Results of annual general meeting GEMGROW PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2007/032604/06) JSE share code: GPA ISIN: ZAE0000223269 JSE share code: GPB ISIN: ZAE0000223277 (Granted REIT status with the JSE) (“Gemgrow” or “the company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that at the annual general meeting of A and B shareholders of Gemgrow (“shareholders”) held on Monday, 29 January 2018 (in terms of the notice of annual general meeting dispatched to shareholders on 15 December 2017), all of the resolutions tabled thereat were passed by the requisite majority of Gemgrow shareholders. Details of the results of voting at the annual general meeting are as follows: - total number of Gemgrow shares that could have been voted at the annual general meeting: 452 394 308. - total number of Gemgrow shares that were present/represented at the annual general meeting: 433 133 006 being 95.74% of the total number of Gemgrow shares that could have been voted at the annual general meeting. Ordinary resolution 1.1: Re-election of G Kinross as director Shares voted* For Against Abstentions^ 433 133 006 433 133 006, being 100.00% - - Ordinary resolution 1.2: Re-election of C Abrams as director Shares voted* For Against Abstentions^ 433 133 006 433 133 006, being 100.00% - - Ordinary resolution 1.3: Re-election of A Rehman as director Shares voted* For Against Abstentions^ 433 133 006 433 133 006, being 100.00% - - Ordinary resolution 2.1: Re-appointment of members of the audit and risk committee – C. Abrams (Chairman) Shares voted* For Against Abstentions^ 433 133 006 433 133 006, being 100.00% - - Ordinary resolution 2.2: Re-appointment of members of the audit and risk committee – A. Rehman Shares voted* For Against Abstentions^ 433 133 006 433 133 006, being 100.00% - - Ordinary resolution 2.3: Re-appointment of members of the audit and risk committee – A Basserabie Shares voted* For Against Abstentions^ 433 133 006 433 133 006, being 100.00% - - Ordinary resolution 3: Re-appointment of auditors Shares voted* For Against Abstentions^ 433 133 006 432 508 840, being 99.86% 624 166, being 0.14% - Ordinary resolution 4: General authority to issue shares for cash Shares voted* For Against Abstentions^ 433 133 006 387 458 210, being 89.45% 45 674 796, being 10.55% - Ordinary resolution 5.1: Non-binding advisory vote on remuneration policy Shares voted* For Against Abstentions^ 433 133 006 387 458 210, being 89.45% 45 674 796, being 10.55% - Ordinary resolution 5.2: Non-binding advisory vote on remuneration implementation report Shares voted* For Against Abstentions^ 433 133 006 388 082 376, being 89.60% 45 050 630, being 10.40% - Ordinary resolution 6: Specific authority to issue shares pursuant to a reinvestment option Shares voted* For Against Abstentions^ 433 133 006 433 133 006, being 100.00% - - Ordinary resolution 7: Signature of documentation Shares voted* For Against Abstentions^ 433 133 006 433 133 006, being 100.00% - - Special resolution 1: Share repurchases Shares voted* For Against Abstentions^ 433 133 006 428 838 460, being 99.01% 4 294 546, being 0.99% - Special resolution 2: Financial assistance to related and inter-related parties Shares voted* For Against Abstentions^ 433 110 625 433 110 625, being 100.00% - 22 381, being 0.00% Special resolution 3: Approval of fees payable to non–executive directors Shares voted* For Against Abstentions^ 433 133 006 430 077 071, being 99.29% 3 055 935, being 0.71% - Special resolution 4: Approval to issue shares in terms of Section 41(1) of the Companies Act Shares voted* For Against Abstentions^ 433 133 006 432 090 644, being 99.76% 1 042 362, being 0.24% - * shares excluding abstentions ^ in relation to total shares in issue 30 January 2018 Sponsor Java Capital Date: 30/01/2018 03:30:00 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.