Trading Statement Putprop Limited Incorporated in the Republic of South Africa (Registration number 1988/001085/06) Share code: PPR ISIN: ZAE000072310 (“Putprop”) TRADING STATEMENT In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the six months ended 31 December 2017 by management has indicated that: - the earnings per share (“EPS”) is expected to be between 14.23 cents and 17.97 cents, reflecting a decrease of between 62% and 52% compared to the EPS of 37.4 cents for the six months ended 31 December 2016; and - the headline earnings per share (“HEPS”) is expected to be between 17.27 cents and 20.14 cents, reflecting a decrease of between 39.8% and 29.8% compared to the HEPS of 28.7 cents for the six months ended 31 December 2016. The financial information on which this trading statement is based has not been reviewed or reported on by Putprop’s auditors. Putprop's interim financial results are expected to be released on SENS on or about 12 March 2018. Johannesburg 2 March 2018 Sponsor Merchantec Capital Date: 02/03/2018 04:30:00 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.