Further announcement regarding a proposed specific repurchase of Ingenuity shares INGENUITY PROPERTY INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2000/018084/06) ISIN: ZAE000127411 JSE share code: ING (“Ingenuity” or the “Company”) FURTHER ANNOUNCEMENT REGARDING A PROPOSED SPECIFIC REPURCHASE OF INGENUITY SHARES Shareholders are referred to the announcement released on SENS on 17 April 2019 regarding a specific repurchase of 356 062 509 Ingenuity ordinary shares (“Shares”) from The Century City Property Investment Trust (“CCPIT”), the Nafco Trust (“NAFCO Trust”) and Investec Property Fund Limited (“IPF”) for a total consideration of R384 547 509-72 (the “Repurchase”). In this regard, shareholders are advised that the posting of a circular setting out full details of the Repurchase (the “Circular”), incorporating an independent report as prescribed by the Companies Act, No. 71 of 2008, as amended, and a notice convening a general meeting (the “General Meeting”) has been delayed and is now expected to be posted to shareholders on or about Monday, 15 July 2019. The updated salient dates and times for the Repurchase and the General Meeting are as follows: 2019 Last day to trade to be entitled to attend, participate and vote at the Monday, 5 August General Meeting Record date to be entitled to attend, participate and vote at the General Thursday, 8 August Meeting Forms of proxy recommended to be received by 09h00 on Tuesday, 13 August General Meeting to be held at 09h00 on Thursday, 15 August Results of the General Meeting to be released on SENS on Friday, 16 August Cancellation and delisting of 356 062 509 Shares on or about Monday, 9 September Notes: 1. All times indicated above are South African times. 2. These dates and times are subject to amendment. Any such amendment will be released on SENS. A further announcement will be published when the circular is posted. Cape Town 26 June 2019 Investment Bank, Corporate Advisor and Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Legal advisor Webber Wentzel Date: 26/06/2019 04:54:00 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.