Clarification Announcement: 2018 Notice Of Annual General Meeting Of Shareholders GRIT REAL ESTATE INCOME GROUP LIMITED (Registered by continuation in the Republic of Mauritius) (Registration number: C128881 C1/GBL) SEM share code: DEL.N0000 JSE share code: GTR LSE share code: GR1T ISIN: MU0473N00036 (“Grit” or “the Company”) CLARIFICATION ANNOUNCEMENT: 2018 NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS Shareholders are referred to Grit’s 2018 notice of annual general meeting of shareholders (“Notice of AGM”) distributed to shareholders on Wednesday, 31 October 2018. Shareholders are advised that the Company wishes to amend item (i) of special resolution number 1 (general authority to issue shares for cash on a non-pre-emptive basis) (“Special Resolution Number 1”) set out in the Notice of AGM by replacing the number “88 640 128” with the number “30 639 603” and replacing the percentage “29.9%” with “10%” such that item (i) of Special Resolution Number 1 reads as follows: “(i) this authority shall be limited to the issue or sale of up to 30 639 603 Shares, being 10% of the issued share capital at the date of this notice;” The updated Notice of AGM is available on the Company’s website at http://grit.group/sens/. By order of the Board 26 November 2018 SEM Authorised Representative and Sponsor: Perigeum Capital JSE Sponsor and Corporate Adviser: PSG Capital UK Financial Adviser: finnCap Grit Real Estate Income Group Limited Bronwyn Corbett, Chief Executive Officer +230 269 7090 Leon van de Moortele, Chief Financial Officer +230 269 7090 finnCap Ltd – UK Financial Adviser William Marle / Scott Mathieson / Matthew Radley (Corporate Finance) +44 20 7220 5000 Mark Whitfeld (Sales) +44 20 3772 4697 Monica Tepes (Research) +44 20 3772 4698 Citigate Dewe Rogerson – Financial PR Jos Bieneman / David Westover / Ellen Wilton +44 20 7638 9571 Perigeum Capital Ltd – SEM Authorised Representative and Sponsor Shamin A. Sookia +230 402 0894 Kesaven Moothoosamy +230 402 0898 PSG Capital – JSE Sponsor and Corporate Adviser David Tosi +27 21 887 9602 Directors: Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, Ian Macleod+, Paul Huberman+, 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 Limited SEM authorised representative and sponsor: Perigeum Capital Ltd This notice is issued pursuant to the LSE Listing Rules, 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: 26/11/2018 03:00:00 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.