Correction to Headline Earnings for the Six Months and Nine Months Ended 29 February 2020 and 31 May 2020 New Frontier Properties Ltd (Incorporated in the Republic of Mauritius on 5 June 2014) (Registration number 123368C1/GBL) SEM share code: NFP.N000 JSE share code: NFP ISIN: MU0453N00004 ("New Frontier” or "the Company” or "the Group”) CORRECTION TO HEADLINE EARNINGS FOR THE SIX MONTHS AND NINE MONTHS ENDED 29 FEBRUARY 2020 AND 31 MAY 2020 RESPECTIVELY Shareholders are referred to the results announcement published on 15 April 2020 and 22 July 2020 and are advised that the headline earnings/(loss) per share computation was incorrect as the gain on liquidation of a subsidiary should have been deducted in the headline earnings reconciliation. The correct information is published below: Amended Published Amended Published 9 months 9 months 6 months 6 months ended ended ended ended Basic and headline earnings per share 31 May 31 May 29 February 29 February 2020 2020 2020 2020 GBP 000 GBP 000 GBP 000 GBP 000 Basic profit attributable to equity holders of the Company 6 269 6 269 7 044 7 044 Fair value movement on investment properties (1 776) (1 776) 1 776 1 776 Loss on disposal of investment 378 - 378 - Gain on liquidation of subsidiary (8 750) - (8 750) - Headline (loss)/earnings attributable to equity holders of the Company (327) 8 045 448 8 820 Weighted average number of shares 160 935 407 160 935 407 160 935 407 160 935 407 Earnings per share Basic earnings per share (GBP) 0.039 0.039 0.044 0.044 Headline (loss)/earnings per share (GBP) (0.020) 0.050 0.003 0.055 This is a material correction and the Company has reported the error to the JSE. New Frontier holds primary listings on both the Official Market of the SEM and the Alternative Exchange of the JSE. BY ORDER OF THE BOARD 21 August 2020 This notice is issued pursuant to SEM Listing Rule 11.3, the Mauritian Securities Act 2005 and section 9.20(b) of 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: SEM Authorised Representative JSE Sponsor and Sponsor Company Secretary AcaciaCap Advisors Perigeum Capital Ltd Vistra (Mauritius) Limited +27 11 480 8500 +230 402 0890 + 230 260 7275 Date: 21-08-2020 05:11:00 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.