Postponement of distribution and withdrawal of dividend guidance SA Corporate Real Estate Limited (Incorporated in the Republic of South Africa) Share Code: SAC ISIN Code: ZAE000203238 (Registration number 2015/015578/06) ("SA Corporate" or “the Company”) REIT status approved POSTPONEMENT OF DISTRIBUTION IN RESPECT OF THE INCOME DISTRIBUTION PERIOD 1 JULY 2019 TO 31 DECEMBER 2019 AND WITHDRAWAL OF DIVIDEND GUIDANCE Postponement of distribution Shareholders are referred to the final distribution declaration announcement released on SENS on Tuesday, 10 March 2020, wherein shareholders were advised that the board of directors of SA Corporate (the “Board”) had declared a final gross cash distribution of 17.66 cents per share in respect of the income distribution period 1 July 2019 to 31 December 2019 (“final distribution”). Given the uncertainty as to the duration and extent of the impact that COVID-19 will have on the operational activities of the Company’s business together with further measures announced by President Cyril Ramaphosa on Monday, 23 March 2020, in which he outlined a 21-day national lockdown, the Board has considered it prudent and in the best interests of the Company and all its stakeholders to postpone the payment of the final distribution from Monday, 6 April 2020 to Tuesday, 28 April 2020. The additional time will afford the Board an opportunity to appropriately assess market conditions and financial risks posed by the Covid-19 threat as well as to review liquidity, during this period. The revised dates in respect of the final distribution are set out below: Last date to trade cum distribution Tuesday, 21 April 2020 Shares will trade ex-distribution Wednesday, 22 April 2020 Record date to participate in the distribution Friday, 24 April 2020 Payment of distribution Tuesday, 28 April 2020 Share certificates may not be dematerialised or rematerialised between Wednesday, 22 April 2020 and Friday, 24 April 2020, both days inclusive. Shareholders are further advised that the Company has made application to the JSE Limited ("JSE") for a relaxation of the requirement that SA Corporate, as a REIT, must pay its final distribution within a period of four months from its year end. Should this application be approved, and subject to relevant market and financial issues, the Company may further delay the payment of the final distribution, either partially or fully, to a date within the extension period granted by the JSE. Further updates will be provided to Shareholders, as and when relevant. Withdrawal of dividend guidance Given the uncertainty surrounding the financial impact of the COVID-19 pandemic on SA Corporate, the Board is of the view that it is no longer appropriate for the dividend guidance for the year ended 31 December 2020, as given on Tuesday, 10 March 2020, to remain in place. The Board will provide further guidance once there is clarity and certainty on the impact of the COVID-19 pandemic on its operations. Cape Town 30 March 2020 Sponsor Nedbank Corporate and Investment Banking Date: 30-03-2020 05:20:00 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.