Resignation of the Managing Director and Financial Director SA Corporate Real Estate Limited (Incorporated in the Republic of South Africa) Share Code: SAC ISIN Code: ZAE000203238 (Registration number 2015/015578/06) ("SA Corporate") REIT status approved Resignation of the Managing Director and Financial Director In compliance with rule 3.59 of the JSE Limited Listings Requirements, SA Corporate shareholders are advised as follows: 1. Mr TR Mackey, Managing Director, and Mrs AM Basson, Financial Director, of SA Corporate have tendered their resignations as executive directors of SA Corporate on 19 May 2019, which were accepted by the Board of SA Corporate on 20 May 2019. Both Mr Mackey and Mrs Basson have advised the Board that they are prepared to remain at SA Corporate to serve their three month notice period in order to ensure an orderly hand-over process. 2. The Board of SA Corporate believe that the interim measures that are in place will ensure the continuity and stability of the Company. In addition, a formal process to identify and appoint a suitable replacement for the Managing Director and the Financial Director will be undertaken and a further announcement will be released in due course. Cape Town 21 May 2019 Sponsor Nedbank Corporate and Investment Banking Date: 21/05/2019 04:50:00 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.