Cautionary announcement LIGHTHOUSE CAPITAL LIMITED (FORMERLY Greenbay Properties Ltd) (Incorporated in the Republic of Mauritius on 14 August 2014) (Registration number C124756 C1/GBL) SEM share code: GFP.N0000 JSE share code: LTE ISIN: MU0461N00015 ("Lighthouse" or "the Company") CAUTIONARY ANNOUNCEMENT Shareholders are advised that Lighthouse is in advanced stages of negotiations regarding a potential significant direct retail property acquisition in Iberia which, if successfully concluded, may have a material effect on the price of the Company's securities. Accordingly, shareholders of Lighthouse are advised to exercise caution when dealing in the securities of the Company, until further announcements in this regard are made. Lighthouse intends to raise additional capital through a rights offer ("Proposed Rights Offer"), which is subject to certain regulatory and exchange approvals. Further information regarding the Proposed Rights Offer will be communicated in due course. The Company has primary listings on both the Official Market of the Stock Exchange of Mauritius Ltd ("SEM") and the Main Board of the JSE Limited ("JSE"). By order of the Board 14 October 2019 For further information please contact: SEM authorised representative JSE sponsor and sponsor Company Secretary Java Capital Perigeum Capital Intercontinental Trust Tel: +27 11 722 3050 Tel: +230 402 0890 Tel: +230 403 0800 This notice is issued pursuant to JSE Listing Requirements, SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The Board accepts full responsibility for the accuracy of the information in this announcement. Date: 14/10/2019 01:15:00 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.