Change statement, notice of annual general meeting and availability of B-BBEE annual compliance report 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”) CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING AND AVAILABILITY OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT ANNUAL COMPLIANCE REPORT Shareholders are advised that Indluplace’s annual report, incorporating the audited annual financial statements for the year ended 30 September 2019 (“audited AFS”), (on which the company’s auditors expressed an unmodified audit opinion) has been dispatched to shareholders and is available with immediate effect on the company’s website, http://indluplace.co.za/downloads/2019/results/Indluplace-2019-AR.pdf. The audited AFS contains the following change to the reviewed preliminary condensed consolidated results (“preliminary results”) for the year ended 30 September 2019, released on SENS on 13 November 2019. The headline earnings attributable to equity holders was incorrectly totalled to R119 914 523 in the preliminary results, instead of R119 741 227, as correctly determined in the audited AFS. The net effect is that headline and diluted headline earnings per share is now calculated to be 37.32 cents per share and not 37.37 cents per share as indicated in the preliminary results. No other line items in the headline earnings reconciliation is affected by this change, nor has the earnings per share, statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flow, or net asset value per share changed as a result of the above mentioned correction. The annual report contains a notice of annual general meeting which will be held at 10h00 on Tuesday, 11 February 2020 at 3rd Floor, Upper Building, 1 Sturdee Avenue, Rosebank, Johannesburg, which notice can be downloaded at http://indluplace.co.za/downloads/2019/results/Indluplace-2019-AR.pdf. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 28 January 2020 and the record date for voting purposes is Friday, 31 January 2020. Shareholders are hereby notified that in accordance with the JSE Listings Requirements, the company’s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, has been published and is available on the company’s website: http://www.indluplace.co.za/1-b-bbee.php. 18 December 2019 Sponsor Java Capital Date: 18-12-2019 02:27:00 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.