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PRESS RELEASES

ARROWHEAD EXPRESSES AN INTEREST TO ACQUIRE EMIRA

27 July, 2016

Arrowhead Properties ('Arrowhead'), the South African JSE listed Real Estate Investment Trust, ('REIT') announced today that it has made an expression of interest to acquire all or the majority of the issued share capital of Emira Property Fund Limited ('Emira') by means of a scheme of arrangement subject to the satisfactory conclusion of a due diligence investigation in respect of Emira's forecast income for the 12 months ending 30 June 2017.

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EXPRESSION OF INTEREST TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF EMIRA PROPERTY FUND LIMITED (“EMIRA”)

25 July, 2016

Shareholders are advised that Arrowhead has addressed a non-binding expression of interest to the board of directors of Emira detailing Arrowhead's interest, subject to the satisfactory conclusion of a due diligence investigation in respect of Emira's forecast income for the 12 months ending 30 June 2017, in acquiring all or the majority of the issued share capital of Emira (the "proposed transaction").

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ARROWHEAD DELIVERS STRONG INTERIM RESULTS

18 May, 2016

Arrowhead, the South African JSE listed REIT, has declared a dividend of 20,76 cents per share for the three months ended 31 March 2016. This is an increase of 11% on the same quarter the previous year. This, together with the dividend of 20,03 cents for the previous September quarter, represents a dividend of 40,79 cents per share; growth of 9,52% from the previous year.

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Vukile, Arrowhead and Synergy set to create new high-yielding, high-growth listed property fund

11 March, 2016

Vukile Property Fund, Arrowhead Properties and Synergy Income Fund Limited today announced they intend to create a new high-yielding, high-growth investment prospect for listed property investors...

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ARROWHEAD DELIVERS CONSISTENTLY

17 February, 2016

Wednesday, 17 February 2016 – Arrowhead, the South African JSE listed Real Estate Investment Trust, ('REIT') declared a cash dividend of 20.03 cents per share for the quarter ended 31 December 2015.

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