Dispensation received on 60 day rule to dispatch circular INDLUPLACE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/226082/06) JSE share code: ILU ISIN: ZAE000201125 (Approved as a REIT by the JSE) (“Indluplace” or “the company”) DISPENSATION RECEIVED ON 60 DAY RULE TO DISPATCH CIRCULAR Shareholders are referred to the announcement released on SENS on 20 June 2017 in which they were advised that Indluplace and its wholly-owned subsidiary, Friedshelf 1781 Proprietary Limited, had concluded agreements with multiple vendors, to in effect acquire, through a variety of transaction mechanisms, three residential property portfolios comprising approximately 2 900 residential units, for an effective transaction consideration of approximately R1.4 billion (the “transaction”). Shareholders are advised that the company has received dispensation from paragraph 9.20(b) of the JSE Listings Requirements which requires the company to dispatch a circular to its shareholders containing a notice of general meeting to obtain their approval for the transaction within 60 days. The necessary circular is in the process of being approved by the JSE and will be posted to shareholders in due course. 18 August 2017 Corporate advisor and sponsor to Indluplace Java Capital Date: 18/08/2017 08:40:00 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.