Update on the timing of release of financial results FREEDOM PROPERTY FUND LIMITED Incorporated in the Republic of South Africa Registration number: 2012/129186/06 Share code: FDP ISIN: ZAE000185260 (the “Company”) UPDATE ON THE TIMING OF RELEASE OF FINANCIAL RESULTS Shareholders are referred to the last quarterly update, dated 17 August 2018, wherein shareholders were provided with an estimated date for the completion of the annual financial statements for the year ended 29 February 2016 (including the restatement of the financial statements for the year ended 28 February 2015), the following factors set out below are to be considered. The board of Directors of the Company (“Board”) and management have assessed the time frame required to fully integrate the required International Financial Reporting Standards changes and subsequent amendments in its accounting systems, and has estimated that the Annual Financial Statements for the above-mentioned years should be released before the end of December 2018. The Board and management once again express its commitment to the release of these results, and continues to endeavor to meet stakeholder expectations. The Board continues to monitor the progress of the finalization of the above-mentioned annual financial statements and will advise shareholders of any changes. Paarl 17 September 2018 Sponsor Questco Corporate Advisory (Pty) Ltd Date: 17/09/2018 12:44:00 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.