Finalisation announcement in respect of the cash dividend for the six months ended 31 March 2018 GREENBAY PROPERTIES LTD (Incorporated in the Republic of Mauritius on 14 August 2014) (Registration number C124756 C1/GBL) SEM share code: GFP.N0000 JSE share code: GRP ISIN: MU0461N00007 (“Greenbay” or “the Company”) FINALISATION ANNOUNCEMENT IN RESPECT OF THE CASH DIVIDEND FOR THE SIX MONTHS ENDED 31 MARCH 2018 Shareholders are referred to the announcement released on Tuesday, 15 May 2018 regarding the interim dividend of 0.2885 EUR cents per share for the six months ended 31 March 2018 (the “cash dividend”). Shareholders on the South African share register will receive the cash dividend in South African Rands, converted from Euro at an exchange rate of EUR1.00: ZAR14.96191. Accordingly, the South African Rand equivalent of the 0.2885 EUR cents per share cash dividend will be 4.31651 ZAR cents per share. The information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local dividend amount for shareholders exempt from paying South African dividends withholding tax is 4.31651 ZAR cents per share. The net local dividend amount for shareholders liable to pay South African dividends withholding tax at the rate of 20% is 3.45321 ZAR cents per share. There is no withholding tax payable in Mauritius. The salient dates and times and other details announced on Tuesday, 15 May 2018 remain unchanged. By order of the Board 21 May 2018 The Company has a primary listing on the Official Market of the Stock Exchange of Mauritius Ltd and the Main Board of the JSE Limited. For further information please contact: JSE sponsor Java Capital Tel: +27 11 722 3050 SEM authorised representative and sponsor Perigeum Capital Tel: +230 402 0890 Company Secretary Intercontinental Trust Ltd Tel: +230 403 0800 This notice is issued pursuant to JSE Listings Requirements, SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The Board of Directors of Greenbay Properties Ltd accepts full responsibility for the accuracy of the information contained in this announcement. Date: 21/05/2018 10:00:00 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.