Trading statement INGENUITY PROPERTY INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2000/018084/06) ISIN: ZAE 000127411 JSE share code: ING (“Ingenuity” or “the company”) TRADING STATEMENT In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, Ingenuity expects to announce for the year ended 31 August 2018: - headline earnings per share (“HEPS”) of 3.6 cents, which is an increase of 500% when compared to the HEPS of 0.6 cents reported for the corresponding year ended 31 August 2017; - earnings per share (“EPS”) of 12.7 cents, which is an increase of 59% when compared to the EPS of 8.0 cents reported for the corresponding year ended 31 August 2017; and - net asset value per share (“NAVPS”) of 139 cents, which is an increase of 12% when compared to the NAVPS of 124 cents reported for the corresponding year ended 31 August 2017. Headline earnings and earnings per share have increased inter alia due to increases in net property income, growth in the portfolio value and the realisation of assets at a profit. The above information has not been reviewed or reported on by the company’s auditors and the company’s results for the year ended 31 August 2018 are expected to be published on or about 15 November 2018. Cape Town 7 November 2018 Sponsor Nedbank CIB Date: 07/11/2018 11:08:00 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.