TERMINATION OF APPOINTMENT OF EXTERNAL AUDITORS Freedom Property Fund Limited (Incorporated in the Republic of South Africa) (Registration number: 2012/129186/06) Share code: FDP ISIN: ZAE000185260 (“Freedom” or the “Company”) TERMINATION OF APPOINTMENT OF EXTERNAL AUDITORS Shareholders are advised, in terms of paragraph 3.78 of the Listings Requirements of JSE Limited, that Moore Stephens have been appointed as the Company’s external auditors, with Adele Smith as designated audit partner for the current financial year ending 28 February 2018, as well as for the years ended 28 February 2017 and 29 February 2016 (anticipated to include a restatement of the financial results of the Company for the year ended 28 February 2017) respectively, replacing RSM South Africa as the Company’s previous external auditors. The change in the Company’s external audit firm, which is effective as of the date of this announcement, was initiated by the board of directors of the Company (“Board”) following the Board’s conclusion that the Company’s interests would be better served should the appointment of RSM South Africa as the Company’s external auditors be terminated and other external auditors appointed for the Company. Paarl 24 November 2017 Sponsor Bravura Capital Proprietary Limited Date: 24/11/2017 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.