Estimated net asset value for the quarter ended 30 September 2017 ASTORIA INVESTMENTS LTD (Incorporated in the Republic of Mauritius) (Registration number 1297585 C1/GBL) SEM share code: ATIL.N0000 JSE share code: ARA NSX share code: ARO ISIN: MU0499N00007 (“Astoria” or “the Company”) ESTIMATED NET ASSET VALUE FOR THE QUARTER ENDED 30 SEPTEMBER 2017 Astoria will be releasing its financial results for the quarter ended 30 September 2017 on or about 25 October 2017. The directors of Astoria wish to provide the market with an update of the estimated net asset value per Astoria share (“NAV”). The estimated NAV as at 30 September 2017 is USD 1.16 (30 September 2016: USD 1.03). This is subject to confirmation in the financial results announcement expected to be released on or about 25 October 2017. As at the end of the quarter, the Company has repurchased a total of 2 721 918 shares in terms of the share buyback, at an average purchase price of USD 0.88 per share. The Company has primary listings on the Stock Exchange of Mauritius (“SEM”) and the Alternative Exchange (“AltX”) of the Johannesburg Stock Exchange (“JSE”), and a secondary listing on the Namibian Stock Exchange (“NSX”). 6 October 2017 This notice is issued pursuant to SEM Listing Rules 11.3. The Board of Astoria Investments Ltd accepts full responsibility for the accuracy of the information in this announcement. JSE sponsor +27 11 722 3050 Java Capital Company secretary +230 650 4030 Osiris Corporate Solutions (Mauritius) Limited NSX sponsor + 264 61 256 666 Namibia Equity Brokers Date: 06/10/2017 09:00:00 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.