Updated acquisition announcement and renewal of cautionary PEMBURY LIFESTYLE GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/205899/06) (“PL Group” or “the Company”) ISIN Code: ZAE000222949 JSE Code: PEM ADDITIONAL ACQUISITION INFORMATION, UPDATE ON CATEGORISATION AND RENEWAL OF CAUTIONARY ANNOUNCEMENT 1. Background PL Group shareholders are referred to the announcement published on 22 November 2017 wherein they were advised that PL Group, has, through its wholly-owned subsidiaries, PLG Retirement Villages (Pty) Ltd (“Business Purchaser”) and PLG Properties (Pty) Ltd (“Property Purchaser”) entered into two separate agreements for the acquisition of the business (“Business”) and the property ("Property”) on which a retirement village and nursing home are located, for a combined consideration of R36 000 000. Following the publication of the aforementioned announcement, shareholders are provided with the details of the Property and Business Vendors and the Property specific information below. 2. Details of Business and Property vendors The Property will be acquired from JVC Properties CC (Registration No: 1994/42342/23) for a total consideration of R33 000 0000. The Business will be acquired from Pinetown Nursing and Home for the Aged CC, (registration number C.K.94/42352/23) for a total consideration of R3 000 000. 3. Property specific information Property specific information is detailed below: Property Name Address Location Sector Erf Number 2601 5 Fairlea Close, Pinetown, Pinetown, Kwazulu Retirement village 3610 Natal Rentable Area Weighted Average Rental Per M2 Tenant Profile (Square meters) 6 256m2 Not applicable as the property is currently PL Group and its subsidiaries owned by the seller and will be occupied (inter-company) by PL Group after acquisition 4. Financial Information The Company has calculated an estimated value of the Property at approximately R33 000 000, being the purchase consideration. The net asset value and the profit attributable to the Business are not ready for publication as at the date of this announcement and will be published in due course. 5. Update on categorisation information In the announcement dated 22 November 2017 the acquisition was categorised as a Category 2 transaction in accordance with JSE Listings Requirements. However, due to the number of shares to be issued not being known until such time as the property is transferred, shareholders are advised that the final categorisation will only be determined in the future. In the event that the categorisation level changes to a Category 1 transaction, shareholder approval will be required. A further announcement will be made at this point in time. 6. Renewal of cautionary announcement Shareholders are referred to the renewal of cautionary announcement dated 22 November 2017 and are advised that negotiations relating to potential acquisitions of additional retirement assets remain on-going and financial information of the Business as mentioned in paragraph 4 above remains outstanding. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company’s securities both as a result of the cautionary announcement. BY ORDER OF THE BOARD 30 November 2017 Johannesburg Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 30/11/2017 11:10:00 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.