No Change Statement and Notice of Annual General Meeting BALWIN PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2003/028851/06) Share code: BWN ISIN: ZAE000209532 ("Balwin" or "the Company") NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders are advised that the company’s 2017 Integrated Annual Report, containing the summarised consolidated financial statements for the year ended 29 February 2017, was posted to shareholders today and contains no modifications to the audited results which were published on 15 May 2017. Deloitte & Touche audited the annual financial statements of the company and their reports and complete annual financial statements are available for inspection at the registered offices of the company or can be found on the company’s website www.balwin.co.za. Notice is hereby given that the Annual General Meeting (“AGM”) of ordinary shareholders will be held at the offices of the Company, Block 1, Townsend Office Park, 1 Townsend Avenue, Bedfordview on Tuesday, 10 October 2017 at 08h00 to transact the business as stated in the annual general meeting notice, forming part of the Integrated Report. The Form of Proxy posted to shareholders references Friday, 6 October as the voting record date. Shareholders should note the voting record date should be be Friday, 29 September 2017 and last date to trade is Tuesday, 26 September 2017. Bedfordview 31 August 2017 Sponsor Investec Bank Limited Date: 31/08/2017 05:48:00 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.