Changes to the composition of board committees 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” or the “company”) CHANGES TO THE COMPOSITION OF BOARD COMMITTEES Shareholders are advised that following the appointment of three additional directors to the board of New Frontier on 13 December 2019, the directors of New Frontier have approved the restructuring of the company’s board committees as set out below. - Franz Gmeiner has been appointed as chairman of the board; - the corporate governance and remuneration committee comprises Shailen Ramgolam (chairman), Dean Harris and Rob Vallance; - the nomination committee comprises George Titan (chairman) and Mike Riley; - the investment committee comprises Franz Gmeiner (chairman), Rob Vallance, Mike Riley and Patrick Smith; and - the audit and risk committee comprises George Titan (chairman), Franz Gmeiner and Shailen Ramgolam. New Frontier holds primary listings on the SEM and the Alternative Exchange of the JSE. 15 January 2020 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 SEM sponsor GB Capital +230 650 4054 Company secretary Osiris Corporate Solutions (Mauritius) Ltd +230 650 4030 Date: 15-01-2020 02:02:00 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.