Notification of change in audit firm due to merger INDLUPLACE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/226082/06) JSE share code: ILU ISIN: ZAE000201125 (Approved as a REIT by the JSE) ("the Company") NOTIFICATION OF CHANGE IN AUDIT FIRM DUE TO MERGER Shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that the Company has been informed by its audit firm, Grant Thornton Johannesburg Partnership ("Grant Thornton"), that there has been a change in its network firm membership from Grant Thornton to BDO South African Inc ("BDO"). The change was initiated by Grant Thornton following the merger of Grant Thornton and BDO, effective 1 December 2018. Accordingly, the audit firm of the Company is now BDO and the designated audit partner, Paul Badrick, will rotate in accordance with the provisions of the Companies Act, 71 of 2008 and will be replaced by Edward Dreyer. The Company will in due course follow the process detailed in paragraph 3.84(g)(iii) of the JSE Listings Requirements relating to BDO and the new designated audit partner. This process will be completed before the publication of the notice of annual general meeting, wherein the Company will propose the appointment of BDO as auditors. 3 December 2018 Sponsor Java Capital Date: 03/12/2018 04:12:00 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.