PUTPROP LIMITED Incorporated in the Republic of South Africa (Registration number 1988/001085/06) Share code: PPR ISIN: ZAE000072310 ("Putprop" or "the Company") DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING 1. INTRODUCTION Shareholders are referred to the announcements released on SENS on 9 April 2019 and 9 July 2019 and using the terms defined therein unless otherwise stated, are hereby advised that the Circular containing, inter alia, full details of the proposed development by the Co-owners of the Mamelodi Shopping Centre and the Dobsonville Shopping Centre, which is classified as a Category 1 transaction in terms of the Listings Requirements ("Transaction"), and incorporating, inter alia,: - the independent property valuer's summary valuation report of the Properties; and - a notice convening a general meeting of shareholders ("General Meeting") in order to consider and, if deemed fit to pass, with or without modification, the resolutions necessary to approve, inter alia, the Transaction, has been distributed today, 19 July 2019. The Circular is available on the Company's website at: http://www.putprop.co.za/circulars.html 2. NOTICE OF GENERAL MEETING Notice is hereby given that the General Meeting will be held at 10:00 on Thursday, 22 August 2019 at the registered office of Putprop, 91 Protea Road, Chislehurston, Sandton, 2196, to consider, and if deemed fit, to pass, with or without modification, the resolutions set out in the notice of General Meeting, which is contained in the Circular. The Board has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, the record date for the purposes of determining which Shareholders are entitled to receive notice of the General Meeting is Friday, 12 July 2019 and only Shareholders who are registered in the securities register of the Company on Friday, 16 August 2019 will be entitled to participate in and vote at the General Meeting. Accordingly, the last day to trade in Putprop shares in order to be recorded in the Company's securities register in order to be entitled to attend, participate in and vote at the General Meeting is Tuesday, 13 August 2019. Johannesburg 19 July 2019 Sponsor and Corporate Advisor Merchantec Capital Date: 19/07/2019 02:40:00 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.