Indluplace to pay dividends twice a year INDLUPLACE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/226082/06) JSE share code: ILU ISIN: ZAE000201125 (Approved as a REIT by the JSE) (“Indluplace” or “the company”) INDLUPLACE TO PAY DIVIDENDS TWICE A YEAR Shareholders are referred to the summarised consolidated audited annual results for the year ended 30 September 2017, released on SENS on 8 November 2017, in which shareholders were advised that the board of directors of Indluplace (“the Board”) was considering amending the company’s dividend policy. Shareholders are advised that the Board has resolved to change the frequency of dividend declarations and payments from quarterly for the three months ended 30 September, 31 December, 31 March and 30 June of each year, to biannual dividends for the six months ended 31 March and 30 September of each year, with immediate effect. The Board believes it to be in the best interest of shareholders to align the dividend payments with that of other South African listed REITS. Accordingly, dividends shall be declared for the six months ending 31 March 2018 and 30 September 2018, in accordance with the revised dividend timetable set out below. Dividend timetable for the 2018 financial year: Dividend number 11 12 Six months ended 31 March 2018 30 September 2018 Declaration date 9 May 2018 14 November 2018 Last day to trade 29 May 2018 4 December 2018 Shares trade ex-distribution 30 May 2018 5 December 2018 Record date 1 June 2018 7 December 2018 Payment date 4 June 2018 10 December 2018 The above dates are subject to change and any changes will be announced on SENS. 22 January 2018 Sponsor Java Capital Date: 22/01/2018 04:58:00 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.