TRP121: Notification of an acquisition of beneficial interest in shares GEMGROW PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2007/032604/06) JSE share code: GPA ISIN: ZAE0000223269 JSE share code: GPB ISIN: ZAE0000223277 (Granted REIT status with the JSE) (“Gemgrow”) TRP121: NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SHARES In compliance with section 122(3)(b) of the Companies Act, 71 of 2008 (“the Companies Act”), regulation 121(2)(b) of the Companies Act Regulations, 2011 and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Gemgrow has received notification from: - Sanlam Investment Management Proprietary Limited (“Sanlam”), of an acquisition by Sanlam (on behalf of its clients) of Gemgrow B shares such that Sanlam’s total beneficial interest (on behalf of its clients) is now 6.44% of Gemgrow’s total issued B shares; and - Old Mutual Limited (“Old Mutual”), of an acquisition by Old Mutual of Gemgrow B shares such that Old Mutual’s total beneficial interest is now 7.48% of Gemgrow’s total issued B shares. As required in terms of section 122(3)(a) of the Companies Act, Gemgrow has filed the required notices with the Takeover Regulation Panel. 20 September 2019 Sponsor Java Capital Date: 20/09/2019 04:10:00 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.