Voting limitation deed between Redefine and EPP EPP N.V. (previously Echo Polska Properties N.V.) (Incorporated in The Netherlands) (Company number 64965945) JSE share code: EPP ISIN: NL0011983374 LEI Code: 7245003P7O9N5BN8C098 ("EPP" or "the Company") VOTING LIMITATION DEED BETWEEN REDEFINE AND EPP Whilst Redefine Properties Limited ("Redefine"), as a holder of a minority shareholding in EPP, does not exercise either legal or factual control of EPP (as evidenced by Redefine's assessment of control of its investment), to mitigate against any further risk of Redefine being treated as exercising control of EPP for IFRS10 purposes (and thus to avoid an accounting outcome that is inconsistent with the economics of Redefine's shareholding in EPP and its relationship with EPP) Redefine has agreed to limit its voting rights exercised at general meetings of the Company by way of the execution of a Voting Limitation Deed ("the VLD"). In terms of the VLD the voting rights exercised by Redefine at general meetings of the Company shall, whilst the VLD remains operative, not exceed 40% of the aggregate votes exercised either in favour or against the relevant resolution by all EPP shareholders (including Redefine). Any excess votes attributable to Redefine's shares in the Company shall be reflected as abstentions in relation to the particular resolution. The arrangement does not constitute a related party transaction for the purposes of s10 of the JSE Listings Requirements. 10 June 2019 Corporate advisor and Sponsor Java Capital Luxembourg Stock Exchange Listing Agent Harneys Luxembourg For more information: Curwin Rittles, Investor Relations, EPP Mobile: +48 885 982 310 Curwin.rittles@epp-poland.com Java Capital, JSE Sponsor Phone: +27 11 722 3050 Harneys Luxembourg, Luxembourg Stock Exchange Listing Agent Phone: +352 27 86 71 02 Singular Systems IR, Investor Relations South Africa Michele Mackey / Jacques de Bie +27 (0)10 003 0700 / +27 (0)82 497 9827 michele@singular.co.za / Jdebie@singular.co.za Date: 10/06/2019 05:30:00 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.