Voluntary Update on Suspension BONATLA PROPERTY HOLDINGS LIMITED (Registration number 1996/014533/06) Share code: BNT ISIN: ZAE000013694 (”Bonatla” or “the Company”) VOLUNTARY UPDATE ON SUSPENSION In accordance with paragraph 1.6 of the JSE Listings Requirements which deals with the suspension of a company’s securities by the Johannesburg Stock Exchange (“JSE”), shareholders are provided with an update on the Company’s status below. As announced on 5 September 2017, the finalisation and release of the funding arrangements with Kinfedi have taken longer than expected. Kinfedi requested an extension to the date by which the funds will be made available to Bonatla for draw down, discussions in this regard are on-going and shareholders will be advised in due course. Kinfedi has selected Bonatla as one of its strategic partners due to certain of its existing proposed investment initiatives including CPTech (activated carbon business), Ruitersvlei (agriculture and hospitality), Kimberley Diamond Hub, Lincoln Meade. The following has previously been announced: - share-swap agreement for Kimberley Diamond and Jewellery Hub announced on 5 May 2014; - share-swap agreement for Lincoln Meade Park announced on 5 May 2014; - acquisition of Grande Roche Estates and Grande Roche Hotel on 23 December 2016; and - acquisition of the Ruitersvlei Property Portfolio on 30 November 2016. The Company believes that the above transactions will enable it to meet the requirements of Section 4.28 of the JSE Listings Requirements following the conclusion of the above and previously announced transactions. The Company is making progress with the drafting of the Circular to shareholders regarding, inter alia, the information regarding the acquisition of the Bluezone portfolio and other previously announced transactions. The Company remains in the process of finalising the publication of overdue results, which it expects to achieve during the third quarter of 2017. As separately announced, shareholders are still required to exercise caution when dealing in the Company’s shares. By order of the board Johannesburg 29 September 2017 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 29/09/2017 10:12:00 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.