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Mon 3 Dec 2018, 17:18 ARROWHEAD PROPERTIES LIMITED - Notification of change in audit firm due to merger
AWA 201812030114A
Notification of change in audit firm due to merger

ARROWHEAD PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/000308/06)
JSE share code: AWA ISIN: ZAE000203105
(Approved as a REIT by the JSE)
("the Company")

NOTIFICATION OF CHANGE IN AUDIT FIRM DUE TO MERGER

Shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that the Company has
been informed by its audit firm, Grant Thornton Johannesburg Partnership ("Grant Thornton"), that there
has been a change in its network firm membership from Grant Thornton to BDO South African Inc
("BDO").

The change was initiated by Grant Thornton following the merger of Grant Thornton and BDO, effective
1 December 2018.

Accordingly, the audit firm of the Company is now BDO and the designated audit partner, Paul Badrick, has
remained unchanged.

The Company will in due course follow the process detailed in paragraph 3.84(g)(iii) of the JSE Listings
Requirements relating to BDO. This process will be completed before the publication of the notice of annual
general meeting, wherein the Company will propose the appointment of BDO as auditors. It is important to
note, that whilst the designated audit partner has remained unchanged, the audit and risk committee of the
Company will request and consider the separate information about BDO, as the Company is deemed to be
appointing BDO for the first time.

3 December 2018

Sponsor
Java Capital

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