Distribution of Written Resolution Circular to Shareholders New Frontier Properties Ltd (Incorporated in the Republic of Mauritius on 5 June 2014) (Registration number: 123368C1/GBL) SEM share code: NFP.N0000 JSE share code: NFP ISIN: MU0453N00004 (“New Frontier” or “the Company”) DISTRIBUTION OF WRITTEN RESOLUTION CIRCULAR TO SHAREHOLDERS Shareholders are advised that the board of directors of the Company (“Board”) has proposed: • the appointments of Mr Shammeemkhan Abdoolakhan; Ms Patricia Sin Mew Cheung and Mr Andreas Ritzlmayr as directors of the Company; and • various amendments to the Company’s Constitution in order to provide, inter alia, for greater flexibility regarding the location of, and attendance at, meetings of the directors and shareholders of the Company. Shareholders will be requested to consider and, if deemed fit, approve, with our without modification, the ordinary and special resolutions required to implement the above proposals by means of written consent in terms of section 117 of the Mauritian Companies Act 2001, as amended (“Act”). Section 117(1) of the Act provides that a resolution contemplated in terms of section 117 of the Act, i.e. a written resolution in lieu of a meeting, shall be valid as if it has been passed at a properly constituted shareholders' meeting, where such resolution is signed by shareholders entitled to exercise sufficient voting rights for it to have been adopted as a special resolution (i.e. by at least 75% of the voting rights exercisable in respect thereof) and, if adopted, such resolution will have the same effect as if it had been approved by voting at a meeting of shareholders. A circular setting out the profiles of the proposed directors and the proposed amendments to the Constitution, together with the proposed resolutions and a voting form for shareholders on each of the Mauritian and South African share registers (“Circular”), was distributed to shareholders on 7 July 2020. A copy of the Circular is available on the Company’s website: www.newfrontierprop.com. The record date for determining shareholders entitled to receive the Notice was Friday, 26 June 2020 and the deadline for the exercise of voting rights is 17h00 South African time on Wednesday, 12 August 2020. New Frontier holds primary listings on both the Official Market of the Stock Exchange of Mauritius Ltd (“SEM”) and the Alternative Exchange of the Johannesburg Stock Exchange (“JSE”). By order of the Board 7 July 2020 This notice is issued pursuant to SEM Listing Rule 11.3, the Mauritian Securities Act 2005 and the JSE Listings Requirements. The Board of Directors of the Company accepts full responsibility for the accuracy of the information contained in this announcement. For further information please contact: JSE sponsor Arbor Capital Sponsors +27 11 480 8500 SEM Authorised Representative and Sponsor Perigeum Capital Ltd +230 402 0890 Company secretary Vistra (Mauritius) Ltd + 230 260 7275 Date: 07-07-2020 02:30:00 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.