ORION REAL ESTATE LIMITED - Cautionary Announcement

Cautionary Announcement

ORION REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/021085/06)
Share Code: ORE ISIN: ZAE000075651
("Orion Real Estate" or “the Company”)


CAUTIONARY ANNOUNCEMENT


Shareholders are advised that Orion Real Estate has entered into acquisition
negotiations in respect of two properties for a combined consideration of R120
million to be settled in a combination of shares and cash, which if successfully
concluded, may have a material effect on the price of the Company’s securities.

Accordingly, shareholders are advised to exercise caution when dealing in the
Company’s securities until a further announcement is made.

Johannesburg
4 June 2018


Sponsor
Arbor Capital Sponsors Proprietary Limited

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