Issue of Shares for the Acquisition of Capital Place in Ghana GRIT REAL ESTATE INCOME GROUP LIMITED (previously known as Mara Delta Property Holdings Limited) (Registered by continuation in the Republic of Mauritius) (Registration number: C128881 C1/GBL) SEM share code: DEL.N0000 JSE share code: GTR ISIN: MU0473N00036 (“Grit” or the “Company”) ISSUE OF SHARES FOR THE ACQUISITION OF CAPITAL PLACE IN GHANA Shareholders are hereby advised that Grit will issue 5,567,564 additional ordinary shares of no par value (“New Shares”) as settlement for the acquisition of Capital Place in Ghana, as announced to the market on Friday, 13 April 2018. The New Shares will be issued through the Company’s Mauritian share register on Friday, 11 May 2018 at an issue price per share of USD 1.5267. The New Shares will be listed on the Official Market of the Stock Exchange of Mauritius Ltd (“SEM”) and the Main Board of the JSE Limited (“JSE”) on Friday, 11 May 2018. Following the issue of the New Shares, the Company will have a total of 214,022,425 ordinary shares in issue. Grit has its primary listings on both the Official Market of the SEM and the Main Board of the JSE. By order of the Board 10 May 2018 JSE sponsor and corporate advisor to Grit - PSG Capital Proprietary Limited SEM Authorised Representative and Sponsor to Grit - Perigeum Capital Limited Directors: Peter Todd+(Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, Ian Macleod+, Paul Huberman+, Faith Matshepo More, Nomzamo Radebe and Catherine McIlraith+ (* executive director) (+ independent non-executive director) Company secretary: Intercontinental Fund Services Limited Registered address: c/o Intercontinental Fund Services Limited, Level 5, Alexander House, 35 Cybercity, Ebène 72201, Mauritius Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited JSE sponsor: PSG Capital Proprietary Limited Sponsoring Broker: Axys Stockbroking Ltd SEM authorised representative and sponsor: Perigeum Capital Ltd This notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 11.3 and the Mauritian Securities Act 2005. The Board of the Company accepts full responsibility for the accuracy of the information contained in this communiqué. Date: 10/05/2018 02:30:00 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.