Completion of Acquisition Raven Property Group Limited Incorporated in Guernsey Company number 43371 LSE share code: RAV; JSE share code: RAV ISIN:GB00B0D5V538 (“Raven” or the “Company”) Completion of Acquisition On 5 December 2018, the Board announced that a subsidiary of the Company had entered into a conditional agreement for the acquisition of a completed warehouse in Nizhny Novgorod, together with 21.5ha of adjacent land. The acquisition was subject to the satisfaction of certain escrow arrangements. The Board is pleased to announce that completion of the acquisition took place yesterday, 19 December 2018. 20 December 2018 JSE Sponsor: Rencap Securities (Pty) Limited Enquiries Raven Property Group Limited Tel: + 44 (0) 1481 712955 Anton Bilton Glyn Hirsch Novella Communications Tel: +44 (0) 203 151 7008 Tim Robertson Toby Andrews N+1 Singer Tel: +44 (0) 20 7496 3000 Corporate Finance - James Maxwell / James Moat Sales - Alan Geeves / James Waterlow Numis Securities Limited Tel: + 44 (0) 207 260 1000 Alex Ham / Jamie Loughborough / Alasdair Abram Renaissance Capital (South Africa) Tel: +27 (11) 750 1448 Yvette Labuschagne Renaissance Capital (Moscow) Tel: + 7 495 258 7770 David Pipia Ravenscroft Tel: + 44 (0) 1481 729100 Jade Cook About Raven Property Group Raven Property Group Limited was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares, preference shares and warrants are listed on the Main Market of the London Stock Exchange and admitted to the Official List of the UK Listing Authority and the Official List of The International Stock Exchange (“TISE”). Its Ordinary Shares also have a secondary listing on the main board of the Johannesburg Stock Exchange and the Moscow Stock Exchange. Its convertible preference shares are admitted to the Official List of TISE and to trading on the SETSqx market of the London Stock Exchange. The Group operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.8 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk and 49,000 square metres of commercial office space in St Petersburg. For further information visit the Company’s website: www.theravenpropertygroup.com Date: 20/12/2018 01:00:00 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.