by an associate of a director of Greenbay: Name of associate: The Thistle Trust Name of director and relationship to director: Mark Olivier, who is a beneficiary of The Thistle Trust Transaction date: 12 May 2017 Class of securities: Ordinary shares Number of securities: 500 000 Price per security: R1.74 Total value: R870 000.00 Nature of transaction: On-market purchase through the JSE Nature and extent of director’s interest: Indirect beneficial Name of associate: The Thistle Trust Name of director and relationship to director: Mark Olivier, who is a beneficiary of The Thistle Trust Transaction date: 12 May 2017 Class of securities: Ordinary shares Number of securities: 1 000 000 Price per security: R1.75 Total value: R1 750 000.00 Nature of transaction: On-market purchase through the JSE Nature and extent of director’s interest: Indirect beneficial Greenbay has primary listings on both the Official Market of the Stock Exchange of Mauritius Ltd and the Johannesburg Stock Exchange Limited. By order of the Board 17 May 2017 This notice is issued pursuant to SEM Listing Rule 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 +27 11 722 3050 SEM authorised representative and sponsor Perigeum Capital +230 402 0890 Company Secretary Intercontinental Trust Ltd +230 403 0800 Date: 17/05/2017 08:30:00 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.