No change statement and notice of annual general meeting ARROWHEAD PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2011/000308/06) JSE share code: AWA ISIN: ZAE000203105 (Approved as a REIT by the JSE) ("Arrowhead" or "the Company") NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders are advised that Arrowhead's integrated annual report, incorporating the audited annual financial statements for the year ended 30 September 2018, (on which the company's auditors expressed an unmodified audit opinion) has been dispatched to shareholders today and is available with immediate effect on the company's website, http://www.arrowheadproperties.co.za/cmsAdmin/uploads/annual-reports/integrated- report-2018.pdf. The annual financial statements contain no changes to the provisional summarised consolidated audited results for the year ended 30 September 2018, released on SENS on 28 November 2018. The integrated annual report contains a notice of annual general meeting which will be held at 12h00 on Tuesday, 5 February 2019 at 3rd Floor, Upper Building, 1 Sturdee Avenue, Rosebank, Johannesburg, which notice can be downloaded at http://www.arrowheadproperties.co.za/cmsAdmin/uploads/notice-of- agm/documents/notice-of-agm-2018.pdf. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 22 January 2019 and the record date for voting purposes is Friday, 25 January 2019. 18 December 2018 Sponsor Java Capital Date: 18/12/2018 04:00:00 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.