Cautionary announcement INGENUITY PROPERTY INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2000/018084/06) ISIN: ZAE000127411 JSE share code: ING (“Ingenuity” or “the Company”) CAUTIONARY ANNOUNCEMENT Ingenuity shareholders are advised that Ingenuity is currently in negotiations which if successfully concluded, may have a material effect on the price of the Company’s shares. Accordingly, Ingenuity shareholders are advised to exercise caution when dealing in the Company's shares until a further announcement is made. 1 July 2019 Cape Town Sponsor Nedbank Corporate and Investment Banking Date: 01/07/2019 03:14:00 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.