Dealings in Shares by an Associate of a Director SAFARI INVESTMENTS RSA LIMITED Approved as a REIT by the JSE Limited (Incorporated in the Republic of South Africa) (Registration number 2000/015002/06) Share code: SAR ISIN: ZAE000188280 (“Safari” or “the Company”) DEALINGS IN SHARES BY AN ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the dealing in securities is disclosed: The directors dealings set out below predominantly aim to consolidate the entities through which Mr Marais holds his shares in Safari. NAME OF DIRECTOR FJJ Marais COMPANY OF WHICH A DIRECTOR Safari Investments RSA Limited STATUS Non-executive Director TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Purchase of shares by an associate of a director (off-market transaction) DATE OF TRANSACTION 29 March 2019 PRICE PER SECURITY R5.00 (1) R4.68 (2) NUMBER OF SECURITIES TRANSACTED 200 000 (1) 89 244 (2) TOTAL RAND VALUE OF SECURITIES R1 000 000 (1) TRANSACTED R417 661.92 (2) NAME OF ASSOCIATE Safarihold Proprietary Limited RELATIONSHIP WITH DIRECTOR Director is a director and shareholder of the associate NATURE AND EXTENT OF INTEREST IN Indirect, beneficial THE TRANSACTION NAME OF DIRECTOR FJJ Marais COMPANY OF WHICH A DIRECTOR Safari Investments RSA Limited STATUS Non-executive Director TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Sale of shares by an associate of a director (off-market transaction) DATE OF TRANSACTION 29 March 2019 PRICE PER SECURITY R5.00 NUMBER OF SECURITIES TRANSACTED 200 000 TOTAL RAND VALUE OF SECURITIES R1 000 000 TRANSACTED NAME OF ASSOCIATE MDM Architects (Pty) Ltd RELATIONSHIP WITH DIRECTOR Director is a director and shareholder of the associate NATURE AND EXTENT OF INTEREST IN Indirect, beneficial THE TRANSACTION NAME OF DIRECTOR FJJ Marais COMPANY OF WHICH A DIRECTOR Safari Investments RSA Limited STATUS Non-executive Director TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Sale of shares by an associate of a director (off-market transaction) DATE OF TRANSACTION 29 March 2019 PRICE PER SECURITY R4.68 NUMBER OF SECURITIES TRANSACTED 89 244 TOTAL RAND VALUE OF SECURITIES R417 661.92 TRANSACTED NAME OF ASSOCIATE Safari Retail Proprietary Limited RELATIONSHIP WITH DIRECTOR Director is a director and shareholder of the associate NATURE AND EXTENT OF INTEREST IN Indirect, beneficial THE TRANSACTION NAME OF DIRECTOR FJJ Marais COMPANY OF WHICH A DIRECTOR Safari Investments RSA Limited STATUS Non-executive Director TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Sale of shares by an associate of a director (off-market transaction) DATE OF TRANSACTION 29 March 2019 PRICE PER SECURITY R4.68 NUMBER OF SECURITIES TRANSACTED 22 311 TOTAL RAND VALUE OF SECURITIES R104 415.48 TRANSACTED NAME OF ASSOCIATE Safari Retail Proprietary Limited RELATIONSHIP WITH DIRECTOR Director is a director and shareholder of the associate NATURE AND EXTENT OF INTEREST IN Indirect, beneficial THE TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Pretoria 1 April 2019 Sponsor PSG Capital Date: 01/04/2019 03:22:00 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.