General issue of shares for cash Atlantic Leaf Properties Limited (Incorporated in the Republic of Mauritius) (Registration number: 119492 C1/GBL) SEM share code: ALPL.N0000 JSE share code: ALP ISIN: MU0422N00009 (“Atlantic Leaf” or “the Company”) GENERAL ISSUE OF SHARES FOR CASH At the annual general meeting of Atlantic Leaf shareholders held on Thursday, 29 June 2017, the requisite majority of shareholders approved an ordinary resolution authorising the directors of the Company to issue up to 21 400 681 shares (being 15% of the issued share capital) for cash in accordance with paragraph 5.52 of the JSE Listings Requirements (“General Authority”). Shareholders are hereby advised that on 13 September 2017, the Company issued 16 291 986 new shares at an issue price of R17.60 per share, being at a premium of 4.43427% to the 30 day VWAP pursuant to an accelerated book build, which issue of shares for cash exceeds 5% of Atlantic Leaf’s shares in issue pursuant to the General Authority. The proceeds of the accelerated bookbuild were used to fund the acquisition of 45.02% of the units in LMP Retail Warehouse JV Property Unit Trust which holds a portfolio of 11 retail warehouse and industrial properties in the United Kingdom leased to DFS Trading Limited as well as 50% of the shares in LMP Retail Warehouse JV Management Limited, the management business that manages the portfolio and to fund the acquisition of listed securities. Atlantic Leaf has primary listings on both the Official Market of the Stock Exchange of Mauritius Ltd (“SEM”) and on the Main Board of the JSE Limited. 17 October 2017 JSE sponsor Java Capital +27 11 722 3050 South African corporate advisor Leaf Capital +27 21 657 1180 Corporate secretary Intercontinental Trust Limited +230 403 0800 SEM authorised representative and sponsor Perigeum Capital Ltd +230 402 0890 This notice is issued pursuant to the SEM Listing Rules 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007.The Board of Atlantic Leaf Properties Limited accepts full responsibility for the accuracy of the information contained in this announcement. Date: 17/10/2017 02:30:00 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.