Change to the board of directors 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”) CHANGE TO THE BOARD OF DIRECTORS Shareholders are advised that Yondela Tembakazi Silimela has been appointed as an independent non- executive director to the board of directors (“the board”) of Indluplace, with effect from 1 November 2017. Yondela is a town planner by qualification and has expertise in real estate development and management, city governance, local government management, town and regional planning, urban renewal and regeneration and town and regional economic development. Yondela was until recently the executive director managing the Development Planning Department of the City of Johannesburg, responsible for overall management of the Development Planning Department. Her previous roles include an asset manager for property investments at the Public Investment Corporation, strategic support director in Development Planning and Urban Management for the City of Johannesburg and as chief director of the National Urban Renewal Programme for the Department of Provincial and Local Government. The board welcomes Yondela and looks forward to her contribution to the company. 13 October 2017 Sponsor Java Capital Date: 13/10/2017 01:00:00 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.