Distribution of Circular and Notice of General Meeting SAFARI INVESTMENTS RSA LIMITED (Incorporated in the Republic of South Africa) Registration number: 2000/015002/06 Approved as a REIT by the JSE Limited Share code: SAR ISIN number: ZAE000188280 (“Safari” or “the Company”) DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING Shareholders are referred to the detailed terms announcement released on SENS on 17 November 2016 wherein the Company announced that it had entered into various subscription agreements for cash (“the Subscriptions”). Shareholders are hereby advised that the JSE has formally approved the circular relating to the Subscriptions (“the Circular”) and that the Circular was distributed to shareholders today, 7 June 2017. NOTICE OF GENERAL MEETING Notice is hereby given that a general meeting of Safari shareholders will be held at 10:00 on Wednesday, 7 July 2017, at Menlyn Boutique Hotel, 209 Tugela Rd, Ashlea Gardens, Pretoria (“the General Meeting”), to consider and if deemed fit approve, the resolutions relating to the Subscriptions as contained in the notice of General Meeting which forms part of the Circular. The date on which shareholders must be recorded in the share register of the Company for purposes of being entitled to attend and vote at the General Meeting is Friday, 30 June 2017, with the last day to trade being Tuesday, 27 June 2017. The Circular incorporating the notice of General Meeting is also available on the Company’s website www.safari- investments.co.za and can be viewed at its offices at 420 Friesland Lane, Lynwood, Pretoria, during office hours. Pretoria 7 June 2017 Sponsor PSG Capital Proprietary Limited Date: 07/06/2017 05:26:00 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.