Extension of Time for Posting of Circular New Frontier Properties Ltd (Incorporated in the Republic of Mauritius on 5 June 2014) (Registration number: 123368C1/GBL) SEM share code: NFP.N0000 JSE share code: NFP ISIN: MU0453N00004 (“New Frontier” or “the Company”) EXTENSION OF TIME FOR POSTING OF CIRCULAR Shareholders are referred to the announcement released on SENS and the website of the Stock Exchange of Mauritius Ltd (“SEM”) on 30 April 2020 advising that the JSE Limited (“the JSE”) had approved the extension of the posting of the circular in respect of the Primark Store at Cooper’s Square Shopping Centre (the “Circular”). Due to substantial delays, partly due to the COVID-19 lockdown, the Company is still in the process of finalising the appointments of the independent property valuer, which is based in the UK, and the reporting accountant who is required to prepare reports on the pro forma financial information and the historical financial information of the property. As a result, the Circular will not be completed in time to meet the requirements of paragraph 9.20(b) of the JSE Listings Requirements and will not be posted to shareholders within the extended time frame of 22 June 2020. Accordingly, the JSE has approved a further extension until 31 July 2020 for the completion of the Circular. Shareholders are reminded that the transaction constitutes an undertaking in the ordinary course of business of New Frontier and therefore does not fall under the scope of Chapter 13 of the SEM Listing Rules. However, the transaction is a Category 1 transaction in terms of the JSE Listings Requirements and, accordingly, requires shareholder approval. New Frontier holds primary listings on both the Official Market of the SEM and the Alternative Exchange of the JSE. BY ORDER OF THE BOARD 30 June 2020 This notice is issued pursuant to SEM Listing Rule 11.3, the Mauritian Securities Act 2005 and section 9.20(b) of the JSE Listings Requirements. The Board of Directors of the Company accepts full responsibility for the accuracy of the information contained in this announcement. For further information please contact: SEM Authorised JSE Sponsor Representative and Sponsor Company Secretary Arbor Capital Sponsors Perigeum Capital Ltd Vistra (Mauritius) Limited +27 11 480 8500 +230 402 0890 + 230 260 7275 Date: 30-06-2020 11:08:00 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.