Reduction in shareholding by EPA ECHO POLSKA PROPERTIES N.V. (Incorporated in The Netherlands) (Company number 64965945) JSE share code: EPP ISIN: NL0011983374 LEI Code: 7245003P7O9N5BN8C098 (“EPP” or the “Company”) REDUCTION IN SHAREHOLDING BY EPA Shareholders are informed that Echo Prime Assets B.V. (“EPA”) a wholly owned subsidiary of Echo Investment S.A. (“Echo”), was released from the lock-up restrictions imposed by Redefine Properties Limited in respect of EPA’s EPP shares and, on 22 June 2017, EPA sold 40 000 000 EPP shares to existing and new South African institutional shareholders. The sale was settled on 26 June 2017. The placement of shares with a number of institutional shareholders will increase EPP's free float and is anticipated to further contribute to the improved liquidity in EPP shares. As a result of the sale the percentage of EPP shares held by EPA has decreased from 12.86% to 7.19%. The sale forms part of Echo’s strategy to align its asset composition as a pure developer without investment assets. The sale does not impact on the Company’s partnership with Echo. Echo and the Company remain long term partners and currently collaborate on eight development projects and share three common non-executive directors. This announcement is made in terms of Regulation 1001(ii) of the Rules and Regulations of the Luxembourg Stock Exchange (the “LuxSE”). 30 June 2017 JSE Sponsor Java Capital LuxSE Listing Agent M Partners More information: Magda Cieliczko, Marketing Director Echo Polska Properties Mobile: +48 603 203 619 magda.cieliczko@echo-pp.com Java Capital, JSE Sponsor Phone: +27 11 722 3050 M Partners, LuxSE Listing Agent Phone: +352 263 868 602 Jacques de Bie, South Africa, Investor Relations, Singular Systems IR Mobile: +27 (0)82 691 5384 Date: 30/06/2017 05:45:00 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.