Further update in respect of previous announcements and withdrawal of cautionary ann - Sandton and Pinetown Props PEMBURY LIFESTYLE GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/205899/06) (“the Company”) ISIN Code: ZAE000222949 JSE Code: PEM FURTHER UPDATE IN RESPECT OF PREVIOUS ANNOUNCEMENTS AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT – SANDTON AND PINETOWN PROPERTIES Acquisition of property located in Sandton Further to the announcement dated 21 February 2018 (“First Announcement”), shareholders are advised that the sole shareholder of Zephan Properties Proprietary Limited, being the Seller of the Property, as defined in the First Announcement, is the N. Georgiou Trust, a trust associated with Mr Nicolas Georgiou and an unrelated party to the Company. As stated in the First Announcement, the Seller is not yet the registered owner of the Property, which is a material condition precedent of the transaction. However, the Seller has provided the Company with written confirmation from its attorney that the transfer of the Property to the Seller is in process and that the Property is unencumbered. The third party who currently owns the Property is South Central Manufacturer Proprietary Limited. Shareholders are further advised that the correct description of the Property, as referred in paragraph 5 of the First Announcement, is the remaining extent of Erf 22 Sandown and Erf 23 Sandown. As previously announced, the acquisition of the Property is a Category 1 transaction and will require shareholder approval. A summary circular, incorporating revised listing particulars, will be circulated to shareholders within the timeframes stipulated in the JSE Listings Requirements. Acquisition of Pinetown Nursing and Home for the Aged (“Pinetown Acquisition”) Further to the announcements dated 22 January 2018 and 23 February 2018, shareholders are advised that the Company has not yet received the Annual Financial Statements for the year ended 28 February 2017 in respect of the Pinetown Acquisition. The balance of the financial information will be published in due course. However, this information is not considered to materially affect shareholder decisions due to the financial information that has already been provided and published. Withdrawal of cautionary announcement The Company is not in any other negotiations and all material terms and material financial information has now been announced. Accordingly, the cautionary announcement is now withdrawn. BY ORDER OF THE BOARD 27 February 2018 Johannesburg Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 27/02/2018 05:27:00 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.