Disposal of Rebosis’ shareholding in New Frontier NEW FRONTIER PROPERTIES LTD (Incorporated in the Republic of Mauritius on 5 June 2014) (Registration number 123368C1/GBL) SEM share code: NFP.N000 JSE share code: NFP ISIN: MU0453N00004 ("New Frontier") DISPOSAL OF REBOSIS' SHAREHOLDING IN NEW FRONTIER Shareholders are referred to the announcement released on SENS by Rebosis Property Fund Limited ("Rebosis") on 12 July 2019 and are advised that Rebosis has informed New Frontier that it has disposed of its 49.35% shareholding in New Frontier through the disposal of 7 wholly-owned subsidiaries, each of which hold New Frontier shares (the "Rebosis transaction"). Following the implementation of the Rebosis transaction, Henry Dednam will hold 20.35% of the New Frontier shares in issue and Orion Hotels & Resorts (Africa) Proprietary Limited will hold 29% of the New Frontier shares in issue. New Frontier holds primary listings on the SEM and the Alternative Exchange of the JSE. 15 July 2019 This notice is issued pursuant to SEM Listing Rules 11.3. The board of directors of New Frontier Properties Ltd accepts full responsibility for the accuracy of the information in this notice. For further information, please contact: JSE sponsor Java Capital +27 11 722 3050 Company secretary Osiris Corporate Solutions (Mauritius) Ltd +230 650 4030 Date: 15/07/2019 10:45:00 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.