Listing of shares in terms of a vendor consideration placement New Frontier Properties Ltd (Incorporated in the Republic of Mauritius on 5 June 2014) (Registration number 123368C1/GBL) SEM share code: NFP.N000 JSE share code: NFP ISIN: MU0453N00004 (“New Frontier” or “the Company”) LISTING OF SHARES IN TERMS OF A VENDOR CONSIDERATION PLACEMENT The directors of New Frontier are pleased to announce that an application was made to the Johannesburg Stock Exchange (“JSE”) for the listing of an additional 8,160,657 New Frontier shares at an issue price of R17.50 per share (“additional New Frontier shares”) pursuant to a vendor consideration placement to settle the purchase consideration of €8.65 million for the acquisition detailed below (the “vendor consideration placement”). This application has now been approved by the JSE. The Stock Exchange of Mauritius authorised the issue of up to 300 million shares on 30 May 2017. New Frontier confirms that the proceeds of the vendor consideration placement will be used to fund the acquisition of Unit 1, Stadium Business Park, Ballycoolin, Dublin, Ireland, which acquisition was announced on 3 November 2017. The additional New Frontier shares have been allotted, issued and listed on Friday, 15 December 2017 on the JSE and will be allotted, issued and listed on Tuesday, 19 December 2017 on the SEM. The additional New Frontier shares will upon their issue, rank pari passu in all respects with the existing New Frontier shares in issue. Following the issue of the new shares, the Company will have a total of 160,935,407 ordinary shares in issue. New Frontier holds primary listings on the Stock Exchange of Mauritius Ltd (“SEM”) and the Alternative Exchange of the JSE. 18 December 2017 This notice is issued pursuant to SEM Listing Rule 11.3 and the Securities Act 2005 of Mauritius. The board of New Frontier Properties Ltd accepts full responsibility for the accuracy of the information in this notice For further information please contact: JSE sponsor Java Capital +27 11 722 3050 Company secretary Osiris Corporate Solutions (Mauritius) Ltd +230 650 4030 Date: 18/12/2017 02:07:00 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.