ORION REAL ESTATE LIMITED - Further announcement re acquisition of 5 properties from Zephan Properties / 3 properties from Michael Family Trust

Further announcement re acquisition of 5 properties from Zephan Properties / 3 properties from Michael Family Trust

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”)


FURTHER ANNOUNCEMENT REGARDING THE ACQUISITION OF FIVE PROPERTIES FROM ZEPHAN
PROPERTIES PROPRIETARY LIMITED AND THREE PROPERTIES FROM THE MICHAEL FAMILY TRUST


Shareholders are referred to the announcements published on SENS on Monday, 20 March
2018.

With regard to the values attributed to the properties outlined in the announcements,
shareholders are advised that the valuations were all prepared by W.J. Hewitt who is an
independent external valuer as defined by Section 13 of the JSE Listings Requirements.

W.J. Hewitt is a professional valuer and is registered in terms of Section 20(2)(a) and Section
43(8) of the Property Valuers Profession Act, 2000, Registration Number 12.

By order of the Board
22 March 2018


Sponsor
Arbor Capital Sponsors Proprietary Limited

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