Disposal of Properties and Circular INGENUITY PROPERTY INVESTMENTS LIMITED Incorporated in the Republic of South Africa) (Registration number 2000/018084/06) ISIN: ZAE 000127411 JSE share code: ING (“Ingenuity” or the “Company”) ANNOUNCEMENT REGARDING THE DISPOSAL OF PROPERTIES AND CIRCULAR Ingenuity shareholders (“Shareholders”) are referred to the SENS announcement dated 20 April 2018 wherein Shareholders were advised that the Company had entered into an agreement with Sanlam Life Insurance Limited (the “Purchaser”), in terms of which Ingenuity will dispose of certain properties to the Purchaser (the “Disposal”). The Disposal is classified as a Category 1 transaction in terms of the JSE Listings Requirements (“Listings Requirements”), which requires, inter alia, the distribution of a circular containing full details of the Disposal (the “Circular”) to Shareholders and compliance with paragraph 9.20(b) of the Listings Requirements, which states that within 60 days of the terms of a Category 1 transaction being agreed, an issuer must dispatch a circular to its shareholders. Ingenuity hereby wishes to advise Shareholders that the JSE has granted an extension for the Circular to be distributed to Shareholders by no later than the end of August 2018. 19 June 2018 Cape Town Investment bank, Corporate Advisor and Sponsor Nedbank Corporate and Investment Banking Date: 19/06/2018 12:10:00 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.