Final Trading Statement ORION REAL ESTATE LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1997/021085/06) Share Code: ORE ISIN: ZAE000075651 ("Orion Real Estate" or “the Company”) FINAL TRADING STATEMENT Shareholders are referred to the revised trading statement published on SENS on 30 November 2017 and are advised of further changes arising from final audit adjustments. In terms of paragraph 3.4(b)(iv) of the Listings Requirements of the Johannesburg Stock Exchange, shareholders are advised of the following revised figures for the year ended 30 June 2017: - basic and diluted loss per share of (1.13) cents per share, which is a reduction of 439% when compared to the basic and diluted earnings per share of 0.33 cents reported for the corresponding year ended 30 June 2016; and - headline and diluted headline earnings per share of 0.52 cents per share, which is an improvement of 119% when compared to the headline loss per share of 2.78 cents reported for the corresponding year ended 30 June 2016. The above information has not been reviewed or reported on by the Company’s auditors and the Company’s audited results for the year ended 30 June 2017 are expected to be published on 7 December 2017. Johannesburg 7 December 2017 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 07/12/2017 12:17:00 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.