Posting of reply document to Atlantic Leaf shareholders in response to Vukile Property Fund Limited mandatory offer Atlantic Leaf Properties Limited (Incorporated in the Republic of Mauritius on 11 November 2013) (Registration number: 119492 C1/GBL) SEM share code: LPL.N0000 JSE share code: ALP ISIN: MU0422N00009 (“Atlantic Leaf” or “the Company”) POSTING OF REPLY DOCUMENT TO ATLANTIC LEAF SHAREHOLDERS IN RESPONSE TO VUKILE PROPERTY FUND LIMITED MANDATORY OFFER DOCUMENT Atlantic Leaf shareholders are referred to the various announcements made by the Company and by Vukile Property Fund Limited (“Vukile”) in respect of the mandatory offer by Vukile for all the voting shares in Atlantic Leaf not already owned by Vukile, the last of which was in respect of the posting of the Vukile mandatory offer document to Atlantic Leaf shareholders on Friday, 3 November 2017. Atlantic Leaf shareholders are accordingly advised that in accordance with Rule 18 of the Mauritian Securities (Takeover) Rules 2010, the reply document by the board of directors of the Company has been issued and posted to Atlantic Leaf shareholders today, Friday, 24 November 2017. The reply document has been prepared for the purpose of enabling Atlantic Leaf shareholders to reach an informed decision about the offer. The reply document is available on the Company’s website, www.atlanticleaf.mu and copies may be obtained from the registered office of Atlantic Leaf (c/o Intercontinental Trust Limited, Level 3, Alexander House, 35 Cybercity, Ebene 72201, Mauritius) during normal business hours up to Friday, 8 December 2017. Atlantic Leaf holds primary listings on both the Official Market of the Stock Exchange of Mauritius Ltd and on the Main Board of the JSE Limited. By order of the Board For further information please contact: JSE sponsor Java Capital +27 11 722 3050 Corporate secretary Intercontinental Trust Limited +230 403 0800 SEM authorised representative and sponsor Perigeum Capital Ltd +230 402 0890 24 November 2017 This notice is issued pursuant to the SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The Board of Atlantic Leaf accepts full responsibility for the accuracy of the information contained in this announcement. Date: 24/11/2017 08:00:00 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.